How to Plan Ahead with Employment Agreements

In this episode of OK at Work, attorneys Sarah Sawyer and Russell Berger from Offit Kurman discuss executive level compensation and employment agreements. They explain the significance of these agreements for both executives and companies, particularly in scenarios involving business marketability, sales, and investor interactions. Key considerations include restrictive covenants, non-competes, and intellectual property protection. They also emphasize the importance of planning these agreements well in advance of major business transitions.00:00 Introduction to Executive Compensation Agreements00:58 Key Clauses in Executive Agreements01:29 Importance of Term Employment02:00 Considerations for Founders and Growing Businesses02:45 Planning Ahead for Business Transitions03:32 Final Thoughts