Executives learn from experience about the pitfalls, golden chains of contracts
- May 27, 2016 |
- WILLIAM EHART
Attorney review can prevent six-figure misunderstandings, avoid common traps An executive contract can be a minefield—or it can be so lucrative that a CEO may feel trapped. But whether they contain "poison pill" provisions or golden handcuffs, there are pitfalls for both the executive and the organization, lawyers and association executives told CEO Update. RESOURCES PAGESee sample contract One executive, who asked not to be identified, appreciates that his association values his leadership—but has mixed feelings about the chains of gold that could bind him for the next three years. "The first several years that I was chief executive here, it was exciting… Read More