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Contract checklist for a new association CEO

Attorney Jerry Jacobs, partner and head of nonprofit organizations practice, Pillsbury LLP, suggests executives evaluate these 10 points before they sign a contract Termination. Are the criteria for the association’s right to terminate “with/for cause” narrow and clear, with an opportunity for the CEO to contest/dispute? Termination. If the CEO is terminated by the association “without cause,” does the CEO receive severance payments? For how long? With or without benefits? Termination. If the CEO voluntarily terminates, what is the notice period? Are there any severance payments/benefits? Term. Does the agreement end at a certain date or does it automatically renew year to… Read More