The do's and don'ts of employment contracts

• CEO Update LIVE: Time is money when considering severance terms
• Performance pay included more often in CEO contracts
• Severance scenarious range from nasty divorce to a 'goodbye kiss'
• CEO perks trends toward cash or tools to boost productivity
• Allies are key when dealing with a compensation panel
  
• Contracts becoming more common but boards scrutinize compensation
• Many association CEOs are lacking employment agreements, severance
• Where execs can turn for contract help
• Salary Update: Severance typically four to nine months of base pay, but not guaranteed
• With many ways to write contracts, have yours tailored to specific needs
• Contract checklist for a new association CEO

Solving the contract puzzle: a three-part series

Part I: Employment agreements set tone for entire tenure

Part II: Severance clauses aim at protecting both board and CEO

Part III: For security, have performance evaluations in your contract

Sample contracts

• CEO friendly (Venable)
• Organization friendly (Venable)
• General (Venable)
• General (Shaw Pittman)

Due diligence

Before signing a contract, be sure to do your homework and to ask the right questions
about governance, finance, membership and more.
See CEO Update's checklist.