Executive Employment Agreements
- March 1, 2006 |
- CEO Update
By David Goch and James Zaniello It is often said that the law is not static, nor does it exist in a vacuum; that is no more obvious than in the area of nonprofit CEO agreements. Nonprofit executives agreements have begun to mirror contracts for their counterparts in the for-profit world with executive perks such as automobiles and club dues, compensation packages with deferred income and working remotely, while still under the umbrella of the nonprofit organization and the watchful eye of the IRS. On the other side of the equation is typically a savvy Board, acting on advice from professionals, with the goal of retaining the executive but under terms most favorable to… Read More