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Birmingham Bar Associations Bulletin Summer 2015

Employment Law Jackson M. Payne, Leitman, Siegal & Payne, P.C. Very few executives can expect lifetime employment with the same company. As a result, it has become commonplace for an executive to seek a written employment agreement that spells out the ongoing nature of the relationship, what will happen when it ends, and the compensation and benefi ts package. Similarly, an employer will want an employment agreement to protect its trade secrets and confi dential information, prevent the executive from engaging in a competitive activity, and provide for an alternative dispute resolution for any disputes arising out of the employment relationship. In this article, a number of issues are discussed for consideration by the attorney who represents the executive in the negotiation of an employment agreement, the initial draft of which is typically a boilerplate agreement prepared by the employer’s counsel and the terms of which are likely skewed in the employer’s favor. 14 Birmingham Bar Association


Birmingham Bar Associations Bulletin Summer 2015
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