Negotiation of Employment Contracts and Severance Agreements

For the executives of privately owned companies, being able to be part of a non-public company has its advantages.  However, the ease of sale or change over in ownership of private or family business requires a careful consideration of the terms for the valuable services a top level executive provide to the business, and an insurance that the time and effort given by those persons are rewarded both with regard to current pay as well as when those services may no longer be required.  Before you say "Yes" to your new ownership group or accept the promotion into the executive ranks, consult with the attorneys of Gislason & Hunter, LLP's Employment Law Practice Group.  They can provide you with a solid foundation to begin your work with your new employer or in your new position without having the worries of what happens if the company owners elect to go a "new direction" without your services. Gislason & Hunter, LLP can also be there if that "new direction" occurs, and you are left with end of employment issues including severance pay, guaranteed pay, continued health insurance, and other serious issues which will impact you and your family.