Changed options to preserve them to exit: Changes that were negotiated to stock options allowed for extended exercise, which enabled the executive to retain options post-termination for several years. This allowed him lucrative exit on the exercise and sale of shares.
Changed termination to allow his trigger for severance: We negotiated changes to the termination language to narrow grounds (termination by the company for cause), and to allow him to terminate, or quit, for good reason which would trigger his severance package.
Expanded severance period and pay: We negotiated for an expansion of the severance period with an inclusion of bonuses within the severance.
For more information regarding my executive employee services, please see below:
I have represented CEOs, COOs and senior executives working for companies in Massachusetts and across the country, and I am available to answer all of your important questions. Contact me, an attorney for executive employment law, at firstname.lastname@example.org or call 617-875-8665.