Executive Employment Agreement Provisions Potentially Affected by COVID-19 | Practical Law

Executive Employment Agreement Provisions Potentially Affected by COVID-19 | Practical Law

An Article addressing issues to consider when negotiating and drafting executive employment agreements during the 2019 novel coronavirus disease (COVID-19) pandemic, including whether to modify the company's standard good reason definition, whether the company intends to reconsider and potentially adjust performance metrics due to the impact of COVID-19 on the company's business, and the executive compensation limits in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) that apply to companies receiving stimulus aid. This Article includes a chart of COVID-19-related provisions in recent publicly filed executive employment agreements.

Executive Employment Agreement Provisions Potentially Affected by COVID-19

Practical Law Article w-025-3701 (Approx. 7 pages)

Executive Employment Agreement Provisions Potentially Affected by COVID-19

by Employee Benefits and Executive Compensation
Published on 13 May 2020 • USA (National/Federal)
An Article addressing issues to consider when negotiating and drafting executive employment agreements during the 2019 novel coronavirus disease (COVID-19) pandemic, including whether to modify the company's standard good reason definition, whether the company intends to reconsider and potentially adjust performance metrics due to the impact of COVID-19 on the company's business, and the executive compensation limits in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) that apply to companies receiving stimulus aid. This Article includes a chart of COVID-19-related provisions in recent publicly filed executive employment agreements.