Good Reason Waiver: Salary Reductions & Other Employer Actions | Practical Law

Good Reason Waiver: Salary Reductions & Other Employer Actions | Practical Law

A letter agreement amending an executive employment agreement, including a waiver by the executive of any right to terminate for good reason in connection with certain actions taken by the employer or agreements between the employer and the executive, including reductions in base salary. This letter agreement should be executed by both the employer and the executive. This Standard Document has integrated notes with important explanations and drafting tips.

Good Reason Waiver: Salary Reductions & Other Employer Actions

Practical Law Standard Document w-024-7157 (Approx. 8 pages)

Good Reason Waiver: Salary Reductions & Other Employer Actions

by Adam S. Mendelowitz, Finn Dixon & Herling LLP, with Practical Law Employee Benefits & Executive Compensation
Maintained • USA (National/Federal)
A letter agreement amending an executive employment agreement, including a waiver by the executive of any right to terminate for good reason in connection with certain actions taken by the employer or agreements between the employer and the executive, including reductions in base salary. This letter agreement should be executed by both the employer and the executive. This Standard Document has integrated notes with important explanations and drafting tips.