“C” level employment agreement provisions
Big Red Car here. Nice quiet early morning, let’s me compose my thoughts. We had a thunderstorm last night and the yard is strewn with twigs and leaves. Lots of lightning. Big Red Car loves lightning. It seems to energize my personality and make me excited. There is nothing in the world like an excited Big Red Car. Haha, Big Red Car, you crack yourself up, don’t you?
So The Boss is working with a couple of his CEOs and they are looking for some guidance as to how they should define their relationship with their company — an employment agreement.
In once instance, the CEO is selling his company and is being retained by the new owners. The new owners want to ensure that the CEO does not wander off and start another company, so they are both wanting to get something done. And, why the Hell not, Big Red Car?