Tag Archives: retention agreements

Executives Cash in as Companies March Toward Bankruptcy 

Posted on August 6, 2020 by Joe Ahmad

Neiman Marcus is the latest company to raise eyebrows with a generous performance- and retention-based compensation plan for a group of executives at a time when the company itself is fighting for survival.    In July, investors, furloughed employees and bankruptcy trustee Henry Hobbs howled at the prospect of a $10 million compensation package for the high-end retailer’s CEO and a … Continue reading →

Posted in CEOs, Complaints Against Executives, Corporate culture, Executive Compensation, Retention agreements, Severance Packages | Tagged , , , | Comments Off on Executives Cash in as Companies March Toward Bankruptcy 

Fifth Circuit Reminder: Words Matter in Employment Contacts, Restrictive Covenants

Posted on June 25, 2018 by Joe Ahmad

Sometimes the most fundamental legal concepts are so basic and intuitive that they tend to fall by the wayside in practice. Case in point is a recent Fifth Circuit opinion throwing out an arbitration agreement because the employer didn’t follow … Continue reading →

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In Buc-ee’s Retention Pay Squabble, Former Manager Scores Big Payback from Appellate Court

Posted on February 6, 2018 by Joe Ahmad

A Texas appellate court recently stiff-armed the Buc-ee’s convenience store chain for a poorly considered retention pay provision that amounted to “unenforceable restraints of trade.” The court’s interpretation of the retention pay provision is a learning opportunity for employers who … Continue reading →

Posted in Clawback provisions, Covenants Not to Compete, Non-Competes, Restraint of trade, Retention agreements | Tagged , , , , , | Comments Off on In Buc-ee’s Retention Pay Squabble, Former Manager Scores Big Payback from Appellate Court

What to do when your successful business unit is sold

Posted on January 20, 2012 by Joe Ahmad

Success is sometimes rewarded in strange ways, such as when a company sells off a highly profitable business unit in order to raise cash (as Nestle did when it bought Cadbury and as Barnes & Noble is considering doing with … Continue reading →

Posted in CEOs, Change of Control Agreements, Dodd-Frank, Executive Compensation, Executive contracts, Legal, Retention agreements | Tagged , , , , , , , , | Comments Off on What to do when your successful business unit is sold