Essential Employment Contract Terms for Medical Device and Biotechnology Executives
Updated: Dec 29, 2021
On December 29, 2018, CEOWorld magazine published an article I wrote on “Essential Employment Contract Terms for Medical Device and Biotechnology Executives” The magazine advised me that I can use “Featured in the CEOWORLD magazine” and the CEOWORLD “Logo” on my website.
This article was designed for CEOs and other C-Suite, VPs or other senior executives in Medical Device, Biotechnology and other life science companies who, when negotiating a new job offer or employment contract or terms of executive compensation, need to give attention to essential employment terms in these fast growing and changing industries.
My article indicates how in these negotiations, the executive should seek key executive employment terms in the following important areas:
Signing bonus to at least make you whole for anything you are giving up,
Performance targets geared to your type and stage of life science company and its exit goals,
Equity in scope and form matched to your position, stage of company and potential tax issues
Relocation and other expenses (e.g. maintaining your M.D. license) again to keep you whole when you change companies.
The article also discusses executive severance terms and triggers for your protection in case changes necessitate you to change companies in the future.
To see my full CEOWorld magazine. article, go to my website
With more than 12.4+ million page views, CEOWORLD magazine is the world’s leading business magazine written strictly for CEOs, CFOs, CIOs, senior management executives, business leaders, and high net worth individuals worldwide.
It is my hope that this article will be helpful to CEOs and other senior executives in the medical device, biotechnology or other life science industries who are negotiating new executive job offers, employment contracts or executive compensation packages and should pay attention to the essential contract terms discussed in my article. If you or any colleague of yours has a need in this area, please do reach out to me at firstname.lastname@example.org. About Robert A. Adelson, Esq. Robert A. Adelson, Esq. is a corporate and tax attorney and principal of Adelson & Associates, LLC, Boston, Massachusetts. He represents CEOs and C-Level executives on various issues including employment terms, tax-favored equity, bonus and LTI compensation, change of control, retention, separation agreements, wrongful termination, noncompete and restrictive covenants. Robert A. Adelson, Esq. is an opinion columnist for the CEOWORLD magazine.