On Wednesday October 9, 2024, the executive career advancement website IvyExec published an article I wrote, “Executive Contract Negotiations for Life Sciences Executives.
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 article, go to LINK: https://ivyexec.com/career-advice/2024/executive-contract-negotiations-for-life-sciences-executives
or my website, go to LINK: https://www.executiveemploymentattorney.com/executive-contract-negotiations-for-life-sciences-executives/
IvyExec hosts articles and webinars from experts in the career, leadership, and business spaces who wish to share their knowledge with our audience. In April 2021, I was invited to write for IvyExec since it seeks original content on the topics of career development, leadership, and business strategy as it applies to senior-level and C-Suite professionals. IvyExec blog posts and webinars are shared with its community of more than 2 million members on its website, in its newsletter, and on its social media channels. https://www.ivyexec.com/career-advice/write-for-us/IvyExec claims a “Community of 2.5M+ Leaders”. See also – https://www.ivyexec.com/
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 rob@attorneyadelson.com or call 617-875-8665.
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