Executive contracts

Executive contracts often differ significantly from standard employment contracts. Executives are subject to a number of special considerations, making it important to take these into account when drafting executive contracts. For example, executives are generally not covered by the employment protection legislation that applies to ordinary employees and therefore, as a general rule, only have the rights set out in their contract.

At KROMANN Law Firm, we assist with the drafting, negotiation, and interpretation of executive contracts. We help protect the interests of both the company and the executive. When preparing the contract, we ensure that all relevant provisions are included to minimise the risk of disputes relating to matters such as holiday entitlement, parental leave, business transfers, and working environment issues.

We recommend that, as a executive, you send us your contract for review before signing so that we can negotiate the terms on your behalf.

Even if you are the sole owner of your company, you are still legally required to have an executive contract if you receive a salary. It is therefore important to prepare an executive contract when establishing your business.