Executive Terminations Benefits and Compensation Considerations

This practice note summarizes compensation and benefits issues to consider in connection with the termination of executive-level employees working in the U.S., other than terminations for performance reasons or on account of misconduct. Except where indicated, this practice note does not address state or local compensation and benefits law requirements relevant to executive terminations. Also, this practice note generally does not address labor and employment law considerations arising from executive terminations outside the compensation and benefits context.