Severance and Change-in-Control Agreement Liabilities in Corporate Transactions

Summary

This practice note discusses several aspects of important executive compensation-related considerations in the context of a corporate transaction. Severance and change-in-control arrangements with existing and prospective target company management and key employees can raise significant issues in the course of a deal, including allocation of liabilities, ensuring a smooth transition in leadership, and complying with legal requirements. Identifying these issues early in the process will put practitioners and their clients in the best position for addressing them successfully.