High value employment contracts – Nuances and challenges

High value employment contracts - Nuances and challenges
It is suggested that organisations should ensure that all terms and conditions of employment as may be negotiated with every Key Employee should always be translated to an employment contract in writing recording the complete understanding and indicating acceptance of terms by the Key Employee.

A majority part of the previous financial year is embroiled in the pandemic leading to the evolution of a new normal regime – whether it be doing business, performing daily routine tasks or discharging professional duties. While “living with COVID” may very soon become a reality, the new phase is calling upon us to revisit practices followed till date to continue the order of things in the wake of calamities.

Senior Level Employment Contracts – Unique or not?

The fundamental question to be raised before we start is – is there even a need to distinguish “Key Employee” contracts from the other employee contracts? Key senior personnel of the organisation – popularly termed as “CXOs[1]” – are recruited for performing quintessential functions of the organisation relating to the growth, prospects and future of the organisation. These Key Employees are attractive on account of their expertise and...

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Archana Balasubramanian

is Founder and Partner at Agama Law Associate, Mumbai. Archana has versatile experience of over 13 years wherein she has gained immense tactical transactional understanding as well as significant industry expertise across diverse sectors.

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Archana Balasubramanian

is Founder and Partner at Agama Law Associate, Mumbai. Archana has versatile experience of over 13 years wherein she has gained immense tactical transactional understanding as well as significant industry expertise across diverse sectors.

Dec. 2022 Issue

Workplace Frustration

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