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...
