If you're happy with the position, base, bonus and equity, you're about 99% of the way there. As noted above, in a PE deal they are not going to give a custom deal on the issues you mention as outstanding (severance amounts, definitions, equity structure and vesting) unless you are coming in as CEO, in my experience. It's not a bad idea to have counsel review the agreement if it is your first employment agreement. Just plan to go back to the PE firm for "clarification" on issues you'd like to discuss further. Only really push if you've identified deal killers. And, get back to them pretty quickly. Given that changes to their standard agreement are unlikely, there's no reason to spend much time (or incur much expense) once you've got their agreement in hand. Industry standard on severance outside of the C-suite is 6 months and any equity vesting beyond your last day would be unusual.
Statistics: Posted by CFOKevin — Fri Sep 13, 2024 11:13 pm — Replies 15 — Views 1476