Arthur Kohn, Kathleen Emberger and Leah LaPorte Malone of Cleary Gottlieb Steen & Hamilton discuss how compensation committees and their advisors mired in difficult negotiations with an outgoing executive should be well informed about the relative costs and benefits of restrictive covenants, compensation clawback provisions, and release and waiver terms.
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When Executives Depart, Non-Economic Terms Can Matter
New York Law Journal
November 28, 2011
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