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More than pay: Contracts should set grounds for firing

Expert panel at CEO Update Live: Personal Financial Strategies advises CEOs to consider job risks, establish a commitment to the hiring organization, get severance package and make a long-term financial plan when negotiating a contract with an employer.

’Til disagreement do we part

Working without a contract is familiar to many association chief executives, especially at smaller groups, and even many of those with contracts do not have severance clauses.