In addition to speaking with contract professionals, CEO Update asked association heads to share with colleagues the contract tips gained from their real-world experience. Thomas Dolan, CEO of the American College of Healthcare Executives, said the “heart” of any good employment agreement is the severance clause, which defines reasons for termination and compensation a leader will receive if let go. Dolan said one year of severance pay is reasonable, especially for CEOs who relocated for the job. And ask that employment benefits, including health care, continue during the period. Also consider negotiating for outplacement assistance. Dolan said a good severance clause… Read More