Both CEOs and boards should have protection, flexibility in notice clause "There are two times when you look at a contract," says attorney David Goch, partner at Webster, Chamberlain & Bean. "When you sign it, and when you want out of it. "That being the case, the most important provision is termination," he says. But termination is a two-way street. A key part of any executive employment contract is the provision relating to notice of departure, and first-time CEOs in particular should be aware of its significance and the fact that it is subject to negotiation. "I would never sign a contract with no notice clause," said Peter O'Neil, CEO of the $28 million-revenue… Read More