Compensation, Bonus, and Retirement Benefits
Philadelphia employment lawyers at Sidney L. Gold & Associates have vast experience in drafting, reviewing, and negotiating employment agreements, offer letters, contracts, partnership agreements, bonus compensation plans, equity compensation agreements, pension, retirement, and benefit plans for employees and executives worldwide. Global businesses often promise personal, departmental, and corporate performance based bonuses to their employees while others offer bonuses as hiring incentives. These guaranteed bonuses give the employee an indentured claim to these guaranteed bonuses. At-will employees and those without employment contracts are also entitled to these guaranteed bonuses. Lawyers at our firm ensure that our clients’ rights to these bonuses are protected by drafting, reviewing, and negotiating agreements with the appropriate legally binding language, even in the event the employee is terminated.
Employees and executives that accept long-term assignments outside of the United States are commonly offered equity compensation in the form of stock options and restricted stock in their compensation packages. Global corporations offer diverse types of equity compensation with varying rules specific to each country that can affect the employee’s vesting rights and rate of value. We are committed to formulating and negotiating equity compensation plans that are most advantageous to the employee, and that the employee fully understands the terms and conditions of these agreements.
Expatriate employees that plan to retire outside of the United States need the services of an experienced international employment lawyer to ensure that their retirement benefits are secure. It is vital for the employee to fully comprehend what their rights are and what they can expect upon retirement. Retiring employees need to be certain that their deferred compensation, 401(k) plans, and pensions are protected. Exit packages, severance, and scheduled distribution of retirement benefits are best handled by an experienced and competent employment lawyer.
For more information on international compensation, bonus, and retirement benefits, call the Philadelphia employment law firm of Sidney L. Gold & Associates at 215-569-1999, or submit our online contact form.