Sidney L. Gold and Associates, P.C.

Call For A FREE Consultation 215-569-1999

Retention and Change in Control Agreements

Employees working for a company that is facing restructuring due to possible bankruptcy, legal problems, mergers, or acquisition may be offered a retention or change in control agreement by their current employer.  An employee can also approach the employer with the idea of a retention or change in control agreement when they feel their employment is jeopardized by these conditions.  Retaining employees during restructuring and transitioning of a company is key to its profitability and value, giving the employee a distinct opportunity to negotiate favorable terms and conditions.

Philadelphia employment lawyers at Sidney L. Gold & Associates are experienced in formulating, negotiating, and reviewing retention and change in control agreements. The laws surrounding these agreements are complex, and only a reputable and competent lawyer can ensure that the employee’s compensation and benefits are clearly defined, and that they are protected in the event of termination or demotion during the restructuring period.  Counsel can also protect clients from tax penalties that can occur from what is known as the Golden Parachute Tax, and negotiate a possible bonus for an employee that remains on the job throughout the restructuring period.

For more information on retention and change in control agreements, contact the Philadelphia employment law firm of Sidney L. Gold & Associates at 215-569-1999, or complete our online contact form.

Sidney L. Gold SuperLawyer 16 years Super Lawyers AV Peer Review Rated ASLA 2019 Top 100 Lawyers Million Dollar Advocates Forum Top Rated Lawyers Legal Leaders
american-registry-2017 Philly Happening BBB Rating ATA Lifetime Institute Visionary Circle Badge Best Lawyers Award Badge Best Employment lawyers in Philadelphia Best Lawyers Award Badge