10/05/2013 // Dallas, Texas, United States // Attorney Keith Clouse (Press Release) // Keith Clouse

Many executives enter into separation agreements when they leave employers. These agreements typically describe the compensation the executive will receive upon separation and detail the executive’s obligations under any restrictive covenants, such as a non-compete agreement or a non-solicitation agreement.

Sometimes an employer also asks that a departing executive agree to “cooperate” with the company in the future by providing assistance with lawsuits, claims, or regulatory matters about which the executive has knowledge. Even when the company does not foresee immediate litigation, the company may want a former executive to be available for a deposition, to sign an affidavit, or to discuss a situation with the company’s counsel should the need arise.

In most cases, an executive agrees to cooperate, within certain limits. For example, the executive may agree to assist the company for a set number of hours during the period in which the executive receives post-employment compensation from the employer. Sometimes an executive negotiates a per diem or per hour rate for such cooperation and requires the employer to reimburse the executive for all related expenses.

To learn more about negotiating severance agreements, contact an employment lawyer in your area. This article is presented by the employment law attorneys at Clouse Dunn LLP. For inquiries, send an email to debra@clousedunn.com or call (214) 239-2705.

Contact Keith Clouse

KEITH A. CLOUSE

Clouse Dunn LLP

214.220.2722 214.220.3833 ( fax) keith@clousedunn.com

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