Not that you're likely to be spending much time there. That's why it's worth remembering that when you and your new employer reach an agreement, you shouldn't do so on the basis of an appealing employment contract. Don't let fancy documents blind you to the job itself. And what if you decide it's just not what you want to do? You can stop negotiating at any time and you don't have to say a word. Just drag your attorney to the next meeting. "Companies don't like that," assures Hallas. Right then and there, they may very well decide you're not a good fit. Then it's on to the next opportunity.
Marie Leone is a senior editor at CFO.
Expendable You
What kind of severance package will kick in if a new owner kicks you out?
Those details are hammered out in a Change of Control Agreement, which every CFO should negotiate as part of a broader employment contract or a separate pact. Among the provisions you'll want to protect yourself:
1. A year's worth of pay, including base salary, benefits, and bonuses
2. Accelerated vesting of any stock options
3. Additional compensation to cover taxes
Reader CommentsDisplaying 1 of 1
Brenen Hofstadter
Feb 16, 2009 6:18 PM ET
Silver Lining
Regarding...."CFOs are among the most expendable senior executives in an acquisition," notes Bud Robertson, CFO of $500 … more
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