Contracts of employment / CEO agreements
CONTRACTS OF EMPLOYMENT / CEO AGREEMENTS
Employment contracts and CEO agreements in Gothenburg and Kungsbacka
Employment contracts are often drafted using the templates already provided by the employer. However, when you are hiring an employee who will have a senior position within the company, we recommend that you customise an agreement.
At Advokatfirman Glimstedt’s offices in Gothenburg and Kungsbacka, we have extensive experience of helping our clients with labour law. Common areas are employment contracts and their application.
We help our clients feel secure when dealing with labour law
Why is a customised employment contract for CEOs needed?
The most common reason for having customised contracts for CEOs or senior managers is that these functions are not covered by the Employment Protection Act. Thus, a CEO agreement reduces the risk of conflicts that could potentially result in significant costs for the employer.
Normally, collective agreements do not apply either and a CEO is exempt from the rules of the Working Hours Act. However, the Work Environment Act and the Holiday Act also apply to a CEO. In addition, it is particularly important for a CEO to come to an agreement with his or her employer regarding, for example, financial protection in the event of dismissal and entitlement to pension and insurance.
For a CEO of a limited company, the duties are formally set out in the Companies Act. The CEO is primarily expected to take care of the day-to-day management of the company. If other tasks are to be included in the CEOs area of responsibilities, they must be regulated in the employment contract.
Key people are crucial to the success of a company
The CEO is often one of the most important employees in a company, which is why a well-drafted CEO agreement is valuable, not least if the CEO oversteps his or her authority.
Often, the company will want a non-compete clause to be imposed on a CEO in the employment contract. However, such clauses must not be too broad or far-reaching. For example, a non-compete clause could mean that the CEO may not engage in competing activities for a certain period after leaving the company.
The CEO agreement is also important to ensure that the CEO does not abuse the information he/she receives about the company’s activities during the period of employment. Such a confidentiality clause should ensure that information about the employer’s activities is not disclosed after the termination of employment.
Do you need help with employment contracts / CEO agreements?
With a broad legal expertise in labour law, we at Advokatfirman Glimstedt make your working life a little easier.
We want to help our clients do better business by assisting with both a legal and business assessment of, among other things, employment contracts and CEO agreements. We help you feel secure in your role as a business leader!
Our expert lawyers in labour law – Gothenburg and Kungsbacka
Advokatfirman Glimstedt has eleven offices in Sweden and three in the Baltic States. Visit www.glimstedt.se to learn more about our entire business.