KARLEN, STOLZAR & REIMANN, LLP
WHITE PLAINS PLAZA
ONE NORTH BROADWAY, SUITE 509
WHITE PLAINS, NEW YORK 10601
P) 914.949.4600
F) 914.931.7006
Agreements for and Relating to Personal Services
We help our clients understand just how far they can and should go in negotiations with and hiring or retaining a key person. Then, instead of becoming entrenched in positions, we focus the client on strategies such as performance bonuses, deferred compensation and stock appreciation rights (phantom stock), which carry with them requirements that an employee remain with the company. Click here to read "Phantom Stock Can Provide Real Benefits".
We regularly draft agreements that prohibit current and departed employees from disclosing trade secrets or other confidential information to others and give the company ownership of inventions developed by the employee. We help our clients traverse the minefield created by the confluence of twenty-first century technology and mobility coupled with courts’ refusal to enforce such agreements if they are overly-restrictive or anti-competitive. The key factor is to counsel with the client to articulate restrictions are reasonably necessary to protect the employer’s legitimate business interests, e.g., customer retention, without unduly preventing the departed employee from earning a living. Click here to read "Non-Compete Agreement: Protective Fortress or Minefield?".
Mutsumi Oishi
FRP Services & Company (America) Inc.
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Paul Elliot, Managing Member
ELCO Management Company,
LLC
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