Is insubordination language in CEO contracts enforceable when CEO also is also a shareholder in the company?
we are foreign held private equity owned and cash strapped due to poor decisions by parent company and owners
Attorney Answers
2
Barbara Berschler ·
There is not enough information to provide thoughts on your issue. However, it sounds complicated and it would be best to consult with local business counsel to see what is going on with the parent entity and how it can impact your company. IT sounds like you may be the CEO of the US company owned by the foreign entity. Did you have any employment agreement with your own entity or that of the parent? Your rights as a shareholder are different from your rights as an employee. Best to consult your own counsel.
0 upvotes
Wcameron Parsons ·
Given the facts you present, the short answer is yes the subordination provision in the CEO contract is enforceable.
0 upvotes
Browse by Practice Area
Litigation
203,509 attorneys
Real Estate
156,159 attorneys
Personal Injury
149,024 attorneys
Criminal Defense
99,634 attorneys
Family Law
95,894 attorneys
General Practice
90,854 attorneys
Business Law
84,818 attorneys
Business
82,448 attorneys
Criminal Law
72,552 attorneys
Intellectual Property
61,381 attorneys