How To Fire An Executive

Planning and Implementing an executive’s “removal” presents a number of practical issues that require careful attention, writes Dechert attorney Charles Wynn-Evans, head of the firm’s employment practice in London. He explains why a negotiated severance agreement can be preferable to dismissal and what it should address –  including money and benefits, restrictive covenants, confidentiality and “bad-mouthing” provisions, and whether there will be a period of “garden leave” – and why orderly and consistent communication, both internally and externally, is in the interest of all parties.