Expatriate (Ex Pat) agreements vary from company to company and from location to location, and are often tailored to the circumstances and specific needs of the executive. Below is a checklist of possible terms to be considered before entering into an Ex Pat employment agreement.
-
Employing Entity
-
Reporting and Authority Within Employing Entity and Parent Company
-
Applicable Law and Venue for Dispute Resolution
-
Durational Term and Renewal
-
Position and Performance Metrics vis-à-vis Employing Entity and Parent Company
-
Compensation, Benefits and Employment Policies of Employing Entity or Parent Company
-
Compensation Equalization
-
Cost of living allowance
-
Tax advice and tax equalization
-
Immigration and visas
-
Relocation and repatriation costs
-
Family education costs
-
Local transportation
-
Safety and security
-
Family home leave
-
-
No-Fault Separation from Service
-
Good reason, including legal impediments to working and family urgency
-
Disability or death
-
-
Procedures and Benefits Regarding No-Fault Separation
-
Warning and opportunity to cure
-
Severance and repatriation
-
-
Severance Terms
-
Base, bonuses, equity and deferred compensation
-
Accelerated vesting, extended exercise
-
Continued benefits
-
Relief from restrictions
-
Transition services
-
Repatriation
-