Employment

[Mr. lns.]

My employeer is entering into a merger with
a much larger insurance agency, I have been
employed for over 20 years and have no non-
compete clause or formal employment agreement.
I am concerned about the new owners requiring
employemnt agreement and non-compete conditions that will be not to my advantage.
What can I include in any negotiations that
may take place to protect my interest. Can
I include provisions that may allow me to
leave after a given period if I find the new
employeer is not satisfactory and I would be
able to retain my business and not have a non
compete condition to hamper my continued
business.

 

[ALawyer]

If you are a big producer, now is the time to get some advice from a lawyer or employment expert. What is the total new package you will be offered? What rights are vested? What is the proposed term of the non-compete? Who "owns the business or renewals"? What state are you in and how does it treat non-competes?

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