Having to renegotiate compensation package soon and need some thoughts/ideas on what to ask for. Increased salary? Bonuses for sale? I am company’s first and only GC. Been there almost a year. In process of completing big M&A deal and company could sell within year as a result. Came to company from litigation background Bc I knew their business. Not sure if potential buyers would still want to employ me or if there are other potential implications I’m missing. Thank you in advance!

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U have a change in control clause in your contract? Sounds as if you might need one

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1 year severance if you get fired within first 12 months of sale. Ask for bonus for sale or some equity. Up the base if you can given the sellers are less likely to push back on it since it would be the buyer’s problem.

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Second the above.

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Agree with the above, though don’t get a salary so high you’re an easy target for layoff.

I would ask for change in control clause, equity, and then salary. Be willing to give on salary if necessary. If you survive a merger/acquisition, you can always ask for more salary later. I’m not saying ignore salary, just be sure to think long term here. Getting another GC job isn’t always easy and sometimes required a national search.

What about your budget? Do you have what you need? Headcount for your team?

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Look at Barker Gilmore's reports and webinars. They are helpful to benchmark. Agree with advice re acceleration of severance (incl payment of cobra premia) if termed w/i 12 mos of CIC.

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If you’re in the process of completing an M&A deal and you’re integral to its successful completion ask for a deal bonus but more importantly if they’re going to sell ask for an equity refresh and make sure all equity vests immediately upon sale.

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I am critical to it as I am the only one doing all the paperwork. This is also a niche industry, so am hopeful I will continue to stay given most buyers are looking for successful platform. Bottom line though, without me, it doesn’t get done. Don’t want to be greedy, but also want it to be fair given I left a job for this company (wasn’t looking for job) and I am probably at my most marketable point 4th year). So if it sells, I would certainly like to have some stake in it that is more lucrative than the parachute payment if possible.

I've never seen a post get so much helpful advice!

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Who are you negotiating with? Are not all execs aligned with you?

All of these responses are outstanding! Thank you very, very much for all of the great feedback!

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