Kelley Drye Corporate Partner Quoted on CTO Contract Negotiations
May 7, 2002

An article in InfoWorld, a computer technology business news website, featured an interview with partner Joseph B. Hoffman, who offered insight on the subject of Chief Technology Officer (CTO) employment contract negotiations. The article outlines issues that may arise such as indemnification, termination and expiration, and offers advice on contract protection to ensure proper compensation in case of a company bankruptcy or change of control.

Mr. Hoffman also gave his views on the finer points of executive employment contracts in an on-line panel discussion on InfoWorld.com, including the company’s ability to pay deferred compensation, and noncompete clauses.