Employment Agreements and Executive Compensation

  • We advise on all aspects of the employment relationship, from recruitment and employment agreement terms to remuneration packages. Our market-leading employment team's expertise includes advising on:

     

    • The preparation and negotiation of employment contracts, from standard form documents to bespoke contracts for senior officers
    • Severance agreements
    • Executive remuneration
    • Corporate governance
    • Secondments of foreign employees to Israeli subsidiaries (including visa and tax issues)
    • Consulting agreements
    • Non-competition and non-solicitation covenants, confidentiality agreements and their enforceability

     

    We also represent many international businesses and have substantial transactional experience adapting their employment agreements, HR policies and staff hand books to comply with Israeli law and regulations.

    • Representing Flying Cargo, the local franchisee of FedEx, in a variety of matters, including the following:

     

    (i) claims filed by courier employees claiming entitlement to overtime.  This claim was opposed on the ground that as employees whose activities were largely unsupervised, the relevant statutory overtime obligation did not apply to them;

    (ii) opposing claims filed by courier employees that a general extension order governing the transportation services sector should apply to them; and

    (iii) claims by self-employed contractors that they should be treated as employees for the purpose of benefits due to them upon termination of the relationship

     

    • Providing on-going advice to Photomedex Inc & Radiancy (Israel) Ltd., including the drafting of addenda to employee benefit plans and advising in relation to shares and options granted to Israeli employees
    • Advising Ladbrokes plc regarding its employee benefit plan, including the drafting of an addendum in order that the benefit plan would comply with the requirements of the Israeli Income Tax Ordinance
    • Providing on-going advice to a number of major companies regarding various employee benefit plans, including Morgan Stanley, Johnson & Johnson, UBS and Assa Abloy AB
    • Advice to the Final Group and to Rakuten, one of the world's largest e-commerce providers, regarding the preparation of custom incentive plans for employees
    • Negotiating termination agreements, severance benefits and employee reassignments on behalf of international corporations closing down their business activities in Israel
    • Advising Pace Plc and Vered International Inc. regarding the issuance of options to employees, including the drafting of an addendum in order that the benefit plan would comply with the requirements of the Israeli Income Tax Ordinance