Executive Transition and Exit Compensation Agreement
Support a criminal justice reform nonprofit with drafting of a reasonable transition and exit compensation agreement.
Referred by:
DC Justice Lab, a nonprofit organization working to transform the criminal legal system in Washington, D.C., is seeking legal support to prepare for the planned departure of its founder and current executive director. The founder is leaving on good terms and expects to co-lead the organization with the new ED for a period of time. The Board is seeking assistance drafting a transition and exit compensation agreement that redefines the founder’s role during the transition period and ensures the proposed compensation aligns with IRS standards for reasonableness. The organization would also appreciate help in drafting appropriate documentation to justify the compensation, both for current decision-making and future compliance.