Losing a job may terminate a worker's only source of income and important benefits, such as heath care. Some workers, especially those in senior positions, may be offered a severance package with continued payment of salary for a time, stock options, job-search assistance and other benefits. When employment contracts may not contain the terms of these packages, employers may offer severance agreements which contain employee benefits in return for the surrender of important rights.
An employment contract can govern a medical practitioner's career and professional life for many years. There are numerous tips for negotiating employment contracts for medical professionals. First, the offer of employment and potential employer should be carefully considered. All positive and negative aspects of the offer and the employer are important. One positive or negative matter should not disqualify the employer or seal the deal.
Non-disclosure agreements have appeared in news reports on political scandals and sexual misconduct. NDA agreements are also being used with more frequency in employment contracts and may pose problems for employees. A NDA, or confidentiality agreement, is a legally-binding contract that prohibits the signer from disclosing sensitive information. Substantial financial penalties, as high as $25,000 to $750,000, may be imposed for each breach of these contracts.