Show notes
Gretchen Lennon, founder of Lennon Legal, joins Evgeny Shadchnev to discuss key legal aspects of CEO succession.We explore the importance of obtaining independent legal advice, understanding good and bad leaver provisions, negotiating settlement agreements, the potential tax implications tied to shares and share options, and more.Timestamps00:00 Introduction02:31 Hypothetical CEO Resignation05:06 Unfair Dismissal08:12 Shares, Options and Taxes16:36 Getting Legal and Tax Advice18:37 Negotiating Settlement Agreements21:59 Post-Termination Restrictions26:42 Staying with the Business as an ex-CEO32:16 Rebalancing the Cap Table37:21 Anti-embarrassment Provisions40:18 Renegotiating the SHA and the Articles42:58 The Reasons to Start Preparing Early47:15 LennonLegal.com48:03 Final Thoughts and Key TakeawaysGet in touch with Gretchen Lennon at [email protected] to get legal advice tailored to your situation.Find our more about Evgeny's work as a CEO coach at www.evgeny.coach.Startup CEO Succession: a Founder's Guide to Leadership Transition is out now. Get your copy on Amazon. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit substack.evgeny.coach
