If I work for a non-profit organization , what can I do if the CEO will not honor my employment contract?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
If I work for a non-profit organization , what can I do if the CEO will not honor my employment contract?
The business is legally registered in the U.S. and operates overseas. I was appointed CEO a year ago, with a 3 year fix term contract. The organization was nearly bankrupt and I was brought in to turn things around. Subsequently, we had a record performance for the year; the best financial performance in over a decade. Revenue increases, cost containment and focus helped us achieve a significant positive balance. My contract includes a 25% performance bonus based on net revenue which is then split on 3 set of KPI’s. The current CEO refuses to honor the contract that was signed by the previous Chairman without any explanations. What recourse do I have?
Asked on January 23, 2016 under Employment Labor Law, California
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 8 years ago | Contributor
You can sue them to enforce the contract: when one party to a contract breaches it, the non-breaching party can sue for the money he or she should have received. However, if they don't have a local presence--not merely registration, but actual assets or operations within your state--then collecting may be problematic. You are advised to bring the contract with you to an attorney to review the situation: first, the lawyer needs to review the exact contractual language, because contracts are governed by their precise language; and second, he needs to look into the jurisdictional (where to sue) issue. But at a basic level, you can legally enforce a contract, so it's worth speaking to an attorney about this.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.