DeAngelis Legal prepared a comprehensive employment agreement with change in control provisions for this Scottsdale based business.  For closely held companies, guaranteeing compensation upon a change in control or sale of the business is better than giving key employees equity in the entity.  The benefits of this structure are (a) the employee does not have to come up with cash to buy-in, (b) the equity stake does not need to be re-purchased upon an adverse event such as death, divorce, bankruptcy or resignation, (c) the owner does not relinquish control, (d) the terms can be flexible and incorporate vesting schedules or performance targets, and (d) the employee can benefit from the sale of the business.  DeAngelis Legal reviewed alternatives with the owner of the business and drafted the agreement in accordance with the owner’s preferences.