The Obama administration has appointed Kenneth R. Feinberg Compensation Czar; giving him the responsibility of setting the salaries for 175 executives at the nation’s seven largest companies who received government bailout funds.

As one of the main clauses in an executive employment agreement, having the salary set by a government official will affect negotiations for both the employees and employers in these top companies. Many of these corporations are wondering just how far into their executive employment agreements and workings the government intends to intrude upon.

An Executive Employment Agreement is a legal document entered into between an employer and an employee at the commencement of the period of employment and stating the exact nature of their business relationship, specifically what compensation the employee will receive in exchange for specific work performed.

RealDealDocs.com is the online legal document resource preferred by lawyers, deal professionals and entrepreneurs. The powerful search functionality is easy to use which is just one of the reasons 40 of the top 200 law firms in the world use it.

The contracts, agreements and clauses available at RealDealDocs.com are the actual legal documents used by both the smallest of small capital companies as well as Fortune 500 companies alike. RealDealDocs.com helps to cut drafting time in half and provides unprecedented insight into the deal structures of the world’s largest companies. The legal documents may be searched for by category, law firm, parties involved or by the state of the governing law. Visitors can search the extensive RealDealDocs.com database absolutely free and members of the site may also download, copy, edit and print unlimited legal documents for their own personal or business use. Visit RealDealDocs.com for more information, membership options, and free legal document searches.

RealDealDocs.com is a division of Practice Technologies, Inc. the creators of SmartRules.com. SmartRules provides step by step guides to local rules and civil procedure for state courts & federal courts throughout the country.

Popularity: 10% [?]

The online legal document provider, RealDealDocs.com has released a number of Employee Bonus Agreements for the top companies in America including many Fortune 500 companies. These are the actual legal documents drafted by the nation’s top law firms.

Released by RealDealDocs.com in March 2009, the WellCare Health Plans Inc. employee bonus agreement details the terms for a special employee bonus agreement aimed at employee retention for the company. The employee bonus agreement covers certain employees in recognition of their prior contributions and offers an incentive for such individuals to continue to provide services to the health insurance company. The full execution copy of this employee bonus agreement is available on the RealDealDocs.com website.

An employee bonus agreement is a legal document defining the bonus structure for an employee during the term of employment.

RealDealDocs.com is the online legal document resource preferred by lawyers, deal professionals and entrepreneurs. The powerful search functionality is easy to use which is just one of the reasons 40 of the top 200 law firms in the world use it.

The contracts, agreements and clauses available at RealDealDocs.com are the actual legal documents used by both the smallest of small capital companies as well as Fortune 500 companies alike. RealDealDocs.com helps to cut drafting time in half and provides unprecedented insight into the deal structures of the world’s largest companies. The legal documents may be searched for by category, law firm, parties involved or by the state of the governing law. Visitors can search the extensive RealDealDocs.com database absolutely free and members of the site may also download, copy, edit and print unlimited legal documents for their own personal or business use. Visit RealDealDocs.com for more information, membership options, and free legal document searches.

RealDealDocs.com is a division of Practice Technologies, Inc. the creators of SmartRules.com. SmartRules provides step by step guides to local rules and civil procedure for state courts & federal courts throughout the country.

Popularity: 4% [?]

If you are like thousands of other students out there, you are considering getting your MBA or Masters in Business Administration. While we all have our own unique motivations for getting the degree of our choice, the amount of money we’ll be making with our degrees is usually of paramount importance. However, not everyone who earns an MBA can be expected to earn the maximum amount of money available for a number of reasons, such as the amount of prestige attached to a particular school’s MBA program, the type of connections you have once you graduate and the type of business you pursue once you have your degree. Let’s take a look at how all three of these variables influence what you can make with your MBA degree.

According to recent statistics, it really is worth staying in school to get your MBA. Starting salary numbers jump significantly when you have your MBA from approximately $56,000 a year to $76,000 a year. When you extrapolate that five years into the future, the earning gap is even larger, with most MBA students earning well over $100,000. There are a number of things that can influence that earning potential, however.

Almost every major university in North America has an MBA program, but not all MBAs are created equally. Just as there are some schools that specialize in microbiology and others that churn out exceptional surgeons, some schools are better known for having solid MBA programs. You can significantly increase your earning potential by graduating from a school like Harvard that has an established MBA program that is highly respected as opposed to graduating from a school that has just started an MBA program.

As many of you know, the real world is less about what you know and more about who you know. Our professors try to hammer into our heads how important it is to network while we’re in school and when you look at the influence networking has on MBA earning potential, you’ll see why. Many times, things like our resumes, where we graduated in our class and the grades we received on our final exams mean very little if you know someone who can start your career off on the right foot. Perhaps more than any other single factor, who you know can determine how much you will make right out of school with your MBA.

Finally, not all types of companies give the same kind of rewards. Just like social work tends to be the lowest earning degree one can get, if you affiliate yourself with a law firm or another business that rakes in the cash, you will likely find significantly higher earning numbers over the life of your degree. The question that many of us have to ask at one time or another is how happy you’ll be working at the job your MBA earns you. Will the extra cash bring you genuine happiness or will working at a job that helps to make the world a better place be a more significant reward?

Earning potential with your MBA is a major concern that almost every student has, however, putting a price on happiness is something that no one can do.

Click on one of these links to check out sample legal documents drafted by Amlaw 200 Law Firms for Fortune 500 Companies.

Popularity: 15% [?]

Once upon a time…an education guaranteed stability. College was for those high-achieving folks who would later go on to get paid decent to high salaries, own a home, live comfortably. So much for once upon a time. Today, college grads are waiters/waitresses and doctors are puppets to the greedy insurance companies.

Lawyers are taking on employment, like everyone else, where the cost of living has tripled and the pay has remained the same. It has seriously made “the american dream” a faint memory and most people work incredibly hard without being able to make ends meet. Resentful? You bet!

According to Dan Griffin, a prosecutor for the Cook County State Attorney’s Office in Chicago who has taken on a second job at night doing construction, it’s the only way to pay off his $70,000 law school loan, save for a house and have a chance at some future stability.

“I never thought I’d be working this hard as a lawyer,” said Griffin. “I love my job, but the guys I work with on construction, who are union, make more than I do as a lawyer. It’s pretty ridiculous.”

Griffin is part of a growing group of prosecutors and assistant public defenders who are moonlighting to make ends meet.

“More and more people are asking for permission to teach,” said Howard Finkelstein, public defender for Broward County, Fla. “I always give them permission. I want to keep people because turnover is such a huge problem so I have to let them make enough money to feed their families.”

In short, a formal education has become more of a burden than an asset. However, it is one thing that can never be taken away from you. Still, paying it off and trying to survive financially makes you wonder…is it all worth it?

Popularity: 4% [?]