When an executive signs a multimillion-dollar contract, the executive gets acknowledgment of the work they put into the deal.

FORBES: Thank Your Administrative Professionals. Repeat. And Again.

In August, the executive awarded a contract to build three vessels for the executive to a Polish yard claiming that European competition laws prevented them from giving "preferential treatment" to a Scottish shipyard.

BBC: NEWS | UK | Scotland | Shipyard in new contract bid row

While this list is not exhaustive, it will get you on the road to creating a workable and responsible contract with your new executive.

FORBES: 5 Must-Haves in an Executive Director's Employment Agreement