Practice Groups
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Executive Compensation
Representative Engagements
 
 
 
 

Attorneys in our Executive Compensation Group work with employers to design arrangements that will attract and retain executives in a rapidly changing environment for business.  We develop innovative plan designs and funding arrangements for employers and service providers and ensure that these arrangements are in compliance with tax, ERISA and securities law requirements.  In the last few years, we have:

 
     
 

Helped two prominent public companies address major tax exposure raised by IRS examination of alleged stock option "backdating."

 

Assisted large technology company implement a program whereby underwater options could be exchanged for cash payments and obtained an IRS ruling on the program.

   

Advised the affiliate of a bankrupt company on structuring a settlement with several of its former executives and directors over their nonqualified retirement plan benefits.

 

Helped design a new broad-based restricted stock unit program to be implemented by a public company in place of its stock option program.

   

Assisted an NYSE company with equity compensation, nonqualified retirement plan, and retention issues as it prepared to spin-off a major portion of its business in an IPO.

   

Redesigned the terms of a broad-based forgivable loan program maintained by a large financial institution.

 
     
 

Compensating Executives After A High Profile Bankruptcy Filing
While in the midst of a high profile Chapter 11 bankruptcy filing, a major NASDAQ company turned to us for assistance in establishing new equity and executive compensation arrangements.  Our client faced severe restrictions on the design of the new arrangements resulting from the bankruptcy as well as intense scrutiny of its executive compensation practices from many interested parties.

Attorneys in our group worked with the client's in-house counsel and human resources personnel on the relevant tax, ERISA, and securities law issues as the company established and began to administer new restricted stock unit, deferred compensation, and severance plans for its executives.  We also helped the company implement an innovative director stock compensation plan and a new broad-based employee stock purchase plan.

 
     
 
 
 
 
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