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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