Executive Compensation
Retaining seasoned managers and attracting new executives from the top of the talent pool has become a challenge for both public and private employers. Well-crafted executive compensation programs have become a critical component of the process. Executive compensation includes stock arrangements, nonqualified deferred compensation, "rabbi" trusts, supplemental executive retirement plans (SERPs), change in control/severance arrangements and plans for tax-exempt employers and governmental agencies (Code section 457 plans).
We work with employers to maximize the effectiveness of their executive compensation by:
- Addressing the complex new requirements of Section 409A.
- Evaluating different forms of executive benefits; a nonqualified plan may not always the best solution.
- Structuring plans for Top Hat and non Top Hat employees.
- Addressing and avoiding Section 280G "golden parachute" penalties.
- Addressing reasonable compensation concerns for corporate governance and deductibility.