Deferred Compensation involves a specialized knowledge of a mixture of tax law and employee benefits law. Within our tax group we have the expertise to tackle basic to complex deferred compensation plan designs and to advise on compliance.
Employee benefits and executive compensation packages are essential for employers to attract and retain talented employees. Our tax and ERISA lawyers provide advice and counsel to ensure the best solution to any deferred compensation issue.
Our clients include employers of all sizes and types (ranging from small charities to large public and private businesses). Whether it is advising on establishing an equity program or modifying the rabbi trust used as a funding vehicle for a 401(k) spillover plan, our attorneys work together to ensure that our clients are protected.
Our clients also include individuals, often executives needing guidance and advice on their employment/severance/retention agreements. Whether advising on a departing executive’s benefits, including her bonuses and stock options, or tailoring an employment agreement that provides deferred compensation, our attorneys work together to give our clients the assistance they need.
Our lawyers help design, draft, and administer all types of deferred compensation arrangements, such as qualified plans, severance programs, equity compensation arrangements (stock appreciation rights, phantom stock plans, stock options, etc.), bonus programs, and incentive pay plans. We routinely assist clients with establishing and operating deferred compensation plans, and with fixing the inevitable administrative mistakes.