News & Analysis as of

Bonuses Vesting

Rivkin Radler LLP

New York’s Tax Treatment of Compensatory Restricted Stock and Dividends in the Hands of a Nonresident Executive

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As far back as I can remember, the end of August has always elicited a sense of dread comparable to what many schoolchildren, and a fair number of adults, experience every Sunday afternoon. In retrospect, I cannot say that...more

Bond Schoeneck & King PLLC

Updates to the Healthcare Worker Bonus Program

The third vesting period for the Healthcare Worker Bonus (HWB) Program closed on March 31, 2023. Employers of eligible workers should now submit claims for the third vesting period through the HWB portal by May 1, 2023. This...more

Harris Beach PLLC

Healthcare Worker Bonus Program Portal Opening Extended for Vesting Periods 1 & 2

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The New York Department of Health (DOH) announced on October 31st it was extending the deadline for claim submissions on the Healthcare Worker Bonus (HWB) Portal until November 30. While DOH notes claims submitted after...more

Bond Schoeneck & King PLLC

Healthcare Worker Bonus (HWB) Program – Extension of October 31st Submission Deadline

Just after 5 p.m. on Oct. 31, 2022, the final day for submitting claims for Vesting Periods 1 and 2, the New York State Department of Health (DOH) quietly announced via email that the HWB Portal would remain open to claims...more

Bond Schoeneck & King PLLC

Health Care Worker Bonus Program: New York State Education Department Announces Opening of Healthcare Worker Bonus Portal to...

On Oct. 11, 2022, the New York State Education Department (NYSED) announced that the Health Care and Mental Hygiene Worker Bonus program (HWB) now is open to educational institutions....more

Littler

New York Department of Health Extends Deadline and Issues Additional Guidance for Health Care Worker Bonus Program

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In early August, the New York State Department of Health (DOH) announced and opened the New York Health Care Worker Bonus (HWB) Program, which provides $1.2 billion dollars in health care worker bonuses to eligible employees....more

Holland & Hart - The Benefits Dial

Walk this way…to avoid the pitfalls of ERISA

Companies implement bonus plans to meet a variety of business objectives: retention, specific company business goals, change of control, and others. In designing bonus plans, there are a variety of legal fields that must be...more

Bennett Jones LLP

Plain Language in Bonus Plan Prevails: No Employment, No Vesting, No Bonus

Bennett Jones LLP on

In positive news for employers, in Styles v Alberta Investment Management Corporation, 2017 ABCA 1 [Styles], the Alberta Court of Appeal (ABCA) affirmed that an employee who does not meet a clear and well drafted condition of...more

Orrick, Herrington & Sutcliffe LLP

IRS Limits Correction Opportunities under Section 409A Proposed Income Inclusion Regulations and Imposes 20% Penalty

In Chief Counsel Advice 201518013 (May 1, 2015) (the "CCA"), the IRS addresses an executive retention bonus that originally vested after three years and was payable in equal installments on the first two anniversaries of the...more

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