While the news cycle in the world of sports is ever changing, a few occurrences in the past several years deserve further discussion in the executive compensation community – Shohei Ohtani’s deferral of $680 million in salary...more
As we have discussed in prior client alerts (U.S. Department of Labor Issues Guidance on Employee Benefits and COVID-19 Outbreak and How the Anticipated End of the COVID-19 National Emergency Impacts Employer-Sponsored Health...more
On June 24, 2022, in Dobbs v. Jackson Women’s Health Org., 2022 WL 2276808 (June 24, 2022), the U.S. Supreme Court overruled Roe v. Wade 410 U.S. 113 (1973) and Planned Parenthood of Southeastern Pennsylvania v. Casey 505...more
Bond employee benefits and executive compensation attorney Daniel J. Nugent discusses potential employee benefits issues that might arise in the aftermath of the U.S. Supreme Court decision in Dobbs v. Jackson Women’s Health...more
President Biden once again continued the National Emergency Concerning the COVID-19 Pandemic (National Emergency) on February 18. The National Emergency had been set to expire on March 1. Pursuant to the notice issued by...more
On June 17, 2021, the Supreme Court of the United States struck down a lawsuit challenging the constitutionality of the Patient Protection and Affordable Care Act (ACA) for the third time. The ACA is a comprehensive...more
Our previous information memo discussed several issues that employers should be aware of when considering whether to provide an incentive to employees to encourage them to receive the COVID-19 vaccine. On May 28, 2021, the...more
Many employers are grappling with the decision of whether to provide an incentive (e.g., a cash payment, other form of financial incentive or increased time off) to employees to encourage them to receive the COVID-19 vaccine....more
Former President Trump signed the Consolidated Appropriations Act, 2021 (the Act) into law on Dec. 27, 2020. The Act contains multiple provisions impacting employee benefits. Our information memo summarized the COVID-19 and...more
On June 12, 2020 the U.S. Department of Health and Human Services (HHS) issued a revised final regulation (2020 Rule) implementing Section 1557 of the Affordable Care Act (ACA) to be effective August 18, 2020. The 2020 Rule...more
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (Act) into law, which includes multiple provisions providing relief for both businesses and individuals amid the coronavirus...more
Earlier today, the House of Representatives passed and President Trump signed the Coronavirus Aid, Relief and Economic Security Act or the CARES Act (the Act). The Act provides certain relief for businesses and individuals...more
Unfortunately, in response to the COVID-19 pandemic and associated economic downturn, many employers may be forced to reduce the hours of, or terminate, large segments of their workforces....more
The Tax Cuts and Jobs Act (signed into law in late 2017) added Section 4960 to the Internal Revenue Code (“Code”). Code Section 4960 imposes an excise tax (currently 21 percent) on certain excess executive compensation paid...more