Transition relief for amending nonqualified deferred compensation (NQDC) plans to reflect the 2017 amendments to Section 162(m) of the Internal Revenue Code will expire on December 31, 2020. ...more
On January 29, 2020, Skadden hosted the webinar “Key Trends in Executive Compensation, Employment Law and Compensation Committee Practices” presented by panelists Michael Bergmann, Executive Compensation and Benefits counsel;...more
2/11/2020
/ #MeToo ,
Compensation & Benefits ,
Contract Terms ,
Corporate Governance ,
Disclosure Requirements ,
Employment Litigation ,
Executive Compensation ,
Gender-Based Pay Discrimination ,
Glass Lewis ,
Institutional Shareholder Services (ISS) ,
Internal Revenue Code (IRC) ,
IRS ,
Merger Agreements ,
Pay Gap ,
Pay Ratio ,
Pay Transparency ,
Pre-Employment Agreements ,
Proxy Advisors ,
Publicly-Traded Companies ,
Regulatory Requirements ,
Section 162(m) ,
Securities and Exchange Commission (SEC) ,
Sexual Harassment ,
Tax Deductions
In an unexpected development, on June 21, 2016, the IRS issued proposed regulations that clarify and modify the final regulations issued in 2007 and the proposed income inclusion regulations issued in 2008. In many cases,...more
7/5/2016
/ Beneficiaries ,
Death Benefits ,
Deferred Compensation ,
Employee Benefits ,
Executive Compensation ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Restricted Stocks ,
Section 409A ,
Severance Agreements ,
Vesting
On June 22, 2016, the IRS published much-anticipated proposed regulations under Internal Revenue Code Section 457 impacting certain plans maintained by state or local governments or other tax-exempt organizations that provide...more
6/27/2016
/ Deferred Compensation ,
Employee Benefits ,
Forfeiture ,
IRS ,
Non-Compete Agreements ,
Retirement Plan ,
Section 409A ,
Section 457(f) ,
Severance Agreements ,
State and Local Government ,
Tax Exempt Entities
On April 6, 2016, the Department of Labor (DOL) issued a widely anticipated final regulation that redefines who is a “fiduciary” of certain employee benefit and other plans for purposes of the Employee Retirement Income...more
4/26/2016
/ 401k ,
Administrative Exemption ,
Best Interest Contract Exemptions ,
Broker-Dealer ,
Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
Fiduciary Duty ,
Individual Retirement Account (IRA) ,
Internal Revenue Code (IRC) ,
Investment Adviser ,
IRS ,
Retirement Plan
Since the adoption of Section 409A of the Internal Revenue Code, employers and practitioners have wondered when and how the IRS would enforce it. With the recent IRS announcement of an audit initiative with respect to Section...more
On April 1, 2013, the Internal Revenue Service issued proposed regulations providing guidance on the $500,000 deduction limit for compensation paid by certain health insurance companies to their employees. Because of the...more