Originally held on Monday, May 24, 2021 | 12:00 pm – 1:45 pm
Program Chair & Panel Leader:
Richard B. Friedman
Richard Friedman PLLC
-
If you are an employment law practitioner or an in-house counsel or advise employers or executives on compensation-related matters, you cannot afford to miss this program. An expert panel will cover numerous legal issues and challenges that arise in connection with executive compensation matters and will provide practical tips and tools to enhance your drafting and negotiating skills relating to executive employment agreements.
Topics to be addressed include:
- The impact of #MeToo on executive compensation
- Gender pay disparity in executive compensation
- Recent tax changes
- Use of sustainability metrics
- Pros and cons of mandatory arbitration provisions
- Lump sum versus installment severance payments
- Treatment of equity
- Temporal, geographic, and breadth of restrictive covenants
- Variations of non-disparagement provisions
- Cooperation provisions
Program Fee:
$199 for Members | $299 for NonmembersMembers who are Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2019-2021), In-House/Corporate Counsel, Judges, and attorney members who practice within the Government, Academic or Not-for-Profit sectors attend this program for free.
-
Michael J. Album
Proskauer LLPJeannine McSweeney
Simpson Thacher & Bartlett LLPMarc R. Treviño
Sullivan & Cromwell LLPAndrea K. Wahlquist
Wachtell, Lipton, Rosen & Katz -
12:00 pm – 12:05 pm
Introduction of Panelists12:05 pm – 12:30 pm
Design/Administration of Executive Compensation Plans- COVID Matters-Public Companies
- Impact of COVID on 2020 AIP and In Cycle LTI Awards
- Impact of COVID on 2021 Awards (AIP and LTI Cycles)
- Payout Adjustments Under Plan Terms
- Special bonuses and other discretionary payments
- Proxy Disclosure –Summary Compensation Table
- NEO treatment vs. rank and file
- COVID Matters-Private Equity Cash and Incentive Plan Adjustments
- ESG/Sustainability Metrics
- ISS and Glass Lewis Issues
12:30 pm – 12:45 pm
Diversity Issues- Softer metrics
- Harder metrics
- EEOC Data
- Cost issues
- Disclosure issues
12:45 pm – 1:05 pm
Succession Issues- Disclosure issues
- Planned exits
- Unplanned exits
- Role of Executive Chairman
- Role of the Board
- Indemnity issues/D&O coverage
1:05 pm – 1:25 pm
Frequently Negotiated Monetary Provisions- Base Salary
- Range and manner of computing bonuses
- Rule 409A issues
- Possible inclusion of severance provisions
- Role of Compensation Consultants
- Definition of termination for “cause”
- Non-disparagement provisions
- Dispute resolution forum and governing law
Jeannine McSweeney, Andrea K. Wahlquist
1:25 pm – 1:35 pm
Post-Termination Provisions- Indemnity provisions
- Release provisions
- Change of Control Provisions
Michael J. Album, Andrea K. Wahlquist
1:35 pm – 1:45 pm
LLC and Partnership Compensation Vehicles-Recent Developments- LLC Member Status- When Can A Member Be Expelled?
- Repurchasing Interests of Former Members and Partners.
- Setting Off Amounts Due Partners/Members
Michael J. Album
- COVID Matters-Public Companies
-
New York: 2.0 Professional Practice
New Jersey: 2.1 General
California: 1.5 General
Pennsylvania: 1.5 General
Connecticut: Available to Licensed Attorneys -
Sponsoring Association Committee:
Labor & Employment Law, Katherine A. Greenberg, ChairSponsorship Opportunities are Available! Please Contact:
Angie Avila, Manager, Membership Outreach and Sponsorships | (212) 382-6608 | aavila@nycbar.org