Executive Compensation and Benefits Services
The main purpose of this type of compensation package is to help attract and retain highly skilled executives in top roles within a company. A good executive compensation plan is one that aligns with the overall goals and values of the company as well as the goals and values of the executive.
The executive compensation, employment, and benefits lawyers at Tully Rinckey, PLLC have many years of experience helping clients plan, negotiate, and enforce their executive compensation packages. Executive benefit plans encompass so much more than salary, vacation time, and health benefits. Executive compensation plans are very technical documents that can include stock options, retirement provisions, non-compete agreements, and much more.
The highly accomplished New York State labor and employment attorneys at Tully Rinckey are ready to help executives review, negotiate, or enforce the following:
- Executive employment agreements,
- Equity compensation plans,
- Severance agreements,
- Deferred compensation plans,
- Change-in-control agreements,
- Long- and short-term cash incentive plans,
- Executive life insurance programs,
- Employee stock purchase plans.
Executive Compensation Laws & Regulations
There is a lot to be considered when crafting an executive compensation package. Most importantly, the rules and regulations that govern executive compensation and benefits must be strictly adhered to in order to avoid possible invalidities, penalties, or fines. Examples of laws that pertain to executive compensation and benefits include:
- The Securities Act of 1933
- The Securities and Exchange Act of 1934
- The Internal Revenue Code
- The Employee Retirement Income Security Act of 1974
- The Dodd-Frank Act
Adherence to these laws is overseen by several government agencies, including the Internal Revenue Service (IRS), the U.S. Department of Labor (DOL), the Department of the Treasury, and the Securities and Exchange Commission (SEC).
