Regardless of an employers size, designing and implementing an effective executive compensation package can present challenges as well as opportunities. With careful attention, every employer can seize upon a number of available retirement and severance package designs to provide an appropriate mix of incentives and rewards to executive-level employees.
Butzel Long attorneys specializing in employee benefits work with their clients to help ensure that each one has the ability to optimize tax benefits for the employer and employee alike, without breaching the laws regarding the deferral of compensation. Our professionals also assist their clients in drafting and implementing compensation packages that provide equity incentives to align executive interests and shareholders interests. All aspects of short and long term compensation programs are coordinated to ensure compliance with legislative and regulatory environment and corporate best governance practices, including the funding, design, administration, participant and shareholder communications and distribution of benefits.
We are routinely involved in design, drafting and compliance issues involving numerous executive compensation arrangements, including deferred compensation programs rabbi trusts, supplemental and excess benefit retirement plans bonus incentive programs providing current or deferred compensation phantom stock plans executive insurance based programs incentive stock option plans and nonqualified stock option plans early retirement incentive programs and executive severance arrangements, including golden parachutes.