Snell & Wilmer Benefits

JANUARY 30, 2023

For ISO exercises and ESPP transfers occurring in 2022, the Section 6039 employee information statement requirement is satisfied by providing Form 3921 (for ISOs) and Form 3922 (for ESPPs) to employees no later than January 31, 2023.

Electronics 52

Electronics Employment Executive Compensation Employee Benefits 52

Proskauer's Employee Benefits & Executive Compensa

JANUARY 9, 2024

This update makes several changes to how the proxy advisory firm will evaluate company policies related to executive compensation. Institutional Shareholder Services (“ISS”) also released updates to its voting policies for 2024, including new and updated responses to its Compensation Policies FAQ.

Executive Compensation 59

Executive Compensation Bonuses Utilities Employee Benefits 59

Employee Benefits

JULY 25, 2024

She has more than 20 years of experience as a labour and employment attorney, supporting human resources in litigation and dispute management , labour relations, employee benefits, and executive compensation. Amend worked as a member of Dana’s Law Department from 1998 to 2006.

Human Resources 59

Human Resources Executive Compensation Manufacturing Employee Benefits 59

McDermott Will & Emery Employee Benefits

JUNE 15, 2023

The US Securities and Exchange Commission (SEC) recently approved amendments to clawback policy listing standards proposed by the New York Stock Exchange (NYSE) and the Nasdaq Stock Market LLC (Nasdaq) that extend the effective date of the exchanges’ respective listing standards to October 2, 2023.

Commissions 98

Commissions Employee Benefits Executive Compensation 98

Proskauer's Employee Benefits & Executive Compensa

JULY 7, 2023

Companies are required to comply with the new Item 402(x) disclosures in their Form 10-K (or proxy statement incorporated by referenced into the Form 10-K) for the first filing that covers the first full fiscal period that begins on or after April 1, 2023, and for smaller reporting companies, this date is October 1, 2023. [1]

Government 111

Government Incentive Compensation Executive Compensation IT 111

Proskauer's Employee Benefits & Executive Compensa

AUGUST 20, 2021

ROB PROJANSKY : Hello and welcome to Proskauer Benefits Brief, Legal Insights on Employee Benefits and Executive Compensation. Additional groups of priority plans will be able to apply over the course of the next 18 months or so, and all eligible plans will be able to apply by March 2023. Listen to the podcast. .

Pension 98

Pension Pension Benefit Employment Executive Compensation 98

Snell & Wilmer Benefits

JANUARY 30, 2023

For ISO exercises and ESPP transfers occurring in 2022, the Section 6039 employee information statement requirement is satisfied by providing Form 3921 (for ISOs) and Form 3922 (for ESPPs) to employees no later than January 31, 2023.

Electronics 40

Electronics Employment Executive Compensation Employee Benefits 40

Benefits Notes

AUGUST 29, 2023

In response to these concerns, the IRS issued Notice 2023-62 on August 25, 2023. In addition to providing a preview of future guidance, Notice 2023-62 also requests comments on whether future guidance should address plans that allow catch-up contributions, but do not include a qualified Roth contribution program.

401(k) 52

401(k) Retirement Plan Executive Compensation Taxes 52

Proskauer's Employee Benefits & Executive Compensa

JANUARY 31, 2023

Act of 2022 (“ SECURE 2.0 ”) that was signed into law on December 29, 2022 as part of the 2023 Consolidated Appropriations Act includes a slew of changes for retirement plan sponsors and employers. please see our other blog posts or contact a member of Proskauer’s Employee Benefits and Executive Compensation group.

Pension 40

Pension Executive Compensation Retirement Plan Employment 40

Snell & Wilmer Benefits

JUNE 8, 2023

The clawback rules were published in the Federal Register on November 28, 2022 and become effective January 27, 2023. For both the NYSE and Nasdaq, the effective date of the proposed rules will be October 2, 2023.

Commissions 52

Commissions Consulting Executive Compensation Employee Benefits 52

McDermott Will & Emery Employee Benefits

MAY 19, 2023

The new compliance focus on executive compensation, as announced by the US Department of Justice (DOJ) on March 3, 2023, has significant implications for how healthcare organizations address both corporate compliance and compensation programs for their executives.

Executive Compensation 94

Executive Compensation Healthcare Employee Benefits Commissions 94

Snell & Wilmer Benefits

JANUARY 25, 2024

For ISO exercises and ESPP transfers occurring in 2023, the Section 6039 employee information statement requirement is satisfied by providing Form 3921 (for ISOs) and Form 3922 (for ESPPs) to employees no later than January 31, 2024.

Electronics 52

Electronics Employment Executive Compensation 52

Proskauer's Employee Benefits & Executive Compensa

MAY 23, 2023

The Tax Court’s May 3, 2023, decision in ES NPA Holding, LLC v. Commissioner (T.C.

Taxes 52

Taxes Incentive Compensation Executive Compensation IT 52

Snell & Wilmer Benefits

NOVEMBER 30, 2023

I previously blogged about the New York Stock Exchange and Nasdaq listing standards that require issuers to adopt compliant clawback policies by December 1, 2023.

Incentive Compensation 52

Incentive Compensation Executive Compensation Management IT 52

Proskauer's Employee Benefits & Executive Compensa

SEPTEMBER 19, 2023

On September 1, 2023, California Governor Gavin Newsom signed Senate Bill 699 , which amends California Business & Professions Code Section 16600 to prohibit an employer from entering into or attempting to enforce a non-compete agreement regardless of whether the contract was signed outside of California.

Employment 52

Employment Executive Compensation IT 52

Snell & Wilmer Benefits

FEBRUARY 21, 2023

On February 9, 2023, the U.S. Court of Appeals for the Tenth Circuit refused to enforce an arbitration clause contained in an employee stock ownership plan (“ESOP”) document.

Executive Compensation 52

Executive Compensation Employment Management Employee Benefits 52

Empuls

SEPTEMBER 20, 2024

This approach led to a steady growth in WPL’s profit-sharing pool, which reached over $150,000 in September 2023, with expectations of hitting $200,000 by year-end. These changes coincide with ongoing discussions among banking regulators to tighten executive compensation rules.

Employee Incentives 52

Employee Incentives Profit Sharing Plan Bonuses Salary 52

HR Digest

NOVEMBER 9, 2023

As 2023 draws to a close and companies begin to settle on the wages and hikes for the next year, the question of how to create an equitable compensation system might flash in everyone’s mind—if briefly. The Mercer QuickPulse US Compensation Planning Survey of August 2023 found that employers are planning a 3.9

Compensation System 52

Compensation System Family and Medical Leave Act Salary Parental Leave 52

Snell & Wilmer Benefits

FEBRUARY 21, 2023

On February 9, 2023, the U.S. Court of Appeals for the Tenth Circuit refused to enforce an arbitration clause contained in an employee stock ownership plan (“ESOP”) document.

Executive Compensation 40

Executive Compensation Employment Management Employee Benefits 40

Employee Benefits

JANUARY 26, 2024

This is driven by the adoption of environmental and climate metrics, which has risen from 21% in 2020 to 56% in 2023. In Canada, this is due to employers adding environmental and climate metrics to their L-tips, while 70% in both countries include at least one human capital metric in their executive incentive plans.

Employment 59

Employment Executive Compensation Government Employee Benefits 59

Proskauer's Employee Benefits & Executive Compensa

MARCH 23, 2023

Although these final rules generally became effective on January 30, 2023, they are currently being challenged both in the courts and in Congress. Listen to the podcast Tanusha Yarlagadda: Hello and welcome to The Proskauer Benefits Brief: Legal Insights on Employee Benefits and Executive Compensation. Adam Scoll: Yes.

401(k) 104

401(k) Executive Compensation Government Management 104

Proskauer's Employee Benefits & Executive Compensa

JANUARY 6, 2023

On January 5, 2023, the Federal Trade Commission (“FTC”) proposed an expansive new rule which would impose a near-complete ban on the use of noncompetes (the “Proposed Rule”) by employers.

Commissions 52

Commissions Manufacturing Employment Executive Compensation 52