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Austin: Chapter Lunch Meeting

February 22, 2018

11:30 AM


Event Contact

Kimberly Steele
austin@naspp.com
 
Join us for a presentation on key considerations for stock plans in the upcoming proxy season.

Event Details

New Compensation Design Considerations for the Upcoming Proxy Season

The purpose of this seminar is to discuss and highlight various NEW compensation design considerations for the upcoming proxy season, including:

  • New flexibility afforded to issuers due to the elimination of the performance-based exception to the $1mm deduction limitation under Section 162(m) and possible amendments to annual and long-term incentive plans in accomplish the same;
  • New pay-for-performance methodology set forth by ISS (i.e., six new financial metrics) and the likely (hopefully) impact on TSR designs;
  • Considerations with respect to a possible new minimum supplemental withholding rate; (iv) new positions/pronouncements from ISS;
  • The impact of the recent Delaware Supreme Court case on director compensation that, in order to obtain the benefit of the “business judgment rule” post Seinfeld and Calma, self-executing awards must have been approved by the stockholders;
  • Changes to severance plan designs due to the expansion of “who” is a covered employee otherwise subject to the $1mm compensatory deduction limitation; and
  • A few ideas for issuers to maintain the deductibility of its compensation awards.

Speaker Information

Anthony "Tony" Eppert, Partner, Andrews Kurth Kenyon LLP

Tony's legal practice focuses on executive compensation and employee benefit arrangements (including their related tax, accounting, securities and corporate governance issues) in the United States and abroad. Before entering private practice, he served as a judicial clerk to the Hon. Richard F. Suhrheinrich of the United States Court of Appeals for the Sixth Circuit.


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The National Association of Stock Plan Professionals is the largest and oldest professional association for the stock and executive compensation community, with over two decades of leadership providing expert resources, education and other benefits for our more than 6,000 members across 32 affiliated chapters.

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