Womble Bond Dickinson guides companies and boards of directors through complex executive compensation, incentive plans and, when needed, termination by bringing together experience in corporate governance, ERISA, tax and securities laws. We represent both public and private companies, as well as business entities organized as corporations, limited liability companies, and partnerships.
Our specific services related to executive recruiting, compensation and termination include:
- Designing, implementing, and maintaining a wide variety of executive compensation plans, including employment agreements, equity compensation programs (option plans, restricted stock plans, bonus stock plans, phantom stock plans, omnibus plans, etc.), short and long-term incentive awards, nonqualified deferred compensation arrangements, and protections for executives in the event of a take over or other change in control.
- Advising on all aspects of “best practices” and corporate governance, including board independence and director compensation, compliance with the Sarbanes-Oxley Act of 2002 and other securities laws and stock exchange requirements.
- Developing appropriate 409A compliance strategies for equity compensation, employment and severance agreements, and traditional deferred compensation arrangements.
- Creating corrective measures to address noncompliance with relevant Internal Revenue Code and securities laws provisions.