| Employee Benefits and Executive Compensation |
In top management positions and at every level of employment, attracting and retaining the right personnel is a daily challenge. Legal counsel on compensation policies and practices can play a vital role in meeting this challenge cost-effectively, as well as lawfully. For many years, we have counseled clients on the design of executive compensation arrangements and on compensation and benefits issues in general. On an ongoing basis, we:
- Provide guidance and assistance to public and private companies in drafting stock option plans and other nonqualified equity compensation arrangements
- Prepare ruling requests for the qualification of benefit plans and for exemption from the prohibited transaction rules
- Advise clients on ERISA and related issues
Chambers USA 2010 recently recognized us as "a group of talented attorneys who are practical and responsive." As in every practice area at WilmerHale, the capabilities of our compensation and benefits team are backed by our firmwide network of professionals. This synergy is exemplified by the participation of our state and local tax practice area in achieving the recent Massachusetts adoption of favorable employee benefits provisions that had previously been adopted only at the federal level.