Executives and others in all sectors are often entitled to short-term or long-term compensation in the form of an annual bonus, retention bonus, long-term incentive or other combination of comparable liquidity, shares, options or equity. This right may arise from a letter of offer, contract, compensation plan or other agreement. We have successfully negotiated to ensure that employees receive a bonus that has been earned, that it is paid in time to avoid the necessary compliance with the IRS rules (i.e. 409A) and the appropriate conditions and criteria for receipt. Our lawyers are also prepared to challenge, arbitrate, negotiate and arbitrate these types of compensation disputes if they arise. On the one level, that is quite understandable. At the beginning euphoric of the new board contract, especially when it comes to a new job with a new employer, the last thing a manager wants to think about is its end. In many companies, employees receive bonuses based on their performance, the performance of their divisions or divisions and/or the overall performance of the company. Some companies will also measure performance against other industry standards. While the bonuses of some employees represent only a small fraction of their total remuneration, in some companies bonuses account for the bulk of the overall remuneration of many employees. We regularly develop, negotiate and design a series of agreements for executives and other staff, including labour and separation agreements, competition and non-call agreements and purchase contracts for executives.
We help our clients implement staff rental contracts, professional employment organisation (PEO) and consulting agreements. Such severance pay must be sufficient to protect and cushion the executive from the negative economic effects of involuntary job loss. It should also be sufficient to make the employer understand the consequences of dismissal without notice from the executive. Since 1980, demanding businessmen have been counting on George to apply meticulous preparation, attention to detail and dedication to his clients, which he learned from legendary lawyer Louis Nizer. A graduate of Harvard College and Harvard Law School, George has 35 years of excellent experience in deal-making, litigation, mediation and arbitration, with whom he has negotiated large-scale agreements for selected executives and professional clients in the United States. We audit and negotiate employment contracts and separation agreements that involve deferred compensation agreements. If an employer refuses to comply with the terms of the plan, our lawyers complain and settle disputes. In addition, our lawyers may intervene on behalf of a staff member who may have additional ERISA rights if an employer misclassifies a qualified deferred compensation plan as an unqualified plan. We know different sectors and positions that use commissions. We negotiate and structure our clients` commission-based compensation plan to ensure they receive fair and market-compliant commission rates and payment terms.
We also negotiate severance agreements and exit packages that include, among other things, the structuring of commissions paid by employees prior to dismissal.