Regional Vice President of Sales The Retirement Plan Company
|
Bates & Company, Inc.
|
AimPoint Pension
|
Loan & Distribution Specialist AimPoint Pension
|
Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
|
Compass
|
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
Code Section 162(m) Compliance Alert
Ford & Harrison LLP [Guidance Overview] Jan. 25, 2015
"[P]ublicly traded corporations should carefully review their compensation plan/arrangements to ensure that: [1] The proxy statement disclosures do not include a promise (or imply a promise) that the compensation will qualify as performance-based compensation under Section 162(m); [2] The performance goals are based on a business criteria; [3] The performance goal is based on an objective formula so that a third party could calculate the award with knowledge of the relevant performance result; [4] The performance goal is established before or soon after the performance period starts; and [5] There is no discretion to increase the amount of compensation payable."
|
Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |