Nicholas Pension Consultants
Retirement Plan Consultants
ERISA Services, Inc.
Loren D. Stark Company
RTD Financial Advisors
Plumbers Local Union No. 1 Benefit Funds
Hochheiser Deutsch & Co, Inc.
EPIC Retirement Plan Services
Kentucky Trust Company
Farmer & Betts, Inc.
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|Sarbanes-Oxley Act-- Implications for Executive Compensation|
McDermott Will & Emery
Aug. 21, 2002
Excerpt: Directors, executives, Section 16 compliance officers and human resources administrators will want to consider closely the following provisions under the Act: prohibition on personal loans to directors and executive officers; accelerated Section 16 filing deadlines; restrictions on company stock sales during retirement plan blackout periods; disgorging executive pay due to accounting restatements; [and] freeze on extraordinary payments to directors and officers.
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