Keeping Up With Rev. Rul. 2008-13

Law360, New York (November 2, 2009, 4:10 PM EST) -- Many companies will need to amend their employment agreements, equity plans and awards, and other incentive plans and agreements by Dec. 31, 2009, to preserve the deductibility of performance-based awards and amounts under Code Section 162(m) [the $1 million limit on public companies’ ability to deduct compensation payments to their named executive officers] in light of Rev. Rul. 2008-13.

Background

Rev. Rul. 2008-13 held that if a plan or agreement provides for payment following an executive’s termination without cause, for good reason or due to retirement,...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.