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Philadelphia Bar Association

Topcap Invite

Date:
Thursday, November 09, 2017

Time:
12:00 PM

Location:
Philadelphia Bar Association
11th Fl. Conference Center
1101 Market St., Aramark Bldg.
Philadelphia, PA 19107

1.5 SUB CLE credits

Registration Info:
Lunch and registration:
11:30 AM

Program:
12:00 PM - 1:30 PM

CLICK HERE TO REGISTER FOR THIS CLE PROGRAM

Faculty:

Michael Jay Shapson, Esq.
PricewaterhouseCoopers
Philadelphia

Joseph J. Valane, Esq.
Kleinbard LLC
Philadelphia

Nancy L. Wasch, Esq.
Wasch & Ritson LLC
Doylestown

TODAY: Rescuing Golden Parachutes in Mergers and Acquisitions

CLE - Rescuing Golden Parachutes in Mergers & Acquisitions

A Panel Discussion on Due Diligence and Best Practices

Hosted by the Employee Benefits Committee and the Business Law Section's Mergers & Acquisitions Committee

Improperly handled golden parachutes can drag down both a seller and its executives with taxes, penalties, and administrative burdens. The corporation could lose the compensation deduction for excess parachute payments, while executives may be subject to an additional 20% tax over regular income taxes. Furthermore, the payor of the parachute payment must withhold the excise tax if the payment is wages. This CLE program will provide insight into recognizing a golden parachute problem during the deal negotiations so there are no surprise costs at the end of the day.

Learn when a payment made upon a corporate transaction meets the key elements for parachute payment treatment and how to structure change in control compensation to avoid some of the negative tax consequences. Panelists will examine the following key issues, among others:

  • When does a change in control or a change in ownership of assets trigger the golden parachute rules
  • How to calculate the "excess parachute payment"
  • What IRS is looking for in audits of change in control payments

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Best of 2017 CLE

Bottomcap Invite