| Compensation and
Employee Benefits
To maintain a competitive edge, our clients
must be able to attract and hire the best talent available
for their businesses. They need to know what benefits and
incentives are being offered in the marketplace and how to
structure and implement employment agreements and benefit
plans embodying those programs when the time is right. Our
attorneys advise clients ranging from startups to mature businesses
on the broad range of issues they face related to employee
compensation and benefits and the terms of employment agreements.
Whether it is setting up an appropriate stock option program
for a client’s employees, directors and consultants,
or structuring incentive compensation, phantom stock, bonus
or change of control provisions in an employment agreement
for a key executive critical to the client’s future
success, or setting up a new company-wide benefit plan, we
have the necessary experience to help our clients meet their
needs. Here in the heart of Silicon Valley, our experience
with equity-based programs and the customary provisions of
employment agreements is critical in helping our clients establish
the right program to attract and retain the right people.
We are also a trusted advisor for our clients on programs
where privacy laws, ERISA, COBRA, and HIPAA regulations, and
other state and federal laws regulating benefit plans must
be considered. If an employment agreement is being implemented,
we collaborate with our Litigation
Group when sensitive questions of interpretation, dispute
resolution or enforceability could play a critical role in
the negotiation or drafting of the final agreement.
Commission Plans and Disputes:
An attorney who is asked to help
his or her client draft a commission plan needs a complete
understanding of the client’s product or service and
how the salesperson earns commissions. Every business has
its own way of calculating and paying commissions, and the
scope of the salesperson’s efforts required to earn
a commission will vary by industry, product, and employer.
Drafting a plan that both accomplishes the client’s
goals and complies with applicable legal requirements may
require discussions with the client about the details of how
its plan works, alternatives to when commissions are earned
or paid, and how elements of the plan may conflict with laws
prohibiting forfeitures or improper deductions from the commission
calculation. We work with clients in a variety of industries
– web-based services, scientific instrumentation, testing
equipment, consulting, construction materials, printing and
publishing, and manufacturing of paper products, to name a
few – to help balance their legal obligations and their
business goals. If claims arise, either in court or before
the Division of Labor Standards Enforcement, we work with
our clients to defend their interests.
Back to top
|
|