In brief On September 24, 2020, the Franchise Tax Board of California (the FTB) released a proposed regulation — new section 17951-8 of Title 18 of the California Code of Regulations — which treats the compensation of a California nonresident, non-employee director of a corporation as California-source income subject to California personal income…
One of the most important issues that arises in any M&A transaction from a compensation perspective is the treatment of stock options, restricted stock, restricted stock units (RSUs) or other compensatory equity awards, whether vested or unvested, held by executives and other employees in the transaction. Below is a high-level…
Read publication Highlights Tom Asmar Joins Baker McKenzie We are excited to announce that Thomas (Tom) Asmar has joined our Compensation Group, based in our Palo Alto office. He joins the Firm from Skadden, Arps, Slate, Meagher & Flom LLP bringing nearly 20 years of experience advising companies and private…
Baker McKenzie’s Compensation Practice Group is pleased to provide you with the latest update of our Global Equity Matrix.
The Coronavirus Aid, Relief, and Economic Security Act (the Act) was passed by the US House of Representatives by a voice vote today after being passed by the US Senate on Wednesday. The bill now heads to the White House, where President Trump is expected to sign it very soon.…
On December 20, 2019, the Treasury and IRS released proposed regulations1 implementing the Tax Cuts and Jobs Act’s changes to section 162(m)’s $1,000,00 limit on the deductibility of “covered employee” compensation.2 In key part, the TCJA3 eliminated the exception from section 162(m) for performance-based compensation and expanded the covered employees…