Your company is heading towards Chapter 11, and suddenly a portion of executive compensation has become a creditor target. Senior executives (and key leaders) want to know when and how much they will ...
Do you have a top-hat plan? That’s a plan which is unfunded and is maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly ...
When drafting a deferred compensation plan or agreement for a key employee (a “top hat plan”), the focus is almost always on the terms of the plan. In the process, many employers miss a crucial ...
Siding with the district court, the 3rd Circuit ruled simply that “plan participant bargaining power … is not a substantive element of a top-hat plan.” The 3rd U.S. Circuit Court of Appeals has ruled ...
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