Snell & Wilmer Benefits

JANUARY 25, 2024

For ISO exercises and ESPP transfers occurring in 2023, the Section 6039 employee information statement requirement is satisfied by providing Form 3921 (for ISOs) and Form 3922 (for ESPPs) to employees no later than January 31, 2024.

Electronics 52

Electronics Employment Executive Compensation 52

Proskauer's Employee Benefits & Executive Compensa

SEPTEMBER 19, 2023

On September 1, 2023, California Governor Gavin Newsom signed Senate Bill 699 , which amends California Business & Professions Code Section 16600 to prohibit an employer from entering into or attempting to enforce a non-compete agreement regardless of whether the contract was signed outside of California. Medtronic, Inc. ,

Employment 52

Employment Executive Compensation IT 52

Snell & Wilmer Benefits

FEBRUARY 21, 2023

On February 9, 2023, the U.S. Court of Appeals for the Tenth Circuit refused to enforce an arbitration clause contained in an employee stock ownership plan (“ESOP”) document. When drafting or amending ERISA plan documents, the inclusion of, and extent of, a mandatory arbitration clause should be something to consider. Envision”).

Executive Compensation 52

Executive Compensation Employment Management Employee Benefits 52

Snell & Wilmer Benefits

FEBRUARY 21, 2023

On February 9, 2023, the U.S. Court of Appeals for the Tenth Circuit refused to enforce an arbitration clause contained in an employee stock ownership plan (“ESOP”) document. When drafting or amending ERISA plan documents, the inclusion of, and extent of, a mandatory arbitration clause should be something to consider. Envision”).

Executive Compensation 40

Executive Compensation Employment Management Employee Benefits 40

Proskauer's Employee Benefits & Executive Compensa

JANUARY 31, 2023

Act of 2022 (“ SECURE 2.0 ”) that was signed into law on December 29, 2022 as part of the 2023 Consolidated Appropriations Act includes a slew of changes for retirement plan sponsors and employers. also does not change PBGC’s indexed flat-rate premiums for both single-employer pension plans and multiemployer pension plans.

Pension 52

Pension Executive Compensation Retirement Plan Employment 52

HR Digest

NOVEMBER 9, 2023

As 2023 draws to a close and companies begin to settle on the wages and hikes for the next year, the question of how to create an equitable compensation system might flash in everyone’s mind—if briefly. The Mercer QuickPulse US Compensation Planning Survey of August 2023 found that employers are planning a 3.9

Compensation System 52

Compensation System Family and Medical Leave Act Salary Parental Leave 52

Proskauer's Employee Benefits & Executive Compensa

JANUARY 6, 2023

On January 5, 2023, the Federal Trade Commission (“FTC”) proposed an expansive new rule which would impose a near-complete ban on the use of noncompetes (the “Proposed Rule”) by employers. The Proposed Rule additionally defines other key terms, including “worker,” “employer,” and “employment.” (pp. 109, 214.).

Commissions 52

Commissions Manufacturing Employment Executive Compensation 52