Executive Compensation

1. Do you feel like you are not getting the wages and benefits you are entitled to as an executive?
2. Are you unsure of how to proceed in getting what you are owed?
3. Let the law firm of El-Hag & Associates help you recover your unpaid executive salary and benefits.
4. With years of experience, El-Hag & Associates will fight to get you the compensation you deserve.
5. Contact El-Hag & Associates today to schedule a free consultation.

Get the executive compensation lawyers you need in New York

The attorneys at Jordan El-Hag & Associates, P. C. work to help employees of all backgrounds with legal issues related to labor and employment law, including litigation related to executive pay and more.

Upper management is the most powerful branch of an organization and is responsible for leading lower-level employees to success and guiding the company. Upper management is responsible for making qualified decisions that make sense for the company/organization, considering both short-term progress and long-term goals.
Executives who hold these critical, high-impact roles are paid with generous packages. These executive compensation packages include a mix of pay and benefits that compensate for their hard work, leadership skills, and vision.

However, in the past, employees at high levels of a company received more pay than others. However, shareholders scrutinize financial and non-monetary pay packages. They may not be willing to give the same executives the right to these former packages.

Some of the items that often make up executive compensation include:

• Bonuses
• Commissions
• Deferred Compensation
• Stock and Equity
• Retirement benefits

Bonuses

Most executives are compensated with a baseline salary and an array of short- and long-term bonuses. Companies pay them accordingly for the demands of an upper management position. Bonuses can make up a significant part of some executives’ compensation packages. These bonuses may include:

• Signing bonuses are a bonus that is guaranteed to an executive when they have signed their job offer.
• Bonuses: Guaranteed: An executive is contractually entitled to receive additional compensation if the company meets its goal.
• A discretionary Bonus is a bonus awarded when the executive meets specific job performance metrics and goals.
• Retention bonuses are a form of compensation often presented to employees before large company transitions, such as when the company is undergoing a merger or acquisition.

The NY Law Firm of El-Hag & Associates, P.C., offers experienced legal representation for executives with compensation issues and those executives who have been wrongfully terminated from their job.

A severance package guarantees executives a gentle landing when they leave a company. These packages are often referred to as gold parachutes because they make these agreements less risky for executives.

These agreements can fluctuate in many ways, one of which would be a severance package. An unsatisfactory severance agreement or issues with a new company’s policies might give you legal recourse for a faulty termination.

Involuntary Separation

If an executive is terminated without cause, they will get severance. But if they are involuntarily terminated with cause, there will be no severance.

According to employment agreements, a conviction of a crime such as financial fraud is cause for termination. Still, poor performance or violation of the company code of ethics can also be a cause.

Executive Retirement Benefits and Deferred Compensation

The most common deferred Executive compensation plans are 401(k)s and IRAs. Some executives can participate in non-qualified deferred compensation (NQDC) plans.
You can keep your money in a non-qualified plan for an extended time, accessible before retirement — unlike a 401(k) or ERISA-regulated plan that gets taxed.
Those participating in an NQD can defer taxes on their compensation until the deferred compensation is paid out. For example, income earned on investments could accrue interest and dividends before the deferral is even paid out.

As deferred compensation is not yet paid out, it is high risk because the employer could cease to exist or go bankrupt.

Expertise in Employee Stock and Equity Compensation

• Stock packages often constitute a significant component of executive compensation.
• Restricted shares are often awarded to executives as part of their compensation package. They are forfeited if you leave the company before they’ve vested.
• Performance stocks are shares awarded to executives who meet or exceed specific performance goals.
• Stock Options provide company shares at a price set during a period. The value generally increases as organizational performance improves.When employees sign equity compensation agreements, it is essential to be clear on the terms of the employment agreement. Equity can make up a large portion of their total compensation. Knowing that in advance will help determine how much they should be paid.Executive Compensation Lawyers NY | Learn about benefits

  Executive perks are awarded to executives who, through their work, have special privileges that others do not. These include the ability to work from home or flexible hours to receive a company vehicle, parking near work, and flying in a private airplane.

  New regulations make it essential to be transparent about the perks which are a part of an executive’s compensation package.