Executive Employment & Compensation
The pay, protections, tax considerations, and restrictions in a senior executive's employment arrangement, including guarantees, termination rights, restrictive covenants, and indemnification.
How to use these pages
Most matters cross more than one area. Start with Executive Employment & Compensation, then consult the additional page that fits your equity, carried-interest, deferred-compensation, financial-services, private-equity, separation, or change in control issue.
Executive Equity & Management Equity
What an executive receives, may lose at termination, and can realize in value from an equity award, including valuation, buyback, liquidity, tax, and restriction terms.
Deferred Compensation & Section 409A
Deferred compensation and other future payment arrangements that can create tax consequences if their timing is not handled correctly, including severance, equity, reimbursements, and Section 409A deferrals.
Private Equity & Management Teams
Management ownership in private-equity-backed companies, including rollover and purchased equity, operating agreements, and the differences between financial and strategic buyers.
Hedge Funds, Asset Management & Portfolio Managers
How guarantees, deferrals, carried interest, and pay tied to investment results work in practice, including P&L definitions, expense chargebacks, covenants, and termination.
Carried Interest & Fund Compensation
How carried interest and other fund compensation are calculated, taxed, paid, and treated when a fund professional leaves, including profits-interest treatment, waterfall economics, clawbacks, and restrictions.
Change in Control & Section 280G
How a sale can affect an executive's role, compensation, equity, and potential tax exposure, including protections in a change in control and Sections 280G and 4999.
Executive Separations
What the company must pay, what happens to equity and future compensation, and the restrictions that may continue after employment ends. The firm handles the contractual arrangement, not stand-alone employment litigation.