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  • Feb 04, 2020Tim Klimpl to Present on Affordable Care Act for Fairfield County Bar Association in Connecticut

    Timothy S. Klimpl, an Associate of law firm Norris McLaughlin, P.A., will present “The Affordable Care Act Turns 10! What Does It Look Like Now?” as part of the Fairfield County Bar Association Employment Law Committee’s luncheon program of which Klimpl is Chair. The event will be held on Thursday, February 27, 12:30 – 2:00 p.m., at the Bar Association’s office in Stamford, Connecticut.

    “As Chair of the Employment Law Committee, I am excited to put on this program and share my knowledge on a topic I am passionate about to my colleagues in Connecticut,” said Klimpl.

    About the Presentation

    Discussion topics include a refresher on the Patient Protection and Affordable Care Act, coverage and reporting requirements of applicable large employers, dependent coverage, and restrictions on benefits maximums. The repeal of the individual mandate, the role of Health Reimbursement Arrangement, the recent elimination of the “Cadillac Tax” on high-value coverage, and challenges to the Affordable Care Act in courts will also be addressed. 1.5 transitional and non-transitional New York and Connecticut CLE credits are available. For more information, contact Klimpl at tsklimpl@norris-law.com.

    About Tim Klimpl

    Klimpl has represented a broad array of employee benefit plans, including corporate, multiemployer, and governmental employee benefit plans providing retirement, health, disability, dental and other welfare benefits. His work on executive compensation matters includes equity and incentive compensation plans, nonqualified deferred compensation, employment agreements and severance issues, including Section 409A compliance. He advises clients on issues including ERISA compliance, the Pension Protection Act, the Affordable Care Act, ACA investigations, COBRA, HIPAA, tax qualification requirements under the Internal Revenue Code for employee benefit plans, preparation of benefit determination notices, and the IRS Voluntary Correction Program (VCP) for retirement plans under the Employee Plans Compliance Resolution System (EPCRS).

    Klimpl has been listed in the 2018 and 2019 editions of Super Lawyers® New York Metro Rising Stars. Only two-and-a-half percent of New York attorneys are given this honor, which recognizes lawyers age 40 and under or who have been practicing for fewer than 10 years.

    Klimpl received his J.D. from New York Law School and his B.A., cum laude, from Syracuse University.

    Posted in: Executive Compensation and Employee Benefits, Labor & Employment, News, Timothy S. Klimpl | Tags: , ,

  • Sep 12, 2019Timothy Klimpl Named New York Metro Rising Star

    Timothy S. Klimpl, an Associate of law firm Norris McLaughlin, P.A., has been included in the New York Metro Rising Stars® 2019 Edition in the Employee Benefits category.  Only two and a half percent of New York attorneys are given this honor, which recognizes lawyers age 40 and under or who have been practicing for fewer than 10 years.

    “It is a fantastic honor to be awarded this distinction among my talented peers throughout the New York metro area,” stated Klimpl.

    New York Metro Rising Stars, a listing of outstanding lawyers from more than 70 practice areas who have attained a high degree of peer recognition and professional achievement, is published in Super Lawyers Magazine.  The rigorous selection process combines peer nominations and evaluations with third-party validation of professional accomplishments.  The magazine, which features the list and profiles of selected attorneys, is distributed to attorneys in the state or region and to ABA-accredited law school libraries.  Super Lawyers is also published as a special section in leading city and regional magazines across the country.  In the United States, Super Lawyers Magazine is published in all 50 states and Washington, D.C., reaching more than 13 million readers.

    Klimpl has represented a broad array of plan sponsors and employee benefit plans, including corporate, nonprofit, multi-employer and governmental plans providing retirement, health, disability, dental and other welfare benefits.  He advises clients in a range of issues including ERISA compliance, the Pension Protection Act, the Affordable Care Act (ACA), U.S. Department of Labor investigations, COBRA, HIPAA, benefits due diligence in corporate transactions, tax qualification requirements under the Internal Revenue Code for employee benefit plans,  and the IRS Voluntary Correction Program (VCP) for retirement plans under the Employee Plans Compliance Resolution System (EPCRS).

    Klimpl has reviewed and interpreted collective bargaining agreements (CBAs) and drafted CBA language relating to employer funding obligations under the Pension Protection Act and tax provisions under the ACA. He also prepares employee handbooks and advises employers regarding wage and hour laws, anti-discrimination statutes, and employment agreements; engages in corporate formation; and applies for and obtains federal tax-exempt status for non-profit organizations.Klimpl represents senior-level employees in the negotiation of their employment and severance packages and all associated agreements, including evaluation of wrongful termination claims.  His work for clients includes employment and post-employment compensation, health coverage and COBRA issues, confidentiality, non-compete, non-solicitation, and benefits and protections within the structures and strategies for those packages.

    Klimpl received his J.D. from New York Law School and his B.A., cum laude, from Syracuse University.

    Posted in: Executive Compensation and Employee Benefits, News, Timothy S. Klimpl | Tags: , ,

  • Nov 26, 2018Karen Phillips Guest Lectures for University of Michigan Law School Entrepreneurship Clinic

    Karen E. Phillips, Senior Counsel of law firm Norris McLaughlin, P.A., presented a lecture and discussion for law students in the University of Michigan Law School’s Entrepreneurship Clinic on November 19.  In her lecture, Philips covered the most common forms of equity compensation utilized by early-stage startup companies, the reasons for choosing one over the other, and the applicable tax and securities law considerations.  The students then worked through a scenario to advise a fictitious client on how to structure equity compensation arrangements for the employees of their startup.

    Michigan Law’s Entrepreneurship Clinic, part of the Zell Entrepreneurship and Law (ZEAL) Program, is an innovative clinical law program that represents and advises University of Michigan student-led entrepreneurial ventures and other entrepreneurial ventures.  The Entrepreneurship Clinic gives law students a chance to gain practical experience by representing real clients.

    “The University of Michigan Law School Entrepreneurship Clinic was started by one of my former law school classmates, Dana Roach Thompson, and is the first of its kind,” said Phillips.  “I’m tremendously proud of the work that Dana is doing with the clinic and am so very grateful that she asked me to assist her students in this Fall’s clinic.  I got so much from my education at the University of Michigan, in both the Business School and the Law School, that I’m happy to have the opportunity to give a little back.”

    Phillips represents clients in employee benefits and compensation-related aspects of corporate transactions, financing arrangements, and public offerings, including negotiation, review and drafting of transactional documents, supervision of due diligence, and identification of issues arising under, and assistance in complying with, the Internal Revenue Code, ERISA, and applicable federal securities laws and exchange regulations.

    Phillips also advises clients on the structure, implementation, and administration of non-qualified employee compensation plans, programs, and arrangements, including the associated federal tax implications. She represents clients in connection with the design, administration, amendment, and termination of single-employer and multiemployer defined contribution retirement plans and defined benefit pension plans.  She has designed, negotiated, and drafted equity-based compensation plans, employment, consulting, termination, severance, and change-in-control agreements, and advised clients on the associated ERISA, federal tax, and securities implications.

    Phillips received her LL.M. in taxation, with distinction, from Georgetown University Law Center, her J.D./M.B.A. from the University of Michigan, and her A.B. from the University of Chicago. She is a member of The Alumni Society and the National Association of Women Lawyers.

    Posted in: Executive Compensation and Employee Benefits, Karen E. Phillips, News | Tags: , , ,

  • Nov 19, 2018Timothy Klimpl to Present “ERISA Basics for Lawyers” CLE

    Timothy S. Klimpl, an Associate of law firm Norris McLaughlin, P.A., will present “ERISA Basics for Lawyers,” a CLE seminar sponsored by the Fairfield County Bar Association, on Tuesday, December 4, from 12:30pm to 2:00pm, at the office of the Fairfield County Bar Association in Stamford, CT.

    Klimpl’s topics will include ways to spot ERISA issues for clients; the responsibilities of an ERISA plan fiduciary; and addressing compliance problems in retirement and health plans, among other topics. The program is approved for 1.5 transitional and non-transitional NY & CT law practice management credits. To register, please visit fairfieldbar.org.

    Klimpl has represented a broad array of employee benefit plans, including corporate, multiemployer, and governmental employee benefit plans providing retirement, health, disability, dental and other welfare benefits.  His work on executive compensation matters includes equity and incentive compensation plans, nonqualified deferred compensation, employment agreements and severance issues, including Section 409A compliance. Klimpl advises clients on issues including ERISA compliance, the Pension Protection Act, the Affordable Care Act (ACA), ACA investigations, COBRA, HIPAA, tax qualification requirements under the Internal Revenue Code for employee benefit plans, preparation of benefit determination notices, and the IRS Voluntary Correction Program (VCP) for retirement plans under the Employee Plans Compliance Resolution System (EPCRS).

    Klimpl has reviewed and interpreted collective bargaining agreements (CBAs) and drafted CBA language relating to employer funding obligations under the Pension Protection Act and tax provisions under the ACA. He also prepares employee handbooks and advises employers regarding wage and hour laws, anti-discrimination statutes, and employment agreements; engages in corporate formation; and applies for and obtains federal tax-exempt status for non-profit organizations.

    Klimpl also represents senior-level employees in the negotiation of their employment and severance packages and all associated agreements, including evaluation of wrongful termination claims.  His work for clients includes employment and post-employment compensation, health coverage and COBRA issues, confidentiality, non-compete, non-solicitation, and benefits and protections within the structures and strategies for those packages.

    Klimpl received his J.D. from New York Law School and his B.A., cum laude, from Syracuse University. He is a member of the American, New York State, Connecticut and Fairfield County Bar Associations.

    Posted in: Executive Compensation and Employee Benefits, News, Timothy S. Klimpl | Tags: , , , ,

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