Norris McLaughlin, P.A.Forms Task Force To Address Emergent Executive Compensation & Employment Issues

February 10, 2009

Norris McLaughlin, P.A.
721 Route 202-206
Bridgewater, NJ 08807
Contact: Edward C. Miller, Jr.
Chief Marketing Officer
(908) 722-0700, X-4224
ecmillerjr@nmmlaw.com

Norris McLaughlin, P.A.Forms Special Task Force To Address Emergent Executive Compensation and Employment Issues

New York, NY and Bridgewater, NJ – Norris McLaughlin, P.A., has established a special task force, the Employment Strategies Task Force, to address emergent issues confronting both employers and employees in the current economy. The Task Force will address concerns in a range of disciplines, including executive compensation, employment, employee benefits, and other business-related areas facing pressing issues due to the economic climate. The Task Force will be chaired by David T. Harmon, Esq. For more information, you can contact Harmon by phone at (212) 808-0700, ext. 4335, or by email at dtharmon@nmmlaw.com.

Recent events, like President Obama’s efforts to rein in corporate compensation with rules limiting executive pay for companies receiving taxpayer bailout funds, are drastically effecting the way business is conducted. The Employment Strategies Task Force will address these and other emergent issues associated with employment agreements, severance arrangements, and equity-based incentive compensation arrangements in today’s economic environment. The Task Force will counsel professionals on all aspects of employment arrangements, including the negotiation and drafting of employment agreements, and advising such individuals on incentive compensation. Task Force attorneys will also advise clients on all aspects of preparing and negotiating severance arrangements following an employment change or personnel downsizing.

A resident of Short Hills, Harmon focuses his practice on the areas of executive compensation, employment and business law. He also represents institutions of higher education. He represents senior-level employees of both public and private companies in the negotiation of their employment packages and all associated agreements, whether at the commencement of the employment relationship or at termination. His successful negotiation of employment and severance packages for clients includes addressing all aspects of employment and post-employment compensation, respectively, and structures and strategies for those packages. His representation also includes providing advice and counsel to employers in the negotiation of employment and severance packages with their employees, and the design of compliance programs, including employee policy manuals, and counseling and training concerning implementation of those policies.

Harmon frequently writes and is often quoted on executive compensation and employment issues. Recently, Employment Law 360 published an article he co-wrote, entitled “The Death of the Non-Compete? New York Broadcast Industry Employees No Longer Restricted From Broadcasting Their Services.” Harmon was quoted in FUNDfire, the leading source of all the competitive intelligence for the separately managed account industry and in the annual advisor compensation report, and Registered Rep., the financial professionals' source for breaking news, advice, and what is happening in the industry. He was interviewed by The Metropolitan Corporate Counsel on Code §409A and its implications for employers. He also co-authored a chapter entitled “Perspectives for Management and Executives on Structuring and Negotiating the Package: It’s Not Just About the Dollars” for a book entitled Inside the Minds: Employee Benefits and Executive Compensation Client Strategies for Aspatore Books, a Thomson Business Publisher in 2008. In the Wall Street Technology Association’s Ticker Magazine, Harmon co-authored an article discussing employment compensation packages for IT executives in “Executive Compensation: Don’t Forget the Fringe Benefits.”

Harmon is a member of the New York State (Business Law, Labor & Employment Law, and Entertainment, Arts and Sports Law Sections) and American (Business Law and Labor & Employment Law Sections) Bar Associations, as well as the National Association of College and University Attorneys. He is a former member of the Board of Directors of the Wall Street Technology Association. Harmon practices out of the firm’s New York City office.

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