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  • 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: , , , ,

  • May 17, 2018Norris McLaughlin to Receive 2018 Healthy Workplace Award

    The law firm of Norris McLaughlin, P.A., has been recognized as one of the “Gold 2018 Healthy Workplaces” by Healthier Somerset, a partnership of over 50 organizations aiming to improve the health and well-being of those who live and work in Somerset County.  Charles A. Bruder, a Member of the firm and Co-Chair of its Executive Compensation & Employee Benefits Practice Group, will accept the award on the firm’s behalf at the second annual 2018 Healthy Workplace Recognition Awards.

    The event, to take place 8:30-10:30 a.m. on Thursday, June 7, at the FairBridge Hotel & Conference Center in Somerset, will feature “Cultivating Your Culture,” a presentation by Dr. Vince Sferra, the founder and Clinic Director of Natural Medicine and Rehabilitation, followed by a panel discussion of best practices for employee wellness.  For more information and to register, visit healthiersomerset.org.

    Norris McLaughlin, P.A. has been recognized for its firm-wide wellness program, Legally Fit!, which, sponsors and promotes such health-conscious initiatives as Fresh Fruit Fridays, a Fresh Farm Box Delivery Program, the Weight Watchers at Work program, chair massages, yoga classes, weekly inspirational quotes, and a Lunch & Learn Series of educational seminars on topics such as healthy eating and exercise habits.

    “The firm started Legally Fit! to promote a workplace culture that supports and encourages employees to develop and maintain a lifelong commitment to their health; encourage habits of wellness; increase awareness; provide activities, information, and services; and recognize employees for participating in the wellness program that supports healthy lifestyle choices,” said Sharon Taggert, the firm’s Senior Benefits Administrator.

    Also part of Legally Fit! is the NM Cares initiative.  The program encourages its employees to take an active role in charitable activities that better the community.  Under NM Cares, the firm is granting each of its employees paid time off equal to one work day each year exclusively for charitable work.  An employee who seeks to participate in NM Cares must complete a participation form to be approved by the Marketing Department, tell the story of why they chose the charity, explain how they became involved, and provide photos of their experience.  The pictures and writings will be shared with clients and friends on the new NM Cares website, on social media, and in the press to demonstrate to the community our employees’ involvement in charitable endeavors.

    Posted in: Charles A. Bruder, News | Tags: , , , , , , , , ,

  • May 03, 2018Norris McLaughlin, P.A. Welcomes New Executive Compensation and Employee Benefits Counsel

    The law firm of Norris McLaughlin, P.A., is pleased to welcome Karen E. Phillips as Senior Counsel in the executive compensation and employee benefits group.

    Ms. Phillips represents clients in connection with 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.

    Ms. 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, and 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.

    Ms. Phllips received her LL.M. in taxation with distinction from Georgetown University Law Center, her J.D. 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: Karen E. Phillips, News | Tags: , ,

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