The question of mid-offering period changes to employee stock purchase plans (ESPPs) has been coming up with unusual frequency, in some cases due to stock price volatility causing an earlier-than-expected shortage of shares and in others due to companies desiring to quickly make their plans more competitive in the ongoing battle for talent. Impact of a Modification of a Section 423 ESPP Option But a mid-offering change to the terms of a Code[1] Section 423…
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Recent
On December 15, 20211, the Securities and Exchange Commission (“SEC”) issued proposed rules that would significantly impact Rule…
On Nov. 29, 2021, the staff of the U.S. Securities and Exchange Commission (SEC)’s Office of the Chief…
There has recently been a great deal of interest in the grant of a profits interest. A profits…
The Baker McKenzie global pensions team is delighted to announce the launch of the Global Pensions Heatmap. The…
The Internal Revenue Service has issued welcome guidance related to the COBRA subsidy provisions under the American Rescue…
The American Rescue Plan Act of 2021 (the “ARPA”), was signed into law on March 11, 2021, and…