Employee Benefits Blog

Director Compensation Update

I’ve written a number of articles and blogs about some sticky issues that can surface in the context of setting pay for public company non-employee directors (here, here, here, and here). On March 6th the parties to the In re Investors Bancorp, Inc. Stockholder Litigation, filed a settlement agreement with the Delaware Chancery Court. By […]

April 10, 2019 | 3 min read | Tagged: business judgment rule, director equity awards, equity awards, Executive Compensation, Investors Bancorp

Greg Gautam Partner

Yet Another Reason to Consider Separate Annual Limits on Director Equity Awards

As reported in a prior blog post, public company employers that are adopting or amending equity-based compensation plans should consider adding a separate annual limit on director equity awards. In a recent Delaware Chancery Court opinion (Calma v. Templeton), the Chancery Court refused to grant the board of directors of Citrix Systems, Inc. the protection […]

June 18, 2015 | 2 min read | Tagged: director equity, director equity awards, equity compensation plan, equity-based compensation, shareholder approval

Greg Gautam Partner