Employee Benefits Blog

Settlement of Calma v. Templeton Provides Guidance on Setting Director Pay

In response to recent lawsuits by the plaintiffs’ bar, I have previously posted about why public company employers may wish to consider adding a separate annual limit on non-employee director equity awards. Just last month the Delaware Chancery Court approved a settlement of Calma v. Templeton, a case in which Calma challenged the size of […]

October 19, 2016 | 2 min read | Tagged: Calma, director, equity award, equity compensation plan, grant, non-employee director, Templeton

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