Practice Subgroup

Executive compensation

Chuhak & Tecson attorneys assist boards of directors and executive compensation committees in complying with the Internal Revenue Service requirements that relate to the determination that compensation for executives of 501(c)(3) entities is reasonable. This includes review with the committee or board of the establishment of a rebuttable presumption of reasonableness of compensation. Our attorneys work with outside compensation consultants to develop reports that create benchmarks for the reasonableness of compensation based upon comparable organizations. Attorneys works with their clients to document the determination of reasonableness as well as create employment agreements, incentive compensation plans and agreements, retention agreements and severance agreements for its clients.