June 30, 2011
Option Grant Practices: IRS Proposes Section 162(m) Changes
– Broc Romanek, CompensationStandards.com
Last week, the IRS proposed new regulations under Section 162(m), which would significantly change the rule that applies to pre-existing stock option plans of private companies that then go public. Among other things, the proposal also reinforces that individual award limits must be stated in an option plan. We are posting memos in our “Section 162(m) Compliance Practice Area.” In addition, the NASPP will be covering this proposal in detail (here’s the NASPP’s Blog if you haven’t checked it out yet).
New movie on the horizon? Will Ferrell will star as “a narcissistic hedge fund manager who thinks he has seen God.”