May 19, 2022
Change in Control Plans Below the Executive Group
A member recently asked this question in our Q&A Forum (#1411):
We are looking for any type of guidance/handbook/alert that gives any insight into Change in Control Plan participants BELOW the executive leadership team (e.g., how common this is, how to determine participants). Are you aware of anything? Thanks!
John responded:
I think it’s not unusual to provide change in control compensation to people beyond the NEO group, but I don’t think it’s common to provide change in control agreements along the same lines as those provided to NEOs. We have a lot of materials on change in control arrangements in our “Severance” Practice Area, and you may want to take a look there.
Here are some specific resources from that Practice Area that you may find helpful:
– Mercer’s Survey of M&A Retention Programs (Additional materials are available on Mercer’s website.)
John highlighted some great resources in our Practice Areas, and we also have Lynn & Borges’s “Executive Compensation Disclosure Treatise” posted online for members of CompensationStandards.com. On top of that, we’ve got lots of checklists on topics like clawbacks & director expense policies. If you’re not finding what you’re looking for, give us a shout at our Q&A Forum or email us anytime at info@ccrcorp.com.
– Emily Sacks-Wilner