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A Guide to Employment Terms & Compensation of Key Personnel in Family Businesses 2017

Product ID: CM2657
Presented By: State Bar of Wisconsin PINNACLE

Nothing ventured, nothing gained

By 2017, an estimated 40.3 percent of family business owners expect to retire, creating a significant transition of ownership in the U.S.1 That means plenty of new owners in need of guidance on employment, compensation, and retirement plan issues for family employees and key non-family executives.

A Guide to Employment Terms and Compensation of Key Personnel in Family Businesses addresses these concerns so you can better counsel your clients through important decisions. It’s a special opportunity for you to learn from a variety of experienced professionals and specialists.

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OnDemand Seminar
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Member $49.00

Non-Member $99.00

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Nothing ventured, nothing gained

By 2017, an estimated 40.3 percent of family business owners expect to retire, creating a significant transition of ownership in the U.S.1 That means plenty of new owners in need of guidance on employment, compensation, and retirement plan issues for family employees and key non-family executives.

A Guide to Employment Terms and Compensation of Key Personnel in Family Businesses addresses these concerns so you can better counsel your clients through important decisions. It’s a special opportunity for you to learn from a variety of experienced professionals and specialists.

Read More ↓

Program Chairs:

Gregory M. Monday
Reinhart Boerner Van Deuren s.c.
Madison

David J. Sisson
Reinhart Boerner Van Deuren s.c.
Milwaukee

Presenters:

Amy L. Barnes
Reinhart Boerner Van Deuren s.c.
Milwaukee

Christopher Dewsnap
Pension Inc.
Green Bay

Angela Hildestad, PHR, SHRM-CP
Smith & Gesteland LLP
Madison

Leah Turnbull

J.P. Morgan
Chicago

Susan Van Gheem
Pension Inc.
Green Bay

8:00 a.m. : Registration

8:30 a.m. : Introduction: Overview

Gregory M. Monday, David J. Sisson

8:40 a.m. : Employment Contracts (including Confidentiality, Non-Competition, and Severance

David J. Sisson

10:00 a.m. : Break

10:15 a.m. : HR Overview of Job Descriptions, Evaluations, Compensation Development and Advancement

  • Job descriptions, why use them and what should be included?
  • Providing effective, quality feedback through a performance evaluation system.
  • Compensation, what does the market say you should be paying?
  • Will advancement opportunities alone retain your best and brightest?

Angela Hildestad

11:15 a.m. : Long-Term Incentives and Equity-Based Compensation for Family Businesses.

Family businesses should view long-term and equity-based incentives as a valuable tool in attracting key employees and motivating such employees to participate in the financial success of the business.

  • Identify the incentive compensation alternatives available for a family business
  • Understand the advantages, disadvantages and tax consequences of available alternatives
  • Draft equity-based compensation plans tailored to unique objectives of the family business

Amy L. Barnes

12:15 p.m. : Lunch (on your own)

1:15 p.m. : Retirement Plans: Creating Wealth Beyond Business Ownership

Many business owners and key employees look to salaries and eventual business sale as their financial plan for retirement. With the appropriate company retirement plan design, additional wealth can be generated beyond the business liquidation.

  • Identify retirement plan options that benefit key personnel in family businesses
  • Review creative plan design that provides additional benefits to key employees
  • Discuss exit strategies for retirement plans when business owners transition

Christopher Dewsnap, Susan Van Gheem

2:15 p.m. : Employee Stock Ownership Plans in Action

  • Outline what is an ESOP and steps in a typical transaction
  • Identify what makes a strong ESOP candidate
  • Walk-through a case study of a recent ESOP transaction

Leah Turnbull

3:15 p.m. : Program Concludes

  • Know the essentials of employment contracts, including confidentiality, non-competition, and severance provisions
  • Learn how to best execute an employee stock ownership plan
  • Discover techniques for creating retirement and benefit plans for key personnel
  • Understand the importance of incentive compensation and stock appreciation rights
  • Business law attorneys
  • Civil litigators
  • Employment law attorneys
  • Labor and Employment Law Section members
  • Estate planning lawyers
  • Solo & small-firm practitioners
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