Helping Families Preserve and Protect Assets and Values
Vesting: Handcuffing Key Employees To Your Company
Fri, 12/26/2008 - 23:08 — dougvann
In the previous issue of The Exit Planning Review™, we outlined the four
characteristics of a successful Employee Incentive Plan. Namely, such plans
should:
- Be specific, not arbitrary, and be in writing;
- Be tied to performance standards;
- Make substantial bonuses; and
- Handcuff the key employee to the business.
| Attachment | Size |
|---|---|
| bei issue 19.pdf | 65.62 KB |
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Henry C Weatherby and Jeffrey S. Rivard are members of NAELA, the National Association of Elder Law Attorneys