The Law of Corporations and Other Business Organizations

Chapter 15 - Employee Benefits and Employment Agreements

Introduction

The goal of this chapter is for students to become familiar with the following terms and topics concerning employee benefits and employment agreements:

• Equity compensation, employee benefit plans, and qualified plans
• Elements of executive compensation
• Elements of a qualified employee benefit plan
• Requirements for all qualified plans under the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code (IRC)
• Types of qualified plans and the procedures for adopting qualified plans
• Benefits to employment agreements and special considerations for entering into an employment agreement from both the employer’s and the employee’s perspectives
• Elements of an employment agreement
• Covenant not to compete and the conditions under which such an agreement may be valid
• The role of corporate paralegals assisting with employee benefit plans and employment agreements
• Resources available to corporate paralegals who may be assisting with employee benefit plans and employment agreements

After reading this chapter in the book, use the Study Support Tools on left side of this page to reinforce the textbook. It is recommended that you use the tools in order from top to bottom.