Corporate Transactions

Schiff Hardin attorneys have significant involvement in the employee benefits and executive compensation aspects of corporate mergers, acquisitions, dispositions, leveraged buyouts, recapitalizations, and similar transactions handled by the firm.

We analyze the employee benefits plans and compensation arrangements of parties to the transaction, draft appropriate language for the purchase agreements, advise buyers and lenders as to funding and other potential problems, and deal with retiree medical issues, health insurance continuation rights, and severance benefit issues that may be present.

These transactions involve a review of numerous types of qualified and non-qualified employee benefit plans, including:

Pension plans
Group health plans — including self-insured arrangements
Stock benefit plans
Employment agreements
Change in control arrangements
Severance plans

Our counseling has included the analysis and settlement of golden parachute arrangements and incentive bonus arrangements, conversions of stock plans, the integration of seller's retirement and welfare plans into buyer's, and the assumption of Consolidated Omnibus Budget Reconciliation Act (COBRA) health coverage liability and retiree medical benefits.

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