Arthur Woodard's area of concentration is employee benefits and executive compensation matters.
Mr. Woodard has practiced in the area of employee benefits since his graduation from law school in 1973, and has chaired Kaye Scholer's Employee Benefits Group since he joined the firm in 1983. That practice encompasses the traditional benefits areas of plan design and compliance but is primarily transactional in nature, centering on the benefits aspects involved in the firm's mergers and acquisitions and finance practices.
Mr. Woodard has had extensive experience in designing executive compensation plans and negotiating employment agreements, the establishment of supplemental retirement programs and deferred and incentive compensation arrangements for corporations. Mr. Woodard also counsels clients on the tax and business implications of "golden parachute" agreements, the impact of Section 409A of the Internal Revenue Code, benefits issues in bankruptcy cases, and on litigation-related issues.
Mr. Woodard has counseled clients about difficult fiduciary issues, including the proper way to structure a transaction to avoid "prohibited transactions" and having the assets of pension plans continue to be treated as assets of the plan following an investment (creating fiduciary issues). He also provides counseling on current legislation; deals with the IRS, the Department of Labor and the Pension Benefit Guaranty Corporation on numerous issues; and advises on multiemployer plan issues, particularly withdrawal liability.
Mr. Woodard has lectured and written extensively on a variety of benefits-connected topics, most recently on the bankruptcy aspects of benefits, the scope of ERISA preemption, and on executive compensation matters, particularly the application of Section 409A to various arrangements.
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