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ABA
Joint Committee on Employee Benefits
The Sections of Business Law, Health Law, Labor and Employment
Law,
Real Property, Probate and Trust Law, Taxation and Tort Trial
and Insurance Practice
and The American College of Employee Benefits Counsel Present
Expensing Employee Stock
Compensation:
The Basics
A 90-minute Teleconference / Audio
Webcast
Wednesday, June 30,
2004
1:00-2:30 pm ET / 12:00-1:30 pm
CT / 11:00 am-12:30 pm MT / 10:00 am-11:30 am PT
This program has
already taken place.
Audiotapes are available for $150.
For ordering information, contact Nancy Matthews at matthewsn@staff.abanet.org
or (202) 662-8640.
Ref. #JCEBT040630EESA
The Financial Accounting Standards Board
has proposed new guidance about the accounting treatment of
equity-based compensation in the U.S. When finalized, FASB's
guidance would mandate expensing for stock options and employee
stock purchase plans. International accounting standards already
require expensing of stock compensation starting in 2005 and
over 500 U.S. companies have voluntarily adopted expensing.
The new FASB rules will require use of new and complex award
valuation techniques, such as a lattice-type binomial model.
The guidance is expected to have a profound effect on plan
design and award practices. This session will address the
following topics:
- What types of stock-based plans and awards will
be most affected and how?
- Will mandatory expensing rules kill employee stock
purchase plans? Broad-based options?
- What is a lattice-type binominal valuation model,
and how different is it from Black-Scholes?
- Will the new valuation methods impact other valuations
(e.g., for gift/estate tax or Section 280G Golden
Parachutes)?
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- How will the rules affect privately-held companies?
- What are the considerations for corporate transactions
such as mergers and IPO's?
- When will the new rules first apply? How will the
transition rules work?
- Are there any useful techniques to use before new
rules take effect?
- Will legislation to stop or slow mandatory expensing
have any effect?
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Moderator
Paul J. Wessel, Dewey Ballantine LLP, New York, NY
Chairman, Executive Compensation Subcommittee, Business Law
Section
Speakers
Paula H. Todd, Towers Perrin, Stamford, CT
Michael B. Capilouto, Ernst & Young LLP, New York,
NY
Elizabeth Drigotas, Deloitte & Touche LLP, Washington,
DC
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