This week on OK at Work, Sarah Sawyer and Russell Berger discuss the use of a phantom equity plan to incentivize employees. Phantom equity, as the name implies, is not actually equity in the business but rather a form of incentive compensation that mirrors what it would look like if the employee had some equity interest. Phantom equity works well as an incentive to help drive towards a transaction but, especially in today’s climate, may also be a useful tool to increase employee retention. Listen to learn more.
ABOUT RUSSELL BERGER
Russell Berger is a business counselor serving the needs of small and mid-sized businesses as an outside general counsel and as a labor and employment attorney. As outside general counsel, Mr. Berger is a strategic partner who helps growth-minded clients navigate the opportunities and challenges, seen and unseen, that come with running a business. A thoughtful and proactive problem solver, he leverages the resources of Offit Kurman to provide the exact experience and knowledge that clients need on a range of matters. As a top-rated labor and employment attorney, Mr. Berger provides business counsel to employers on employee matters. He is well-versed in litigating in both state and federal courts.
ABOUT SARAH SAWYER
As an experienced business advisor and litigator, Sarah works with business owners at all stages of running their business, from starting their business and implementing policies and practices that keep their businesses running smoothly to helping them avoid expensive legal battles and fighting for them when litigation arises. Sarah focuses on, among other things, providing her clients with general business counsel, drafting and analyzing complex contracts, mergers and acquisitions, employment compliance, dispute resolution, and litigating all aspects of civil and commercial disputes. With a diverse background of representing an array of business clients in private practice and working as in-house counsel, Sarah recognizes the importance of understanding all aspects of a client’s business when providing advice, whether compliance, litigation, or business strategy related. When counseling clients, she takes the time to understand the ins and outs of her client’s business and employs a holistic approach when addressing their legal needs and concerns.
ABOUT OFFIT KURMAN
Offit Kurman, one of the fastest-growing, full-service law firms in the United States, serves dynamic businesses, individuals and families. With 18 offices and more than 250 lawyers who counsel clients across more than 30 areas of practice, Offit Kurman helps maximize and protect business value and personal wealth by providing innovative and entrepreneurial counsel that focuses on clients’ business objectives, interests and goals. The firm is distinguished by the quality, breadth and global reach of its legal services and a unique operational structure that encourages a culture of collaboration. For more information, visit www.offitkurman.com.
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