Taylor is co-chair of the firm's employee benefits and executive compensation group. His employee benefits practice covers a wide-range of traditional executive compensation and employee benefits matters along with a variety of inter-disciplinary practice areas and industries that are affected by executive compensation and employee benefits laws.
Taylor regularly works with clients to design, implement and maintain equity compensation plans, long-term incentive plans, bonus programs and non-qualified deferred compensation arrangements for executives, employees and non-employee directors. He also advises and represents executives, boards of directors and compensation committees in the negotiation and drafting of employment, severance, retirement, termination and change in control agreements. Taylor also has extensive experience advising clients on the impact of Code Section 409A on executive compensation arrangements and has assisted clients utilize IRS programs to correct plan deficiencies or operation errors.
In connection with his executive compensation practice, Taylor frequently counsels compensation committees of publicly-traded clients on the Dodd-Frank financial reform laws and regularly assists with the drafting and preparation of proxy statements and other SEC filings related to executive compensation matters.
Tax-Qualified Retirement Plans
Taylor has extensive experience in the creation and maintenance of all manner of tax-qualified retirement plans, such as, defined benefit pension plans, 401(k) plans, profit-sharing plans, employee stock ownership plans (ESOPs), employee stock purchase plans (ESPPs) and money purchase pension plans. He also regularly counsels clients in the submission of tax-qualified retirement plans to IRS for favorable determination letters and assists clients preparing participant communications and government filings, as well as, correcting plan document and operation errors under the Self-Correction Procedure (SCP) and Voluntary Compliance Program (VCP) under the IRS’s EPCRS program.
Health and Welfare Benefits
Taylor frequently works with clients to ensure compliance with HIPAA and HITECH and provides counsel concerning issues relating to PPACA and other healthcare reform laws. In addition, he assists many clients in creating WRAP plan documents and in the design, implementation and operation of employee wellness programs.
Corporate Transactions and Finance
Taylor frequently advises and negotiates executive compensation and employee benefits matters relating to private equity, mergers and acquisitions, and other corporate transactions. Such representations have included stock transactions, asset acquisitions, and stock and asset purchases for clients in the pharmaceutical, financial services and industrial sectors. In addition, Taylor has extensive experience drafting and negotiating employee benefits matters related to corporate finance transactions.
Taylor also advises hedge funds and other pooled investment entities in connection with investments from pension plans and other sources of plan assets and assists fund managers with the application of exceptions from ERISA’s plan asset rules under the 25% test, VCOC and REOC exceptions.
Nonprofit and Tax-Exempt Organizations
Taylor works with a variety of nonprofit and tax-exempt organizations on the design, implementation and administration specialized employee benefit plans, such as: 403(b) plans, 457(b) and 457(f) deferred compensation plans.
Representation of publicly-traded and privately-held companies and family investment offices in the design and implementation of executive incentive compensation arrangements, including short-term bonus plans, long-term equity incentives, change of control severance agreements.
Assisted beverage distribution, technology-staffing and healthcare marketing companies create new nonqualified deferred compensation plans and utilize IRS programs to correct Code Section 409A deficiencies.
Representation of a tax-exempt healthcare employer in connection with defined benefit pension, 401(k), 403(b), 457(b) and 457(f) retirement plans.
Representation of multiple private equity funds in the creation of compensation programs for executives at portfolio companies and employees of the funds.
Representation of healthcare service provider with respect to HIPAA and HITECH compliance.
Selected for inclusion in The Best Lawyers in America, Employee Benefits (ERISA) Law, Woodward/White, Inc., 2018-2019