The 2017 Tax Act contains two provisions that directly impact executive compensation at tax-exempt organizations. As a result, many tax exempts are re-examining key aspects of their executive compensation programs to determine whether the changes warrant re-design.
This webcast, produced in conjunction with global law firm Morgan Lewis, discusses how the new legislation is impacting executive pay at tax-exempt organizations. The agenda includes:
- Reasonable compensation requirements for tax-exempt organizations.
- The new excise tax imposed on tax-exempt organizations for:
- Compensation paid to “covered employees” in excess of $1 million per year; and
- “Excess parachute payments” paid to covered employees upon separation of employment.
- Practical implications for executive compensation program design.
