If an employer intends to enter into an agreement with an employee pursuant to which the employer agrees to pay severance upon the employee’s termination of employment, the employer should, as part of the separation process or when structuring future severance entitlements, determine whether the terms of such severance comply with, or are exempt from, the provisions of Section 409A of the Internal Revenue Code.
For various business reasons, an employer may determine that it needs to move a full-time employee to part-time status. Before an employer makes such a determination, it should pause and carefully consider certain issues.
Employers that want to reward a key employee by promising to pay a bonus upon retirement need to examine 409A.
If an employer intends to enter into an agreement with an employee pursuant to which the employer agrees to pay severance upon the employee’s termination of employment, the employer should, as part of the separation process or when structuring future severance entitlements, determine whether the terms of such severance comply with, or are exempt from, the provisions of Section 409A of the Internal Revenue Code.
At Northeast Delta Dental, our mission guides us to prioritize social impact, essentially the good we can do in our community with the resources we have available.
Ken Akerley rose through the ranks through hard work, determination and a caring heart
One of the things I enjoy most about working with New Hampshire business owners is hearing what they’re building toward. Whether it’s growth, succession or greater stability, our conversations are almost always about the future.
Succession planning for your business goes beyond naming the next leader. It involves preserving continuity for your employees and customers, as well as supporting the company’s long-term success.
Small and medium-sized enterprises (SMEs) make up the majority of businesses in NH and play a vital role in driving economic growth, innovation and job creation.
Business growth is exciting. A big contract comes through, a new customer relationship takes off or marketing is delivering the results you expected. Financing can be a critical resource to sustain the growth. But from a lender’s perspective, growth financing is about more than momentum. The real question is whether the business can support that growth — and repay the debt that may come with it.
