New York > New York > Law Offices of George Birnbaum PLLC

Law Offices of George Birnbaum PLLC

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(646) 861-2410
230 Park Ave
New York, NY 10169
Category: Finance & Legal


Our client was being pushed out as University President due to personality conflicts with the Chair of the Board of Trustees. Because the University had a complicated governance structure and our client had unique personal circumstances, it was crucial that we understood in detail the factual and legal aspects of the entire situation. Ultimately, the favorable severance and on-going compensation package we achieved for our client was the direct result of negotiations based upon our painstaking research.

Our law firm handled the termination of a senior finance executive entitled to leave his employment with substantial deferred compensation. Recognizing that the Company paying deferred compensation in a lump sum would trigger tax code penalty provisions, we hired an accountant to arrange the executive’s payout to avoid those penalty provisions, thus saving the executive several million dollars in taxes.

The employment agreement of a top media executive allowed the executive to resign “for good reason” if the executive’s duties and responsibilities were materially changed or diminished, and thereby receive substantial severance payments which an ordinary resignation would forfeit. We persuasively argued that a new reporting structure imposed by the employer deprived the executive of operational autonomy which had been a key component of the original job. The executive was ultimately permitted to resign while receiving full severance benefits.

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New York Offer Letters and Employment Agreements,
New York Structuring Executive Compensation and Incentives,
New York Ownership, Partnership and LLC Agreements, Buy-Outs and Break-Ups

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