Blitman & King Partner Jonathan Cerrito was interviewed by Uncubed in an article on workplace issues for employees that are negotiating employment agreements. In the interview, Jonathan discusses the process for reviewing employment agreements, red flags, job security terms and negotiations. Uncubed is a resource platform that provides knowledge to employees and founders in the […]
On March 30, 2015, Blitman & King will host its 25th Annual Labor & Employment Law Seminar at Turning Stone Resort Casino.
1 – Employment Agreements 2 – Severance Agreements 3 – Change of Control Agreements 4 – Employee Retention Agreements 5 – Tax Considerations for Credit Union Executives 6 – New Nondiscrimination Rules under Health Care Reform 7 – Takeaways for Credit Union Executives
Jonathan Cerrito Quoted in Bloomberg BNA Article on DOL Attempts to Treat 401K Investment Platform Providers As Fiduciaries
Bloomberg BNA quoted employee benefits partner Jonathan Cerrito in an article about two recent court decisions that rejected the DOL’s amicus position that the 401K platform provider at issue was a fiduciary. Jonathan explains how many of these 401K platform providers have a reservation of rights provision in their contracts. Pursuant to these provisions, a […]
On October 23, 2014, the I.R.S. announced cost of living adjustments affecting dollar limitations for pension and retirement plans for 2015. The elective deferral contribution limit for employees who participate in 401(k), 403(b), or 457(b) plans has increased from $17,500 for 2014 to $18,000 for 2015. The catch-up contribution limit under those plans for those […]
Unions Confronting Employer Spinoff and Joint Venture Transactions Need to Understand Pension Funding Ramifications
Regardless of whether spinoff transactions are vehicles for separating high-growth businesses or a method of taking out the trash, Jonathan Cerrito—a partner with Blitman & King—recently provided unions facing such transactions guidance in an article published by Bloomberg BNA. As Jonathan discusses, unions will want to maintain the security and predictability that existed pre-transaction in […]
Blitman & King Presents on Executive Compensation to Federal Credit Union Executives as Part of VirtualCorp Webinar Series
Jonathan M. Cerrito, Esq. recently presented on executive compensation to a national audience of federal credit union executives as part of VirtualCorp’s webinar series. The program, titled “How to Protect Yourself—What Every CU Executive Should Know,” was presented live on July 15, 2014, and addressed various issues, including the ins and outs of employment and […]
The use of Executive Retention Agreements (“Agreement” or “Agreements”) generally occurs in two broad situations. First, the agreement is a reward in recognition of the executive’s significant contribution to the creation of value and leadership within the company. Alternatively, an executive may know or suspect their employer is going to be acquired or their employment security is in danger for another reason outside of the executive’s control.
Executives of Nonprofits and Tax-Exempts Under ScrutinyUnlawful Terminations and the Impact of Recent Court Decisions | Employment Law
The Internal Revenue Service and other governmental agencies are scrutinizing the pay practices of nonprofit organizations. Specifically, federal and state initiatives, trends and best practices are placing nonprofit organizations under pressure to disclose and justify the executive compensation programs. It is particularly important that executives of nonprofit organizations have their contracts for executive compensation reviewed […]
The Basic Rules for Service Providers