Rhoads & Sinon’s Employee Benefits practice group has wide experience in the area of employee stock ownership plans “ESOPs” and equity performance based incentive plans or “EIP”.
Drake Nicholas, who leads this practice area, has worked with private and public companies in all facets of ESOP’s and EIPs for over 25 years and regularly serves as special advisor or legal counsel to other professional advisors as a result of his special concentration and experience in ESOPs and EIPs.
The firm’s ESOP and EIP practice is experienced in feasibility and design of ESOP and EIP plans as well as providing counsel and advise in the implementation and financing of ESOP programs.
Because ESOPs require expert knowledge in different legal disciplines, whether, tax, ERISA, commercial law, securities law, or transition and estate planning, the firm is able to provide public or private companies, owners, management groups or acquirers with the experience necessary to make all pieces of the puzzle fit in place.
Mr. Nicholas also serves as an independent trustee in certain ESOP transactions requiring the perspective of an experienced, independent fiduciary. The firm’s ESOP and EIP practice is also regularly involved in designing all types of equity incentive compensation plans, such as restricted stock plans, phantom stock plans and equity based deferred compensation plans to name few.
5.0/5.0 by a Partner on 12/09/09
5.0/5.0 by a Partner on 06/09/14
5.0/5.0 by a Associate/Assistant General Counsel on 05/03/10
5.0/5.0 by a Deputy General Counsel on 07/25/12
5.0/5.0 by a Partner on 05/04/12
5.0/5.0 by a Sole Practitioner on 08/20/11
5.0/5.0 by a Government Counsel on 07/25/12
5.0/5.0 by a Member on 06/20/13
5.0/5.0 by a Judge on 07/08/13
5.0/5.0 by a Partner on 02/17/12
Rhoads & Sinon is committed to enhancing the diversity of our workplace through the recruitment, hiring, retention, training, professional development and advancement of a diverse group of attorneys and employees on the basis of demonstrated merit and performance.
We also strive to maintain and promote an inclusive culture in which individual differences are respected, appreciated, recognized and valued as qualities that strengthen our working environment and contribute to our ability to serve our clients.