• Certain Incentive Compensation Plans May Need Reapproval by Shareholders to Ensure Continued Compliance with Section 162(m)
  • February 23, 2006
  • Law Firm: Greenberg Traurig, P.A. - Miami Office
  • Publicly held companies may need to resubmit their executive compensation plans for shareholder approval this proxy season in order to assure that the compensation payable thereunder will qualify as performance based compensation exempt from the tax deduction limitations imposed by Section 162(m) of the Internal Revenue Code of 1986 as amended ("Section 162(m)").