Partnership and Operating Agreement Retirement Provisions: Transition Plans, Vesting and Payout Periods, Clawbacks
Recording of a 90-minute CLE video webinar with Q&A
This CLE webinar will advise counsel on how to address specific retirement provisions in partnership and operating agreements. The panel will discuss how transition plans can be established prospectively, the need for both vesting and payout periods, and what type of clawbacks the business should consider from founders. The panel will address best practices in both negotiating retirement provisions in origination documents and how and when such provisions should be reevaluated.
- Partnership and operating agreements
- Transition plans
- Vesting period
- Payout period
- Retirement payment protections
- Retirement ages: early and mandatory retirement
- Working after retirement
- Life insurance
- Transitioning retirement systems
- Founder's agreements
- Other best practices
The panel will address these and other key issues:
- What are the retirement provisions that owners should consider in their organizational documents?
- When should a business include clawbacks in their retirement provisions?
- What are the differences in incorporating retirement (and other) provisions into organizational documents versus a founder's agreement?
GARZA Business & Estate Law
For over a decade, Mr. Garza has represented companies, business owners, and other stakeholders regarding a wide... | Read More
For over a decade, Mr. Garza has represented companies, business owners, and other stakeholders regarding a wide variety of business matters including entity formation, corporate governance, joint ventures, and more. He routinely represents his clients in the reviewing, drafting, and negotiating of a wide variety of business agreements including those with shareholders, vendors, clients, and partners.Close
Michael J. Gorby
Gorby Peters & Associates
Mr. Gorby has tried hundreds of cases and handled thousands of matters for corporations and individuals across the... | Read More
Mr. Gorby has tried hundreds of cases and handled thousands of matters for corporations and individuals across the United States throughout his three- decade legal career. His practice focuses on Insurance Coverage Disputes, Commercial Litigation and Liability for Owners and Managers of Property. Mr. Gorby is also a certified mediator.Close