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Marjorie M. Glover

Partner

Marjorie M. Glover

New York

T:+1 212 408 1016

Marjorie Glover’s practice focuses exclusively in the areas of executive compensation and employee benefits law, corporate governance and risk oversight and employment law.

Ms. Glover advises on employee benefits and executive compensation issues in domestic and cross-border mergers, acquisitions, dispositions, public offerings, private placements, project financing and other financings.

Ms. Glover advises on all aspects of executive compensation, including employment, separation and consulting agreements, equity- and cash-based incentive plans, deferred compensation arrangements and issues under Internal Revenue Code Section 162(m) (executive pay cap limits), 280G (golden parachutes) and 409A (restrictions on non-qualified deferred compensation).

Ms. Glover advises regularly on all aspects of compliance with United States employee benefits laws, including, for example, compliance with ERISA and applicable securities, tax, labor and health insurance laws. She has extensive experience in the design, implementation, administration and termination of pension, cash balance, profit-sharing, 401(k) savings, employee stock ownership plans and welfare benefit plans. Ms. Glover represents companies in connection with Department of Labor and Internal Revenue Service filings, audits and investigations.

Ms. Glover has particular experience in health care law requirements for employers, including the Patient Protection and Affordable Care Act of 2010, Health Information Technology for Economic and Clinical Health of 2009, Genetic Information Nondiscrimination Act of 2008, Health Insurance and Portability Accountability Act of 1996, Consolidated Omnibus Budget Reconciliation Act of 1985 and other health care laws.

Ms. Glover advises investment funds and investment fund investors with respect to ERISA’s fiduciary requirements, including plan asset and prohibited transaction requirements and exemptions.

Ms. Glover advises companies, boards of directors and board committees on a wide range of corporate governance and risk oversight matters.

Ms. Glover also advises on all aspects of employment law, including, for example, laws related to wages and hours, payroll tax, non-discrimination, employee discipline, suspension and termination, substance abuse, privacy and leaves of absence.

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  • Education
    • LL.M., New York University School of Law
    • J.D., cum laude, Boston College Law School
    • B.S., magna cum laude, University of Massachusetts, Amherst
  • Admissions
    • Massachusetts State Bar License
    • New York State Bar License
  • Rankings and recognitions
    • Best Lawyers in America - employee benefits law, Thomson Reuters, 2009-2018
    • Super Lawyers’ Top Women Attorney in New York, Thomson Reuters, 2006-2017
    • New York Metro Super Lawyer, employee benefits/ERISA, Thomson Reuters, 2006-2017
    • The International Who’s Who of Professionals, Gibraltar Publishing
  • Publications
    • Regular, monthly "Ask the Expert" columnist for Employee Benefit Plan Review magazine
    • "IRS Extends Deadline for Certain ACA Reporting Until March 2, 2017," Client Alert, November 18, 2016
    • "ISS Proposes Voting Policy Updates for 2017 Proxy Season," Client Alert, November 8, 2016
    • "Year 2017 Benefit Plan Cost-of-Living Adjustments," Client Alert, October 27, 2016
    • "SEC Issues New Guidance on Pay Ratio Rules," Client Alert, October 26, 2016
    • "DOL's Final Fiduciary Rule is Expected to Have Significant Impact on Private Funds," Fund Formation and Investment Management NewsWire, Summer 2016
    • "DOL Issues Long Awaited Final Fiduciary Rule," Client Alert, April 6, 2016
    • "Noteworthy Recent Developments for New York Employers," Client Alert, March 29, 2016
    • "Happier New Year for Health Plan Sponsors: Congress Delays Cadillac Tax and IRS Delays ACA Reporting," Client Alert, December 30, 2015
    • "Introduction to the Department of Labor's New Proposed Fiduciary Rule," Employee Relations Law Journal, Autumn 2015
    • "Recent Developments for New York City Employers: More Rules Passed; More Compliance Needed," Client Alert, August 18, 2015
    • "SEC Adopts CEO Pay Ratio Rules," Client Alert, August 10, 2015
    • "SEC Proposes Long-Awaited Pay for Performance Disclosure Rules, Client Alert, May 4, 2015
    • "DOL Proposes New Fiduciary Rule With Broad Implications," Client Alert, April 15, 2015
    • "Client Alert: SEC Proposes Hedging Policy Disclosure Rules, Client Alert, February 18, 2015
    • "ISS Updates Proxy Voting Guidelines for 2015 Proxy Season," Client Alert, November 24, 2014
    • "Year 2015 Retirement Plan Cost-of-Living Adjustments," Client Alert, October 23, 2014
    • "ISS Proposes New Approaches to Evaluate Equity Plan and Independent Chair Proposals for the 2015 Proxy Season," Client Alert, October 21, 2014
    • "Supreme Court Rejects Presumption of Prudence in Stock Drop Cases, Client Alert, July 2, 2014
    • "Long-Awaited Final Employer Pay or Play Regulations Issued," Client Alert, February 28, 2014
    • "Employer Pay or Play Health Care Mandate Is Further Delayed Until 2016 for Medium-Sized Companies," Client Alert, February 11, 2014
    • "Nasdaq Amends Rules on Compensation Committee Independence," Client Alert, December 6, 2013
    • "Year 2014 Retirement Plan Cost-of-Living Adjustments," Client Alert, November 1, 2013
    • "SEC Proposes Pay Ratio Rules," Client Alert, September 24, 2013
    • "First Circuit Holds That Private Equity Funds Can Be Liable For Portfolio Company Pension Plan Obligations," Client Alert, August 8, 2013
    • "DOL Extends Deadline for Providing Annual Comparative Charts," Client Alert, July 23, 2013
    • "White House and Treasury Delay Employer Pay or Play Health Care Mandate Until 2015," Client Alert, July 2, 2013
    • "American Taxpayer Relief Act Extends Certain Employee Benefits," Client Alert, January 31, 2013
    • "Health Care Reform: DOL Extends Deadline and Issues FAQs for Exchange Coverage Notices," Client Alert, January 31, 2013
    • "Health Care Reform: Next Steps for Employers," Corporate Practice NewsWire, December 2012
    • "IRS Provides Retirement Plan Relief for Hurricane Sandy Victims," Client Alert, November 19, 2012
    • "ISS Releases Draft 2013 Policy Updates," Client Alert, October 23, 2012
    • "New York Employment Law Newsflash," Client Alert, October 22, 2012
    • "Year 2013 Retirement Plan Cost-of-Living Adjustments," Client Alert, October 18, 2012
    • "New Health Care Reform Guidance for Employers," Client Alert, September 2012
    • "Health Care Reform: Continued Impact, Guidance And Uncertainty," FinancierWorldwide.com, October 2012
    • "Your Patient Protection and Affordable Care Act to-do list," Inside Counsel, August 23, 2012
    • "Supreme Court Upholds Health Care Law: Next Steps for Employers," Client Alert, July 13, 2012
    • "The Far-Reaching Impact of the Supreme Court Health Care Reform Decision," Law.com, July 11, 2012
    • "SEC Adopts Final Rules Requiring Listing Standards Related To Compensation Committees and Compensation Consultants," Client Alert, June 28, 2012
    • "Supreme Court Upholds Health Care Reform Law," Newsflash, June 28, 2012
    • "REMINDER: Employers Must Provide New York State Employees With Labor Law Notice In Early-2012," Client Alert, November 30, 2011
    • "Year 2012 Retirement Plan Cost-of-Living Adjustments," Client Alert, October 20, 2011
    • "Recent Developments Under the NLRA -- Why All Employers Should Take Note," Client Alert, October 19, 2011
    • "New York State's Marriage Equality Act: Impact on Employee Benefit Plans," Client Alert, August 15, 2011
    • "Plan Fiduciary Action in Wake of U.S. Credit Downgrade and Global Market Fluctuations," Client Alert, August 9, 2011
    • "Plan fiduciary action in wake of U.S. credit downgrade and global market fluctuations," Financial Regulation International, July/August 2011
    • "IRS Issues Proposed 162 (m) Regulations Clarifying Rules on Deductibility of Performance-Based Compensation," Client Alert, July 13, 2011
    • "SEC Proposes Rules Requiring Listing Standards Related To Compensation Committees and Compensation Consultants," Client Alert, April 4, 2011
    • "SEC Adopts Say-on-Pay Rules, Client Alert," February 1, 2011
    • "New Law Increases Burdens and Risks For New York State Employers," Client Alert, January 26, 2011
    • "New Law Permits In-Plan Roth Conversions," Client Alert, November 2010
    • "2011 Retirement Plan Limits Generally Remain Unchanged," Client Alert, October 28, 2010
    • "Tax-Qualified Retirement Plans: Year End Action May Be Required," Client Alert, September 23, 2010
    • "Non-Qualified Deferred Compensation Plans: Year End Action May Be Required," Client Alert, September 23, 2010
    • "New Grandfathered Health Care Plan Regulations," Employee Benefit Plan Review, August 2010
    • "Dodd-Frank Act: Executive Compensation and Corporate Governance Provisions," Client Alert, August 12, 2010
    • "Health Care Reform: New Grandfathered Health Plan Guidance," Client Alert, June 18, 2010
    • "Health Care Reform: Impact on Employers and Employees," Law.com, April 26, 2010
    • "COBRA Subsidy Extended Through May 31, 2010," April 19, 2010
    • "Health Care Reform: How It May Impact Employers, Employees, and Benefit Plans, Employee Benefit Plan Review," April 2010
    • "COBRA Subsidy Extended Through March 31, 2010," March 3, 2010
    • "Say, pay, play," The Deal, February 19, 2010
    • "DOL Issues Updated Model COBRA Notices, Posters and Flyers," January 19, 2010
    • "IRS Announces Long-Awaited Section 409A Document Correction Program," January 2010
    • "DOL and IRS Issue Guidance on COBRA Subsidy Extension," January 11, 2010
    • "RiskMetrics 2010 Executive Compensation Policy Updates," Client Alert, January 2010
    • "RiskMetrics 2010 U.S. Corporate Governance Policy Updates," Client Alert, December 2009
    • "IRS Issues Final Regulations Affecting Employee Stock Purchase Plans," December 24, 2009
    • "COBRA Subsidy Extended For Additional Six Months," December 22, 2009
    • "SEC Approves Final Rules on Enhanced Executive Compensation and Corporate Governance Proxy Disclosure," Client Alert, December 22, 2009
    • "IRS Extends Year-End Deadline for Adopting Certain Pension Protection Act Amendments," December 14, 2009
    • "Section 409A: Certain Violations May be Corrected by Year End," November 20, 2009
    • "Section 162(m): Immediate Action May Be Required to Preserve Performance-Based Compensation Deduction," November 20, 2009
    • "Treasury and IRS Grant Limited Relief for Cash Balance Plans," November 13, 2009
    • "NY Employment Law Update -- NY Department of Labor Mandates Use of Official Form for New Hires," November 13, 2009
    • "FMLA's Military Leave Provisions Expanded," November 12, 2009
    • "No Retirement Plan Cost-of-Living Increases for 2010," October 15, 2009
    • "‘Say on Pay’ Legislation Gains Momentum," Law.com, September 15, 2009
    • "Recent Developments in New York Employment Law", August 20, 2009
    • "Employment Law Roundup of the Supreme Court's 2008-2009 Term," August 6, 2009
    • "Reminder -- Pension Protection Act Amendments Generally Due By End of 2009; Also, It May Not Be Too Late to Make Required Section 415 Amendments," July 29, 2009
    • "New COBRA Subsidy Requirements," Employee Benefit Plan Review, July 2009
    • "New COBRA Subsidy Requirements Impact Employers, Insurers and Health Plan Participants," Law.com, April 22, 2009
    • "IRS Issues New COBRA Subsidy Guidance," April 1, 2009
    • "DOL Issues New Model COBRA Notices," March 19, 2009
    • "2009 American Recovery and Reinvestment Act: New COBRA Obligations Require Immediate Action," February 24, 2009
    • "2009 American Recovery and Reinvestment Act: Expanded Restrictions on Executive Compensation for TARP Recipients," February 20, 2009
    • "Underwater Options: Practical Guidance," February 19, 2009
    • "New Limits on Executive Pay for Financial Institutions Receiving Federal Funds, Client Alert, February 5, 2009
    • "Lily Ledbetter Fair Pay Act of 2009; Retaliation Law Development, Client Alert, January 29, 2009
    • "Year End Pension Relief, Client Alert, December 30, 2008
    • "New Section 409A Guidance on Income Inclusion and Reporting and Withholding Obligations, Client Alert, December 29, 2008
    • "New FMLA Regulations and Employer Obligations Go into Effect in January 2009, Client Alert, December 19, 2008
    • "IRS Provides Relief for 403(b) Plans, Client Alert, December 16, 2008
    • "New Program to Correct Certain 409A Operational Failures, Client Alert, December 12, 2008
    • "Year 2009 Retirement Plan Cost-of-Living Adjustments, Client Alert, October 17, 2008
    • "Emergency Economic Stabilization Act of 2008: The U.S. Government’s Attempt to Rescue the Financial Industry," October 2008
    • "ADA Amendments: New Protections for Employees and Key Obligations of Employers, Client Alert, September 2008
    • "Implications Of LaRue For 401(k) Plan Participants," Employment Law360, February 26, 2008
    • "New IRS Position on Section 162(m) Performance-Based Compensation for Top Executives to be Applied on a Prospective Basis," Client Alert, February 22, 2008
    • "Section 162(m): IRS' Reversal of Position on Performance-Based Compensation for Top Executives Raises Significant Issues For Public Companies," Client Alert, February 2008
    • "DOL Issues Final Regulations on Qualified Default Investment Alternatives," Client Alert, November 21, 2007
    • "Treasury and IRS Grant Additional Transitional Relief Under Section 409A," Client Alert, October 23, 2007
    • "Year 2008 Retirement Plan Cost-of-Living Adjustments," Client Alert, October 18, 2007
    • "Treasury and IRS Extend Deadline for Amending Plans to Comply with 409A and Provide Additional 409A Relief," Client Alert, September 11, 2007
    • "Final 409A Regulations: What You Need to Know and Do by Year End," Law.com, June 28, 2007
    • "Equity Arrangements Under 409A’s Final Regulations," Client Alert, May 3, 2007
    • "Treasury and IRS Issue Long-Awaited Final 409A Regulations," Client Alert, April 10, 2007
    • "Internal Revenue Service Issues More Pension Protection Act Guidance," Client Alert, January 15, 2007
    • "Treasury and IRS Issue Interim 409A Reporting and Disclosure Guidance for 2005 and 2006," Client Alert, December 11, 2006
    • "Deadline Extended for New Qualified Plan Employer Stock Diversification Requirements," Client Alert, December 7, 2006
    • "Year 2007 Retirement Plan Cost-of-Living Adjustments," Client Alert, October 23, 2006
    • "Treasury and IRS Extend Deadline for Written Compliance With Section 409A," Client Alert, October 15, 2006
    • "Treasury and IRS Issue Transitional Relief for Funding Nonqualified Compensation Plans Through Offshore and 'Springing Rabbi' Trusts," Client Alert, March 29, 2006
    • "New U.S. Deferred Compensation Guidance Impacts Corporate Transactions," Financier Worldwide, December 2005
    • "IRS Suspends 409A’s Reporting and Wage Withholding Requirements for 2005," Client Alert, December 12, 2005
    • "Treasury and IRS Issue Second Round of 409A Guidance: What Companies Need to Know and Do Before Year End," Employee Benefit Plan Review, December 2005
    • "Treasury and IRS Issue 'Second Round' of 409A Guidance: What You Need to Know and Do Before Year End," Client Alert, October 27, 2005
    • "New Guidance Clarifies 409A’s Application to Separation Pay Arrangements," Client Alert, October 27, 2005
    • "Treasury and IRS Exempt Many Foreign Plans and Arrangements Under Proposed 409A Regulations," Client Alert, October 27, 2005
    • "Year 2006 Retirement Plan Cost of Living Adjustments," Client Alert, October 14, 2005
    • "Treasury and IRS Issue Long-Awaited 'Second Round' of 409A Guidance," Client Alert, September 29, 2005
    • "IRS Opens New Program for Determination Letter Applications," Client Alert, August 31, 2005
    • "Employee Benefits & Executive Compensation: Legal Perspectives," June 2005
    • "Supreme Court Finds Disparate Impact Claims Permitted Under ADEA," Client Alert, April 5, 2005
    • "Treasury and IRS Issue Key Guidance on New Nonqualified Deferred Compensation Law - March 2005," Tax Management Compensation Planning Journal, March 2005
    • "Treasury and IRS Issue Key Guidance on New Nonqualified Deferred Compensation Law - December 2004," Client Alert, December 20, 2004
    • "Paying the Piper?," The Deal, December 2004
    • "New Nonqualified Deferred Compensation Law: What To Do (And Not Do) Now," Employee Benefit Plan Review, December 2004
    • "DOL Issues Guidance for Locating Missing Participants in Terminated 401(k) Plans," Client Alert, October 21, 2004
    • "Year 2005 Retirement Plan Cost of Living Adjustments," Client Alert, October 20, 2004
    • "Sweeping Changes to Law Governing Nonqualified Deferred Compensation Plans," Client Alert, October 14, 2004
    • "Treasury and IRS Delay Relative Value Regulations Effective Date," Client Alert, July 5, 2004
    • "Treasury and IRS Withdraw Proposed Cash Balance Regulations," Client Alert, June 15, 2004
    • "Treasury Proposes New Legislation on Cash Balance Plans," Client Alert, February 3, 2004
    • "Year 2004 Retirement Plan Cost of Living Adjustments," Client Alert, October 17, 2003
    • "Employee Benefits & Executive Compensation: Legal Perspectives," August 2003
    • "Treasury and IRS Withdraw Cash Balance Regulations," Client Alert, April 8, 2003
    • "IRS Gives Green Light to Cash Balance Plans," Metropolitan Corporate Counsel, February 2003
    • "Employee Benefits & Executive Compensation: Legal Perspectives," January 2003
    • "Employee Benefits & Executive Compensation: Legal Perspectives," December 2002
    • "Year 2003 Retirement Plan Cost of Living Adjustments," Client Alert, October 21, 2002
    • "The Sarbanes-Oxley Act of 2002 -- Employee Benefits and Executive Compensation Provisions," The Metropolitan Corporate Counsel, October 2002
    • "Employee Benefits & Executive Compensation: Legal Perspectives," August 2002
    • "Employee Benefits & Executive Compensation: Legal Perspectives," July 2002
    • "Economic Growth and Tax Relief Reconciliation Act of 2001: New Opportunities for 401(k) Plan Sponsors and Participants," Tax Management Compensation Planning Journal, August 2001
    • "Employee Benefits & Executive Compensation: Legal Perspectives," July 2001
    • "Employment Law: The Bottom Line," Vol. 7, No. 1, June 2001
  • Speaking engagements
    • "Strategies for Addressing Compensation & Benefits Issues in Chapter 11 Bankruptcies," New York City Bar, New York, NY, October 6, 2015
    • "Emerging Issues: HITECH Act What’s New for 2015 and Beyond? LIVE Webcast," The Knowledge Congress, January 30, 2015
    • "The Business of Fashion - People & Politics: Executive Compensation & Employee Benefits," Lawline, January 18, 2015
    • "The Final Wellness Regulations: A Live Update Webcast," The Knowledge Group, November 18, 2014
    • "Employer Essentials for Start-Ups, New Businesses and Growing Companies," June 19, 2014
    • "Understanding IRS Proposed Regulations on Community Health Needs Assessments," The Knowledge Congress, New York, NY, September 26, 2013
    • "IRS Guidance on Hardship Withdrawals: Practical Tips for Avoiding Common Pitfalls," Lorman Education Services Audio Conference, New York, NY, August 1, 2013
    • "Implementation of the Affordable Care Act: Implications for 2014 and Beyond," New York City Bar Association, New York, NY, March 21, 2013
    • "Impact of Supreme Court Decision on Health Care Reform," New York, NY, July 13, 2012
    • "New Retirement Plan Fee Disclosure Requirements: What You Need to Know and Do Now," New York, NY, May 23, 2012
    • "Executive Compensation & Employee Benefits in Mergers and Acquisitions: Being Duly Diligent with Due Diligence," New York City Bar Association, New York, NY, September 14, 2011
    • "New 409A Document Correction Program: What You Need to Know Now," New York, NY, February 11, 2010
    • "New SEC Proxy Disclosure Rules," New York, NY, February 3, 2010
    • "Recent Developments and Trends in Executive Pay for Financial Services Companies," Thompson Reuters Webcast, New York, NY, December 17, 2009
    • "Benefits in Bad Times," New York City Bar Association, Committee on Employee Benefits and Executive Compensation, Co-Chair and Speaker, New York, NY , June 10, 2009
    • "Hot Topics in Employee Benefits 2008," New York City Bar Association, Committee on Employee Benefits and Executive Compensation, Co-Chair and Moderator, New York, NY, November 19, 2008
    • "Plan Administration After MetLife v. Glenn," BNA, New York, NY, July 7, 2008
    • "The Future of Employee Benefits," New York City Bar Association, Committee on Employee Benefits and Executive Compensation, Committee Chair, New York, NY, April 30, 2008
    • "Employee Plans: Actuarially Speaking," New York City Bar Association, Committee on Employee Benefits and Executive Compensation, Committee Chair, New York, NY, February 28, 2008
    • "New ERISA Rules: How the New ERISA Rules Impact Private Equity," Private Equity Compliance Forum, New York, NY, July 24, 2007
    • "Negotiating Under the New Deferred Compensation Rules, and How to Negotiate Golden Hellos," Forum on Executive Compensation: Strategies and Solutions for the Legal and Financial Advisors to High Level Executives, New York, NY, May 22-23, 2007
    • "New United States Employment Compensation Law Presents Hidden Traps for International Companies," Lawyering in the International Market Conference, Whistler, British Columbia, Canada, April 2, 2007
    • "The New World of Deferred Compensation Under Section 409A of the Internal Revenue Code," New York State Bar Association, New York, NY, December 5, 2006
    • "Plans Not Fully Subject to ERISA, Employee Benefit Fundamentals & Hot Topics," New York, NY, December 8, 2005
    • "The New Deferred Compensation Proposed Regulations: What You Need to Know," New York City Bar Association, New York, NY, October 26, 2005
    • "Employment and Benefits Law Issues for Offshoring and Outsourcing: Legal Issues under United States Law," Global Business: Outsourcing, Crossborder Employment, Business Immigration, Foreign Investment, and Offshore Financial Services, Kitzbühel, Austria, March 13-19, 2005
    • "Pre-filing Issues and Strategies, Bankruptcy and Financial Reorganization Conference," New York, NY, July 31, 2003
  • Memberships and activities

     

    • Advocates for Children
    • Autism Speaks
    • Connecticut Down Syndrome Congress
    • Judge, Yale Mock Trial Invitational
    • American Bar Association, Tax Section
    • Member of Congress of Fellows, Center for International Legal Studies
    • National Association of Corporate Directors
    • National Association of Stock Plan Professionals
    • National Center for Employee Ownership
    • New York Bar Association, Tax Section
    • The Association of the Bar of the City of New York