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What if a bank being sold has a Supplemental Executive Retirement Plan (SERP)? Could that trigger a so-called golden parachute clause with tax consequences for the acquiring bank? The answer is yes.
Scott Richardson says it’s possible to have the benefits of a traditional SERP but tie those benefits to the bank’s performance.
Equias Alliance provides a guide for boards who want to understand nonqualified benefit plan contracts.
Meyer-Chatfield looks at the cost and benefits of the Supplemental Executive Retirement Plan.
An information resource for senior executives and directors of financial institutions.
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