CONFERENCE AGENDA
June 19, 2008
7:30 - 8:15 AM
Deluxe Continental Breakfast & Registration
8:15 - 8:30 AM
Welcome & Opening Remarks
8:30 - 9:30 AM
Equity Awards
- Application of FAS 123R to employees
- Determination of grant date
- Market, performance and service conditions
- Multiple conditions
- Alternative equity awards (restricted stock, performance shares, stock-settled stock
appreciation rights)
Legal & Regulatory Update
- Executive compensation: the new Compensation Disclosure & Analysis (CD&A) section
- Corporate governance
- Backdating issues
- Sarbanes-Oxley 404 considerations
- Disclosure requirements
Break
10:45 AM - 12:00 PM
Legal & Regulatory Update (continued)
12:00 - 1:45 PM
Luncheon & Presentation
1:45 - 2:45 PM
Liability Awards
- Market, performance and service conditions
- Awards indexed to something other than a market, performance or service condition
- Meeting certain conditions of FAS 150
- Cash-settled SARs
- Put and Call rights
Valuation
- "Closed end" option pricing model (Black Scholes)
- Binomial or "lattice-based" option pricing model
- Expected volatility: historical volatility as a starting point, market implied, peer group, mean revision tendencies
- Expected term considerations: vesting period, contractual term, historical exercise, stock price patterns, peer group information
Break
4:00 - 5:30 PM
Hot Topics
- Market awards
- Earnings Per Share (EPS) impact
- Non-employee awards
Cocktail Reception
June 20, 2008
7:15 - 8:00 AM
Deluxe Continental Breakfast
8:00 - 9:30 AM
Accounting for Plan Modifications
- Assessing the type of modification
- Repricings, acceleration of vesting, reclassification of an award, spin-offs, stock dividends, business combinations, antidilution provisions
- Business combinations
Break
10:00 - 11:30 AM
Tax Aspects
- 409A: deferred compensation rules
- ISO (Incentive Stock Options)
- NQSO (Non-Qualified Stock Options)
Luncheon
12:30 - 1:30 PM
Accounting for Taxes
- FAS 109 applications
- Windfall pools
- EITF 06-11
Break
1:45 - 3:15 PM
Plan Design/Comp Structure
- Selecting the appropriate plan
- Understanding the benefits of various comp structures
- How are the income statement and balance sheet affected?
Q&A
4:00 PM
Conference Ends
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