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Morgan, Lewis & Bockius LLP

Mary Hevener

Tel:
Work 202 739 5982
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Morgan, Lewis & Bockius LLP

Work Department

Employee Benefits and Executive Compensation

Position

Mary B. "Handy" Hevener is a partner in Morgan Lewis's Employee Benefits and Executive Compensation Practice. Ms. Hevener focuses her practice on benefits provided to employees and independent contractors outside of qualified retirement plans, including stock options and other stock-based compensation; executive income deferrals; golden parachutes; and a range of fringe benefits, from health and life insurance to employee loans, cars, planes, and prizes. Ms. Hevener advises large U.S. and multinational companies on minimizing payroll taxes and maximizing corporate deductions with respect to worker benefits. She has dealt with executive benefits triggered by corporate mergers, acquisitions, and spinoffs, including golden parachute issues and stock option deduction allocations. She counsels on information reporting, compensation plan design, employment contracts, corporate and payroll tax audits, penalty abatements, and IRS ruling requests. Ms. Hevener has also assisted with numerous tax litigations of first impression, including the payroll taxation and deduction of employee meals, the deductibility of corporate aircraft, income tax withholding, FICA taxation of tax-qualified stock options, and the tax treatment of payments to former employees made outside of qualified retirement plans. For more information, view Ms. Hevener's biography at www.morganlewis.com/bios/mhevener.

Career

Prior to joining Morgan Lewis, Ms. Hevener was a partner in the tax practice of a large international law firm, and, before that, she served as a partner in two other large law firms. From 1981 through 1984, she served as an attorney advisor for the U.S. Treasury Department's Office of the Tax Legislative Counsel, where she focused on tax issues affecting current and deferred employee benefits (including parachute payments) and tax-exempt organizations. Ms. Hevener also worked on legislation and IRS guidance affecting alternative minimum taxes, social security taxes, and a variety of excise taxes.

Member

Member of the Advisory Board, New York University's Institute on Federal Taxation; Member, American Bar Association; Member, District of Columbia Bar Association; Member, Virginia State Bar Association

Education

University of Virginia School of Law, 1978, J.D., with Honors; Wellesley College, 1974, B.A., Cum Laude


United States: Labor and employment

Employee benefits, executive compensation and retirement plans: transactional

Within: Employee benefits, executive compensation and retirement plans: transactional

Morgan, Lewis & Bockius LLP has a particular strength in the executive compensation space, where recent highlights saw Gina Lauriero acting for the executive team of FXI Holdings in its acquisition by One Rock Capital Partners, and David Zelikoff advising the executive team of Duff & Phelps on the company’s acquisition by private equity firm Permira. In addition, Gary Rothstein and Mary Hevener advised Dr. Pepper Snapple Group on existing equity employee entitlements and severance arrangements in relation to its $40bn sale to Keurig Green Mountain. Also recommended are practice head Craig Bitman, and Philadelphia-based Amy Pocino Kelly, who acted for Aramark in its $1.4bn merger with Avendra. Daniel Salemi joined the Chicago office from Franczek Radelet. Unless stated otherwise, all named lawyers are based in New York.

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United States: Tax

US taxes: non-contentious

Within: US taxes: non-contentious

The ‚Äėoutstanding‚Äô tax practice at Morgan, Lewis & Bockius LLP¬†impresses with its ‚Äėvery deep legal knowledge, especially in cross-border transactions‚Äô. Recent examples include Boston-based¬†Dan Nelson¬†working with Australian industrial property group Goodman on its expansion into Brazil and the establishment of a $700m investment platform, the Goodman Brazil Logistics Partnership. Washington DC partners Bill McKee, Scott Farmer¬†and John B. Magee¬†handled the tax aspects of a multi-jurisdictional joint venture for a major entertainment industry client. Elsewhere, New York partners Richard Zarin¬†and Mary Hevener¬†acted for Dr Pepper Snapple Group in its merger with Keurig Green Mountain, resulting in the creation of Keurig Dr Pepper. The Chicago office has expanded its capabilities in domestic and international tax planning and SALT matters with the recruitment of Michael Liu, Matthew Mock¬†and Joshua Richardson¬†from Baker McKenzie LLP¬†in February 2018, and corporate tax planning specialist¬†Larry Axelrod¬†in Washington DC from the offices of Ivins, Phillips & Barker. Associate Meghan McCarthy¬†is recommended for federal and state tax law matters. Sarah-Jane Morin¬†in San Francisco and Cosimo Zavaglia¬†in New York made partner in October 2018.

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