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DLA Piper LLP (US)

2000 UNIVERSITY AVENUE, EAST PALO ALTO, CA 94303-2214, USA
Tel:
Work +1 650 833 2000
Fax:
Fax +1 650 833 2001
Web:
www.dlapiper.com

Cisco Palao-Ricketts

Tel:
Work +1 650 833 2190
Email:
DLA Piper LLP (US)

Work Department

Employee Benefits and Executive Compensation

Position

Partner; Co-Chair, US Employee Benefits and executive Compensation Practice

Career

Cisco Palao-Ricketts is experienced in advising start-up, emerging growth and public companies regarding compensation and employee benefits issues.  His practice includes counseling on:

-equity compensation, including incentive stock options (ISOs) and nonqualified stock options (NSOs), restricted stock, stock unit awards, stock appreciation rights, employee stock purchase plans (ESPPs), profits interests and phantom equity arrangements

-all types of compensation and employee benefits issues that arise in M&A, spin-offs and other complex corporate transactions, including with respect to executive retention and post-transaction employee transition matters

-employment, retention, change of control and severance arrangements, as well as bonus and commission plans

-the design, implementation, tax aspects, operation and any related fiduciary obligations with respect to tax-qualified retirement plans, including defined benefit and 401(k) retirement plans, nonqualified deferred compensation arrangements and employee welfare benefit plans, including compliance with Section 409A of the Internal Revenue Code, the Employee Retirement Income Security Act of 1974 (ERISA) and recent healthcare reform laws.

Education

LLM, Georgetown University Law Center; JD, Syracuse University College of Law; AB, University of Illinois


United States: Labor and employment

Employee benefits, executive compensation and retirement plans: design

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

DLA Piper LLP (US)’s global platform provides for a multi-jurisdictional and multi-disciplinary team, which was further bolstered by the arrival of hedge fund and ERISA Title 1 expert Adrienne Scerbak in New York from an in-house position at Sony. In Washington DC, Rita Patel assisted a public telecoms company with the negotiation of a severance agreement pertaining to a CEO residing abroad, and Chicago’s Anne Pachciarek represented an ACA reporting provider in regulatory issues relating to its client base of large employers. A technology company also engaged the team to design and implement incentive structures and special purpose vehicles including employee benefits trusts. Patel heads the group with Silicon Valley-based Cisco Palao-Ricketts and Chicago-based Richard Ashley III.

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Employee benefits, executive compensation and retirement plans: transactional

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

The multidisciplinary practice at DLA Piper LLP (US) recently welcomed hedge fund specialist Adrienne Scerbak to its New York office from an in-house position at Sony. In recent highlights, the team advised Server Technology on its sale to the France-based Legrand Holdings, and assisted Arsenal Capital Partners with the sale of its portfolio company, Certara, to EQT VII Fund. The main names to note are Rita Patel, who sits in Washington DC, Chicago-based Rich Ashley III, and Cisco Palao-Ricketts in Silicon Valley.

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Legal Developments by:
DLA Piper LLP (US)

  • Sentencing guidelines for corporate manslaughter

    In February 2010 the Sentencing Guidelines Council (the SGC) issued definitive guidelines to courts on imposing appropriate sentences for corporate manslaughter and health and safety offences causing death. The SGC states that fines imposed on companies found guilty of corporate manslaughter should not fall below £500,000, while fines in respect of health and safety offences that are a significant cause of death should be at least £100,000. Crucially, the SGC declined to provide for a fixed link between the imposed fine and the turnover or profitability of the offending company.

    - DLA Piper UK LLP

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