Compensation Committee Resolutions: Certifying Achievement of Performance Goals Under Section 162(m) | Practical Law

Compensation Committee Resolutions: Certifying Achievement of Performance Goals Under Section 162(m) | Practical Law

Resolutions of the compensation committee of the board of directors certifying the achievement of performance goals for a recently completed performance period in compliance with the qualified performance-based compensation exception under Section 162(m) of the Internal Revenue Code. These resolutions are drafted as standard clauses and should be inserted into board minutes or a form of unanimous written consent. These Standard Clauses reflect the changes made to Section 162(m) by the Tax Cuts and Jobs Act. 

Compensation Committee Resolutions: Certifying Achievement of Performance Goals Under Section 162(m)

by Practical Law Employee Benefits & Executive Compensation
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Resolutions of the compensation committee of the board of directors certifying the achievement of performance goals for a recently completed performance period in compliance with the qualified performance-based compensation exception under Section 162(m) of the Internal Revenue Code. These resolutions are drafted as standard clauses and should be inserted into board minutes or a form of unanimous written consent. These Standard Clauses reflect the changes made to Section 162(m) by the Tax Cuts and Jobs Act.