Employment Agreement – U.S. Subsidiary of High Tech & Software
Represented a U.S. subsidiary of an Israeli high-technology, security and software developer, in an employment agreement for a member of their C-suite.
Not-For-Profit Association – Executive Transition
Represented major sports league in connection with all employment and personnel issues.
Not-For-Profit Association – Compensation Plan
Represented a major sports franchise operator in connection with establishing a deferred compensation plan.
Lido Advisors – Key Strategic Partnership
Represented Lido Advisors ("Lido"), a nationally recognized wealth advisory firm, in its entrance into a key strategic partnership with Charlesbank Capital Partners ("Charlesbank"), a middle market private investment firm. Through the partnership, Charlesbank will become a significant investor in Lido alongside the founders and management team.
“We couldn’t be more excited to partner with Charlesbank at this pivotal time for Lido and, more importantly, for our clients,” said Jason Ozur, Lido’s Chief Executive Officer. “With Charlesbank at our side, our unparalleled investment and wealth planning solutions will continue to expand, both in breadth and scope, all to the benefit of our clients.”
Founded in 1999 and headquartered in Los Angeles, Lido is a full-service, independent Registered Investment Advisor (“RIA”) that brings an innovative family office investment approach to grow and safeguard its clients’ wealth and legacies. Lido’s clients include high-net-worth and ultra-high-net-worth individuals, family offices, corporate executives, non-profit organizations and foundations.
Resources
MAXX Properties – Long-Term Incentive Plan (LTIP)
Represented MAXX Properties in the structuring of their state of the art Long-Term Incentive Plan, including the preparation of the Plan documents.
Internal Restructuring of Real Estate Family Office
Represented clients in internal restructuring of real estate family office restricting and facilitating entity simplification plan to implement client desired future business goals, involving more than 80 entities.
Professional Golf Tour – Advised on Spectrum of Matters
Counseled LIV Golf, a professional golf tour whose mission is to modernize the game of professional golf through expanded opportunities for players and fans, on a spectrum of issues including general employment matters, ticketing issues, broadcast and media rights, liability issues and facial recognition technology issues.
Global Parking Company – ERISA Litigation
Successfully represented an international parking company in an ERISA litigation in the Southern District of New York.
Real Estate Investment Advisor – Incentive Equity Option Plan
Represented a prominent, privately owned real estate investment advisor in establishing an incentive equity option plan.
Represented Company in Connection with Strategic Growth Investment
Represented EyeQ Monitoring (“EyeQ”), a leading provider of remote video monitoring and security intelligence solutions, in a strategic growth investment from WestView Capital Partners, a Boston-based growth equity firm focused on partnering with middle-market companies. The investment supports EyeQ’s continued expansion across core end markets and further advance the development of its next-generation analytics and business intelligence capabilities.
Resources
Not-For-Profit Formation
Assisted the Maryland Thoroughbred Racing Operating Authority in forming a not-for-profit affiliate to operate the racetracks.
Leading Wealth Advisory Firm – Strategic Investment
Represented Lido Advisors (“Lido”), a leading wealth advisory firm with over $30 billion in regulatory assets under management, in the closing of its strategic investment from funds managed by HPS Investment Partners (“HPS”). HPS joined Lido’s existing investors Charlesbank Capital Partners and Constellation Wealth Capital, along with Lido’s more than 160 employee-owners, to support the firm’s continued growth and client-first mission.
Resources
Global Chocolate Manufacturer – Employment and Compensation Agreements
Herrick worked closely with the Legal and Human Resources teams of our client, a global chocolate manufacturer and distributor, with drafting employment and compensation agreements for executives located in the U.S. This included stock, option and bonus plans and advising on any tax-related considerations.
Major League Sports Franchise – Executive Compensation Plans
Represented a major league sports franchise in the establishment of restricted stock unit and stock option plans for executives.
Private Equity Client – Executive Retention Program
Represented a private equity client in developing an executive retention program for one of its portfolio companies that was designed to create incentives for executives to remain with the portfolio company while the company was pursuing options for reorganizing the company, including a possible sale of the company.
Offshore Insurer – ERISA Stop-Loss Insurance
Advice to an insurer on providing stop loss insurance to large employers which provide group health insurance coverage to their retirees under self-funded welfare benefit arrangement plans (Section 419E plans under ERISA).
Yankee Global Enterprises – Compensation Plans
Represented Yankee Global Enterprises in the establishment of executive compensation plans.
Investment Advisory and Property Mgmt Co. – Formation of Conduit Limited Liability Company
Represented a real estate investment advisory and property management company in the formation of a conduit limited liability company to facilitate distribution of carried interest from investment fund to employees of investment manager pursuant to an employee incentive compensation plan.
Real Estate Advisory – Employee Stock Incentive Plan
Represented a real estate investment advisory and property management company in the restructuring of its employee stock incentive plan.
Investment Advisor/Property Management Co. – Regulatory Advice
Represented a real estate investment advisory and property management company in the re-evaluation of regulatory compliance mechanisms to accommodate investment advisory clients subject to ERISA.
Senior Executive – Compensation Arrangements
Represented a senior-level executive at a well established private equity firm in establishing compensation arrangements.