Richard Chargar chairs the firm’s Employee Benefits and Executive Compensation group. He advises public and private companies, institutions and other organizations, senior executives and boards of directors on complex benefits and compensation matters.
Richard is involved in all aspects of executive compensation, including deferred compensation, supplemental executive retirement plans, incentive arrangements and equity-based compensation. He routinely advises on corporate governance and regulatory reporting issues involving executive compensation. Richard also has hands-on experience in advising clients regarding executive employment and severance agreements.
In addition, Richard counsels a wide variety of clients on the design, implementation and administration of qualified retirement plans, including 401(k) plans, defined benefit plans, multi-employer plans and collectively bargained pension plans, as well as welfare arrangements such as medical/dental/vision plans and cafeteria plans. Moreover, Richard advises on fiduciary and plan asset matters, including prohibited transaction and unrelated business taxable income issues.
Richard is also skilled in advising on the employee benefits aspects of mergers and acquisitions, public offerings, spin-offs and other corporate restructurings. He has counseled clients on challenges that range from the employee benefits provisions of purchase agreements and change of control and golden parachute matters, to due diligence, the treatment of sellers’ plans, and the integration of acquired employees and plans into acquirers’ plans.
Richard is appreciated by his clients and colleagues for his ability to synthesize complex information and data quickly, and for his straight-forward and direct communication style. He is consistently valued for providing direct, sensible and actionable answers to the daily questions that arise in the course of administering employee benefit plans and executive compensation arrangements.