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Valuing Employee Equity

As business lawyers, we frequently get questions from our clients about types of equity incentives and valuing equity: Can an employee have options granted at $0.01? Can we give “free” stock to a new executive? The short answer is that yes, a company can do either of those things.  However, because of often-overlooked tax consequences, your new executive or employee is…
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New York State: Banks and Insurance Providers – New Cyber-Security Standards

Effective March 1, 2017, all banks and entities providing insurance in New York State will be required to meet new, minimum cyber-security standards, and certify compliance each February 15 after internal risk assessments are performed.  While some larger entities may already meet these standards, many will not.  Entities which also engage in business in other…
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Defined Terms? Fuhgeddaboudit!

In September 2016, the Oxford English Dictionary (“OED”) added the word “fuhgeddaboudit”, among others, as part of its quarterly update.  The term is defined as: “In representations of regional speech (associated especially with New York and New Jersey): ‘forget about it’, used to indicate that a suggested scenario is unlikely or undesirable.”  However, anyone who…
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