Equity awards that vest based on the achievement of performance targets are fairly new to US companies but are becoming increasingly popular. The Towers Watson 2010/2011 Report on Long-Term Incentives, Policies and Practices reported an increase of 44% in the prevalence of performance plans from 1999 to 2010.
Performance awards present unique tax, legal and communication challenges both in the US and globally. Join our panelists Marlene Zobayan of Rutlen Associates and Brenda Tan of Agilent to learn about the challenges of offering performance plans globally, tips and best practices including how Agilent worked through the intricacies of its Performance Plan for employees in 8 countries.
Specific Areas Covered:
Marlene Zobayan, Partner, Rutlen Associates; Brenda Tan,Executive Compensation & Equity Program Manager, Agilent
Marlene Zobayan is a partner at Rutlen Associates LLC. She has over eighteen years of international tax and benefits experience including global equity plans, mobile employee taxation, global compensation and benefits. She provides a full scope of services to her clients including global equity plan design, tax and legal reviews and tax optimization, assistance with local approvals and filings, communications, and designing administrative processes. She is a regular speaker and author on global stock plan and rewards issues. Prior to joining Rutlen Associates, Marlene was the practice leader on the west coast for Deloitte Tax’s Global Rewards group. Marlene has a Physics degree from Oxford University; she is a member of the U.K. Association of Tax Technicians, a US Enrolled Agent and Certified Equity Professional. She sits on the Advisory Board of the Certified Equity Professional Institute.
Brenda Tan is an Executive Compensation & Equity program manager at Agilent Technologies in Santa Clara, California. Brenda has 9 years of experience in executive & international compensation and benefit plans, including plan design, assessment of market compensation levels and competitive positions, tax and legal due diligence of local and mobile employees, expense minimization and plan optimization, recharge arrangements, deferred compensation, executive retirement programs, change-of-control severance provisions, stock ownership guidelines, communications, and evaluation of alternatives to obtain shareholder and/or proxy advisors’ votes (including “Say-on-Pay”).
Brenda received her bachelor's degree in Accountancy from Nanyang Technological University, Singapore and earned her master's degree in business administration from Santa Clara University, California. Brenda is also a Certified Equity Professional (Certified Equity Professional Institute, Santa Clara, California) and a Certified Executive Compensation Professional (World at Work).