Key Compensation Issues in Chapter 11: KEIPs, KERPs, and more

Katherine Vera Coverdale | Kirkland & Ellis LLP

Kate Vera is a partner in the Firm’s Executive Compensation Group.

Admissions & Qualifications

• New York
• Massachusetts
• Pennsylvania (inactive)

Education

• New York University School of LawJ.D.2010
• Visiting Student at University of Pennsylvania School of Law, 2009–2010
• Senior Problem Writer, Casebook Editor — Moot Court
• New York University School of Law LL.M., Taxation201
• Stanford University B.A., English with Distinction2006

Other Distinctions

• Amsterdam Teaching Assistant, Lawyering Program (Legal Research and Writing)
• Research Assistant for Vice Dean Barry Friedman

Vance Yudell | Alvarez & Marsal Holdings, LLC

Vance Yudell is a Senior Director with Alvarez & Marsal’s Executive Compensation and Benefits Practice. Vance focuses on the design and implementation of executive compensation programs at large and mid-sized companies and helps companies tackle how to effectively and efficiently pay and incentivize their employees. Mr. Yudell assists with the development of compensation strategies, benchmarking compensation, annual incentive, and long-term compensation programs that align with a company’s business strategies, all while considering the tax and accounting ramifications.

Mr. Yudell also assists restructuring clients with designing Key Employee Incentive Programs (“KEIPs”), Key Employee Retention Programs (“KERPs”), and Emergence Grants. Prior to joining A&M, Mr. Yudell was a consultant at Mercer, where he focused on total rewards and executive compensation. Mr. Yudell received a bachelor’s degree in Finance from the Cox School of Business and bachelor’s degree in Economics from the Dedmon School of Humanities and Sciences at Southern Methodist University. Mr. Yudell is a Certified Executive Compensation Professional (CECP) through the WorldatWork organization and a member of the Turnaround Management Association (TMA).

I. Applicable bankruptcy law for compensation plans | 3:00pm – 3:20pm

II. Compensation issues in chapter 11 | 3:20pm – 3:40pm

III. The Government Accountability Office bankruptcy report | 3:40pm – 4:00pm

Break | 4:00pm – 4:10pm

IV. Current compensation design trends and compensation alternatives companies should consider | 4:10pm – 4:40pm