Ninth Circuit Rules that Stock Rights Plan is Not Subject to ERISA
In a case of first impression in the Ninth Circuit, the Court held that the Booz Allen Hamilton, Inc. Stock Rights Plan (“SRP”) was not subject to ERISA because its primary purpose was not to provide deferred compensation or other retirement benefits. As background, ERISA applies to “employee welfare benefit plans” and “employee pension benefit […]
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2 min read
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Tagged: Booz Allen, deferred compensation, ERISA, Ninth Circuit, retirement benefit, SRP, Stock Rights Plan
Greg Gautam
Partner