Brian Jebb is a partner based in the New York office of Allen & Overy LLP and heads up the U.S. Employment and Benefits practice. He specializes in cross-border and U.S. employment and employee benefit arrangements, with particular expertise in advising global institutions on their international employment and benefits issues. Brian is valued by clients for his ability to advise clearly on complex matters, and he is a regular contributor to the A&O Employment Talks blog. Brian is also the Co-Chair of the New York Recruitment Committee.
Brian has wide experience of all employment and benefit aspects of corporate transactions, including M&As, LBOs, spin-offs and IPOs. He advises public and private companies and private equity firms on, amongst other matters, the design and implementation of their annual and long-term incentive compensation plants, hiring and reduction of workforce, restrictive covenants, equity incentive compensation arrangements, severance and retention arrangements, taxation, ERISA, securities and regulatory laws. Brian advises private equity funds on executive compensation and ERISA issues in transactions. Brian also advises on ERISA issues in credit agreements, transactions and plan asset issues in venture capital arrangements.
Sarah Henchoz is a partner at Allen & Overy LLP. She has considerable experience advising clients on the full range of both contentious and noncontentious employment matters. She regularly advises clients on the complex and sensitive issues arising out of the acquisition of a business and the harmonization of that business into the wider corporate structure both locally and cross border. This involves advising on implementing new service agreements and benefit packages for senior executives, employee and trade union consultation and post-completion integration. Sarah also regularly appears in and advises clients on employment tribunal matters, particularly in the areas of discrimination and whistleblowing and in respect of bonus claims. She also has significant experience of managing cross-border projects. Sarah is a regular contributor to employment journals such as practical law, and is frequently quoted in the press. Prior to working at Allen & Overy, Sarah spent two years as an in-house employment lawyer where she developed a practical and commercial approach to problem solving in a unionized workforce.
The use of clawbacks and malus provisions gained global momentum following the Enron and Worldcom scandals, but the financial services industry has been slow to follow suit. Allen & Overy’s Brian Jebb and Sarah Henchoz discuss. Compensation recovery provisions, commonly known as “clawbacks,” are an effective means to deter fraud and undue risk-taking by financial services C-suite executives, but they are utilized...
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