Sevawn Foster Holt
Partner
- LL.M., Georgetown University Law Center, Taxation; Certificate in Employee Benefits Law
- J.D., University of Arkansas at Little Rock School of Law, summa cum laude; Articles Editor - University of Arkansas at Little Rock Law Review
- B.A., Samford University
- Arkansas
Related Services
Sevy represents closely held, publicly held and non-profit clients in employee benefits and executive compensation matters. Her practice centers on the creation and ongoing administration of executive compensation arrangements, including nonqualified deferred compensation plans, “top hat” plans, equity compensation, phantom equity, incentive compensation, employment agreements, severance agreements, excess benefit plans, and change-in-control arrangements. She regularly advises clients with respect to compliance with Internal Revenue Code Section 409A and the tax rules surrounding deferred compensation.
Sevy also drafts, restates and amends 401(k) plans, 457 plans, defined benefit plans and employee stock purchase plans; oversees the correction of retirement plan document, operation and reporting errors using Internal Revenue Service and Department of Labor programs; negotiates compensation and benefits matters in mergers and acquisitions, including golden parachutes, plan assumptions and terminations, and COBRA compliance; and advises on executive pay matters, including Internal Revenue Code Section 280G, W-2/1099 tax reporting, and Form 990 compensation disclosures.
Sevy also drafts, restates and amends 401(k) plans, 457 plans, defined benefit plans and employee stock purchase plans; oversees the correction of retirement plan document, operation and reporting errors using Internal Revenue Service and Department of Labor programs; negotiates compensation and benefits matters in mergers and acquisitions, including golden parachutes, plan assumptions and terminations, and COBRA compliance; and advises on executive pay matters, including Internal Revenue Code Section 280G, W-2/1099 tax reporting, and Form 990 compensation disclosures.
Publications
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"Benefit Basics: Supplemental Unemployment Benefit Plans," Benefits Magazine, July 2020 (co-author)
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"Taking a Look at Supplemental Unemployment Benefit Plans," Benefits Magazine, April 2017 (co-author)
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"Arkansas’s Current Procedural Rulemaking Conundrum: Attempting to Quell the Political Discord," (37 U. Ark. Little Rock L. Rev. 105), 2014
- Facilitated correction of nonqualified plan operational errors under Internal Revenue Code 409A to avoid executive excise taxes and penalties.
- Obtained favorable Internal Revenue Service decision on voluntary correction program filings for 401(k) plan operational errors.
- Coordinated Internal Revenue Code 280G shareholder votes to avoid excise taxes on executive compensation payouts.
- Restructured a partnership retirement plan to be wholly exempt from SECA.
- Coordinated transfer of surplus pension plan assets to avoid excise taxes on employer reversions.
- Obtained favorable standard audit determinations from the Pension Benefit Guaranty Corporation for a pension plan termination.
- Amended executive compensation arrangements to accelerate payment or extend the risk of forfeiture upon a change in control.
- Corrected and restated a public company’s expired employee stock purchase plan to limit tax penalties.
- Negotiated severance payouts and change in control bonuses in connection with a corporate restructuring.
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