Matthew Behrens is a counsel in the Compensation, Governance & ERISA practice of Shearman & Sterling LLP. He focuses on all aspects of compensation and benefits, including corporate, securities, employment and tax laws and ERISA. He advises both U.S. and non-U.S. companies on corporate governance and disclosure matters related to executive compensation, as well as employee issues implicated in mergers and acquisitions. He regularly counsels clients on equity-based incentives, deferred compensation programs and employment, retention and severance arrangements. Working closely with our funds group, Matt advises on the application of ERISA’s plan asset, fiduciary and prohibited transaction rules to the structuring, operation, and administration of private investment funds and investment management arrangements. Prior to joining Shearman & Sterling LLP, Matt served as counsel to the pension and investment division of the New York State Common Retirement Fund.
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On June 20, 2023, the New York State Assembly passed A1278B, which amends the state’s labor law to prohibit non-compete agreements (the “Bill”). The Assembly’s passage of the Bill, which comes on the heels of the New York State Senate’s June 7 passage of the Bill’s counterpart, is now headed (...)
