A Surprising Way COVID-19 Is Making Divorce More Complicated
Years ago, only highly compensated executives were the benefactors of lucrative benefits such as stock options, but now many rank and file have significant wealth through employer incentive compensation plans. Over 15 million employees have stock options and restricted stock plans, and this number is expected to balloon in the coming years.
Corporations are desperate to motivate, boost morale, spur productivity and retain their best talent, but are short on cash due to COVID-19. Compensation committees are turning to incentive compensation plans to help bridge the gap and make up for the smaller cash bonus that will be paid in 2020 and 2021.
One challenge with this type of compensation is that in a divorce, the employee can easily “forget” to include the details of the incentive compensation package, leaving their spouse
