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The Internal Revenue Service recently released Revenue Ruling 2012-19 to clarify that dividends and dividend equivalents granted in connection with restricted stock or restricted stock units (“RSUs”) that are considered performance-based compensation for purposes of Code Section 162(m) must also separately satisfy the requirements under Code Section 162(m) to be treated as performance-based compensation excludible from the deduction limitation set forth in Code Section 162(m
Two recent state court decisions Fitzgerald v. Young America Corporation, et al. and Vondjidis v. Hewlett Packard Corporation have raised the bar for companies seeking to comply with the unclaimed property laws of the various states and territories
