Paul Concannon's law practice concentrates in executive compensation and employee benefits. Mr. Concannon's clients include publicly held and privately held companies throughout the United States and include companies with operations in foreign countries.

In the executive compensation arena, Mr. Concannon negotiates and designs compensation programs, including equity-based compensation programs, employment agreements, change of control agreements, retention programs, executive severance programs, supplemental executive retirement plans (SERPs), and other deferred compensation arrangements. He is conversant with, and structures these programs to take into account, federal tax law ramifications, including parachute payment nondeductibility and excise tax considerations (Tax Code Sections 280G and 4999), nonqualified deferred compensation rules (Tax Code Section 409A), and tax deduction limitations applicable to public companies (Tax Code Section 162(m)).

In addition to representing companies, Mr. Concannon regularly negotiates compensation packages and employment agreements for executive officers.

On the employee benefits side, Mr. Concannon designs, and advises employers regarding, various types of broad-based employee compensation plans. In this area, his practice concentrates in tax-qualified retirement plans, such as 401(k) plans, employee stock ownership plans (ESOPs), profit sharing plans, money purchase pension plans, and defined benefit pension plans, including cash balance plans. He also assists employers in the design and administration of health and welfare plans, such as group medical plans, cafeteria plans, and severance pay plans.

Mr. Concannon frequently negotiates, and advises employers regarding, the employee benefit aspects of mergers and acquisitions and ESOP transactions. Mr. Concannon also regularly represents clients regarding Internal Revenue Service and U.S. Department of Labor plan audits and controversy resolution.