Kirk Sherman

portrait Kirk Sherman

Practice Areas

  • Executive compensation design and documentation
  • Deferred Compensation
  • Split-dollar life insurance
  • Compensation tax and regulatory compliance

Education

  • Uni­ver­sity of Vir­ginia, J.D., 1984; Vir­ginia Tax Review, Exec­u­tive Editor.
  • Brigham Young Uni­ver­sity, B.A. in Eco­nom­ics, cum laude 1981.

Career

  • Attorney - Sherman & Patterson, Ltd.

    Focus­ing on key employee com­pen­sa­tion in tax-exempt hos­pi­tals, credit unions and asso­ci­a­tions, and in tax­able orga­ni­za­tions; deferred com­pen­sa­tion strate­gies and insurance-based com­pen­sa­tion. 1990 to present.

  • Vice Pres­ident And General Counsel - MCG / Health Care Compensation

    Developed key employee com­pen­sa­tion plan design (includ­ing tax and fund­ing analy­ses), and com­pleted gen­eral coun­sel respon­si­bil­i­ties. 1989 to 1990.

  • Associate - Maslon, Edel­man, Bor­man & Brand

    Focused on key employee com­pen­sa­tion, life insur­ance, estate plan­ning, non­profit orga­ni­za­tions, and cor­po­rate and indi­vid­ual tax­a­tion. 1984 to 1989.

Presentations
  • Webinar - Overview of 457(f) Proposed Regulations August 24, 2016
  • NAFCU | Attracting and Retaining Executive Talent with Fair and Reasonable Compensation April 28, 2015
  • OHA | A New Perspective in Responsible Retention Planning for Healthcare Executives June 09, 2014
  • NAFCU | Executive Benefits - Maximizing Recruitment, Retention, and Rewards within NCUA Rules April 03, 2014
  • Split Dollar - Back to the Future November 19, 2013
  • Reporting Compensation on 2009 Form 990 March 04, 2010
  • NAFCU | Explor­ing Crit­i­cal Fac­tors of Split-Dollar Retire­ment Plans - Under­stand­ing, Design, Admin­is­tra­tion March 01, 2010
  • 409A Document Failure Correction Procedures January 21, 2010
  • NAFCU | Under­stand­ing the Ins and Outs of Non-Qualified Retire­ment Plans for Your Credit Union December 14, 2009
  • Benefits in Mergers and Acquisitions August 07, 2008
  • Deferred Compensation Planning August 07, 2008
  • Split Dollar Post-409A July 24, 2008
  • NACHC | Current Issues in Key Employee Compensation and Contracts August 28, 2007
  • Employee Benefit Trusts August 09, 2006
  • Regulatory Reform of Split Dollar June 05, 2006
  • NACHC | Sanctions, Presumptions and Best Practices March 27, 2006
  • Golden Parachutes – 280G September 30, 2005
  • Executive Compensation Update - The New IRS Initiative October 27, 2004
  • Substantial Risks of Forfeiture May 28, 2004
Articles
  • NAFCU Services | Compensation and Severance Plan Rule Changes May Impact Your Credit Union May 04, 2015
  • CA&NV CUL | Snake Oil Or Liquid Gold? A Board’s Guide To Due Diligence For Loan Regime Split Dollar August 01, 2013
  • CU Times | Board Guide to Loan Regime Split Dollar July 10, 2013
  • CU Business | Loan Regime Split Dollar November 01, 2012
  • CA/NV CUL | IRS Executive Compensation Year in Review August 01, 2012
  • CU Safety | Interview re - Proposed Incentive Compensation Rules for Credit Unions April 12, 2011
  • Split-Dollar Compensation Planning Post Notice 2001-10 June 05, 2001
  • Tax Analysts | Split-Dollar Compensation Planning Post-Notice 2001-10 June 01, 2001
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PO Box 447, Maple Plain, MN 55359