John Hendrickson focuses his practice on employee benefits and executive compensation. He has served as counsel to clients large and small, taxable and tax-exempt, including several large multinational corporations, with regard to all aspects of their employee benefit and executive compensation programs. He is known for his creative solutions and a common sense approach to solving client problems. He has extensive experience designing and implementing innovative incentive compensation plans, providing comprehensive assistance in the context of business transitions and counseling client boards and management on effectively managing their benefit programs and minimizing fiduciary risk. For the last eight and a half years, John was the partner-in-charge of McDermott’s Compensation Committee.
Represented a Fortune 150 company in the restructuring of its $500 million employee stock ownership plan, resulting in $850 million long-term cost savings to the company
Represented a Fortune 200 company in the conversion of more than $450 million in convertible preferred stock held by its employee stock ownership and 401(k) plan
Represented a Fortune 500 company in the design and implementation of employee benefits and executive compensation benefits for a $11 billion high-end consumer products public spin-off
Represented a Fortune 200 company in the design and implementation of employee benefits and executive compensation programs for a $4.3 billion supply company spin-off
Represented a Fortune 100 company in the resolution of an Internal Revenue Service (IRS) tax controversy involving one of its employee benefit programs resulting in a $24 million tax savings to the company
Secured an IRS private letter ruling for a Fortune 100 company regarding the use of private grantor trusts to secure and fund supplement executive retirement benefits
Do not send any information or documents that you want to have treated as secret or confidential. Providing information to McDermott via email links on this website or other introductory email communications will not create an attorney-client relationship; will not preclude McDermott from representing any other person or firm in any matter; and will not obligate McDermott to keep confidential the information you provide. McDermott cannot enter into an attorney-client relationship with you until McDermott has determined that doing so will not create a conflict of interest and until you and McDermott have entered into a written agreement or engagement letter that sets forth the terms of our relationship.