Can someone explain how incentive units work in the context of PE transactions?

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Your executive compensation associate should be able to

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Think of them as a stand in for stock options. Concept is that you want to incentivize employees to grow your business. One way to do that is through equity. If the company is worth XYZ dollars when they are onboarded - they (typically) shouldn’t participate in that XYZ because they weren’t a part of growing the company to that level. The Incentive Unit would allow them to participate in any sale or other proceeds in EXCESS of XYZ.

There are other wrinkles (taxes, sometimes you do want them to participate in the first XYZ, vesting, etc) - but the above is the forest level concept.

If you can find a good CLE on PE portco waterfalls that would be a great place to understand more of the nitty gritty.

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Depends, but those are usually profits interests that will vest and get paid out on the sale and get capital gains treatment. But, yeah, check with the EBEC folks.

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Sarah Thompson’s name is not on the list 🤔. Thoughts?

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Is it wise to choose a company having 2 months notice period giving 3.5 lacs less than other company having 3 months notice period.
Tech sap abap
Yoe 5.5 years

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The right mentor will have such a positive impact on both your private life, start a business or career!!!

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How do your companies track talent and music usage, are there any good software applications for this?

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Hi Folks,

Is 27K zloty a good salary for a bachelor in Wroclaw??

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Thanks in advance

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Wrapping my head around the equity piece of an offer. Is the equity you are granted in dollars converted to shares right away? So if the stock goes up or down, the totally dollar amount in equity granted when you sign might not be what you actually get over the first four years?

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Favorite Consulting Meme Instagram accounts?

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How long does it take for Morgan Stanley to get back after a Superday? It was with the FRM division btw. Morgan Stanley

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Hi, any leads on job consultant to help for procurement jobs in UK?

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To take advantage of the next big economic downturn, should I set up a Robinhood or Charles Schwab account?

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Seeing how 401k’s, ira’s etc..are mostly based in stocks. What happens if we have another Great Depression and the stock market crash’s. Even if you have Real estate investments, if ppl can’t pay rent like with Corona, that’s not really helpful. So what are other ways in addition to those mentioned is there to help secure you into old age? 

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What to do with pharma stocks like Pfizer, moderna.. doesn’t seem to be trending up..

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911 Carrera S vs GTS

I really want to do a low key spec on my next car but it’s almost impossible to spec the GTS without black wheels/accents turning it into a more aggressive looking car.

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Epam anywhere offering 12.6 + 60 k JB for A2 software automation engineer , I ask to revise with better amount but they said it is best maximum offer ? Need suggestions I am having 4+ yoe in software automation testing is it good ?

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Hi All,

How is epam anywhere different from epam systems ?

Can switch to epam anywhere from epam systems ?

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Does your company offer Volunteer Hours? If so, how many per year?

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Saw some people from EY TAS change their titles to Strategy and Transactions on LinkedIn. Is this just a fancy name change the group did or are EY TAS folks now doing strategy work in addition to the typical FDD work ?

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Any audit senior 3 and 1st year managers here? What positions are audit senior 3 and 1st year managers leaving big4 for?

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Hi,
Looking for Java Developer role. YOE 2.5
Please let me know if anyone can refer.

Thanks

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Need help to decide:
UK: 40000gbp
Germany : 63000euro , 5000 relocation bonus.
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Additional Posts in Big Law

Any Atomic Habit readers here? I’m brainstorming identity-based habits for two things I want to change:

-I want to bill more hours, so my goal is to become the type of person who bills at least 8 a day
-I want to drink less alcohol, so my goal is to become the type of person who drinks occasionally

Neither of these feel that helpful. Any one have suggestions for other identity-based goals that get at these changes I want to make?

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Is it normal for a firm to require you to complete a conflicts check/questionnaire BEFORE they provide you an offer?

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Best firms for healthcare transactions?

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Which Big Law firms in San Francisco/Bay Area have good L&E groups? Good as in legitimate group and not some group that claims to do the work but really just writes blog posts and answers some advice and counsel questions. Amongst those, any intel on culture, WLB, etc.?

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Any news from DPW? 🤔🤔

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Give me the strength to set a boundary today and do something fun instead of waiting by my computer for emails

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Texans. Just got an offer from a V10 to relocate down and do litigation. Excited but the offer was 20k below market. Talked to managing partner and they said it’s the market in Houston so if I can find other firms paying full market they will raise it since I’ll be the only jr. - mid level. So give me names, who pays cravath in Houston?

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Anyone else super unimpressed with administrative support with a new firm after lateraling? I told a partner I’d just take care of a routine task myself. He told me my rate is too high and to use a “project manager” (basically an intern they can pay less than a paralegal). We have a 40 person group and 3 project managers making starvation wages. Big firm. You’d know the name.

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Best backup plans if you get fired from a Big Law firm within a year or two after graduating? Go to a non-BL firm and then try to lateral back into BL?

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Are there any books or other resources that mid levels/seniors/counsel/partners on here have found helpful for the project management / managing junior attorney aspects of your job?

I am not finding a lot of stuff written for lawyers specifically , but there is a lot directed at “managers” in business generally that I imagine could be applicable.

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To the lender counsel that forgot to mention they needed original signature pages for a deal that closed early this year and decided to chase and harass me a day before thanksgiving and a day after thanksgiving multiple times. F*ck you. I don’t know what is driving your lack of courtesy but I have represented the same bank before and know their usual original signature requirement.

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Why does it feel like everyone year 5 and senior is married? Even the ones that went straight through?

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Restructuring/Bankruptcy associates, how slow have you been this year so far? Seems like industry wide it’s been a very quiet year.

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What can a junior associate do about a mid-level that constantly asks questions about things they were cc’d on, sends dozens of piecemeal emails and is generally just super high strung and needs everything right away?? No other mid-levels I’ve worked with act this way and this individual I’m working with is driving me insane and I’ve spent countless hours attaching emails and saying “as explained in the attached email…”

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When do you switch from first-year to second-year at your firm in terms of salary - at the end of the firm’s fiscal year or January 1? For context, my firm’s fiscal year ends in November and the annual billing requirements restart then.

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Are L&E firms raising salaries (Littler, Fisher, Ogletree, etc.)? What is starting compensation?

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I’m have a new theory about why juniors always feel like idiots and wanted to see if anyone else thinks this makes sense. I’m a third year, and am the most junior person all of my teams (generally me, a senior or two, and a partner or two), and I always feel like I’m messing something up. Is this just because I never get to work with other juniors and don’t see the mistakes they make, and that it’s relatively normal? And FWIW I went to HYS and I’ve had a clerkship so it’s not like I’m not smart

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I got that coveted big law job.

But I would much rather want a family of my own and someone to hug and kiss, something I feel really sad about around christmas.

Never had much contact with my dad, and two years ago, I broke off contact with my mother because I realized that she had been a manipulative narcissist my entire childhood.

Working 50-60h weeks on average doesn’t help your dating life though, and who would want to date someone with no family anyway

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Does your firm let you take 28-30 December off? Many of my team members won’t be working those days and I decided last minute that I’d like to travel somewhere between Christmas and the New Year.

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Mid-level when she's leading the call: please make sure you take notes. It's expected of the person not leading a call (note I always take notes)

Me(jr): asked to lead a call for a different deal as training. Mid-level doesn't take notes (also on call) and tells me it's the job if the junior to take notes.

likefunny

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