FASB Statement 123R addresses the issue of expensing stock options and other equity awards to a company's employees and directors. The Statement generally requires that the compensation cost relating to these transactions be recognized in a company's income statement, and includes significant FAS 109 tax accounting requirements.

Please join us as Jill Hemphill and Jay Hare of PricewaterhouseCoopers, and Bruce Shnider of Dorsey & Whitney, provide an overview of the human resource, tax, financial accounting and legal implications of this important topic.

The presentation will include discussion of:

Accounting
- Overview of FAS 123R
- Implementation consideration
- Discussion of uncertain and difficult issues under the new standard

Plan Design
- What is going on in the market
- Alternative equity vehicles
- Stock plan administration considerations

Legal
- Plan drafting / amendment considerations
- Proxy issues
- New 8K reporting issues

Dorsey attorney Bruce Shnider will be speaking at the program.

To RSVP, please contact Sharon Ferch, 612-596-4762, at PriceWaterhouseCoopers.

For more information, please visit the PWC website