Use this button to switch between dark and light mode.

Give a Little Bit. Adding to the Incentive Comp Package with Executive Perquisites

March 19, 2024 (3 min read)

Executive perquisites, particularly at public companies, have received significant attention (much of it negative) over the last several years, resulting in many public companies cutting back on the level of benefits offered. Still, perquisites often are featured in executive compensation packages and there is good reason to reference them in executive employment agreements.

Read now »

Related Content

  • Fringe Benefit Rules (IRC § 132)
    Review the rules that result in employees, often at the executive-level, receiving non-cash employee benefits that are free, or taxed below their fair market value. The IRS announced recently, in IR-2024-46, that its Large Business and International Division intends to focus on aircraft usage by large corporations, large partnerships, and high-income taxpayers, investigating whether the use of company-owned/leased jets is being allocated properly between business and personal uses.
  • Executive Employment Agreement Negotiation and Drafting (Pro-executive)
    See how provisions regarding perquisites often are included in executive employment agreements. Common perquisites include a car allowance and/or driver, the ability to travel first-class on longer flights, financial and tax planning at the employer's expense, and employer-paid country club and health club memberships. 

Practical Guidance Updates 
Featuring the latest updates from your Practical Guidance account.     

  • Generative Artificial Intelligence (AI) Resource Kit is a frequently updated collection of current Practical Guidance materials on generative AI, ChatGPT, and similar tools.
  • Public Interest, Pro Bono, and Non-Profit Resource Kit offers valuable guidance for those providing pro bono legal services and assisting non-profit organizations and public interest groups. It includes useful content on topics including tenant's rights, fair housing and lending, discrimination, immigration, and general non-profit resources. 
  • Document alerts allow you to stay current on legal developments that affect your practice. Find out how to set up your document alerts
  • Practical Guidance Journal features Generative AI’s explosive impact on the law and legal practice. Explore developments covering Generative AI in discovery, data security, and intellectual property. Also review new private market data for real estate and labor & employment practitioners.
  • Check out our Practical Guidance Author Center! Learn about the 2000+ leading attorney authors contributing to our 26 practice areas, and find out how you can Become a Practical Guidance Author. Practical Guidance is committed to amplifying diverse voices of attorneys across all differences, including gender and race.
  • Legal Developments provide the latest updates and analyses of emerging topics impacting your practice area. Visit the Legal Developments page to see the latest topics, which also include breaking legal news and related Practical Guidance content. 
  • Listen Up! The Practical Guidance and Law360 Podcasts Resource Kit features interviews with industry-leading attorneys on cutting edge issues in the law: AI, NFTs, Cannabis, and more.


Experience results today with practical guidance, legal research, and data-driven insights—all in one place.

Experience Lexis+