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David represents corporations, the compensation committees of their boards of directors, financial investors and management groups and individual senior executives. His practice includes the design, negotiation, and documentation of stock-based compensation arrangements; deferred compensation arrangements; and senior executive employment, change-in-control; and separation agreements. He is a trusted advisor on executive compensation matters.

California recently enacted Section 16608 of the California Business and Professions Code, which bans agreements that require employees to pay a “penalty, fee or cost” upon termination, effective January 1, 2026. 

Bonuses that are subject to repayment will be prohibited by this new law, unless they satisfy the following requirements: