| Steven B. Greenapple
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Steve is also experienced in designing and implementing other forms of equity compensation plans such as stock appreciation rights, phantom stock plans and stock option plans. Steve is frequently brought into transactions as special ESOP counsel by clients’ corporate counsel. He has also served as an expert in litigation related to ESOPs in State and Federal court.
Prior to focusing his practice on ESOPs, Steve practiced business and transactional law for over 20 years. He works with clients in a variety of industries, and has been involved in every phase of clients’ businesses. Steve advises on organization structuring relationships among founders, investors and joint ventures, and on negotiating, drafting and administration of agreements. He also provides access to other resources, such as trustees, valuation advisors, lenders, accountants, investment bankers, financial advisors and attorneys, to help clients achieve their objectives.
Steve is a member of the National Center for Employee Ownership as well as The ESOP Association, where he previously served as the New Jersey State Chapter Secretary and currently serves as the New York State Chapter Vice President and on the national Legislative and Regulatory Committee.
Steve received his Bachelor of Science from Cornell University and his J.D. from Cornell Law School. He is admitted to practice in New Jersey, New York and Pennsylvania. He has received Martindale-Hubbell’s highest “AV” rating.
Featured Speaking Engagements
June 2011: Led discussion of "Legal and Valuation Issues Concerning ESOPs" at The ESOP Association's New Jersey/New York Chapter CEO/CFO Breakfast Roundtable in New York, NY
April 2011: Presentation on "Succession Planning Using an Employee Stock Ownership Plan" at the Insurance Mergers & Acquisitions Four City Executive Conference sponsored by Hales & Company and held in Orlando, FL, New York, NY, Los Angeles, CA, and Chicago, IL
April 2011: Presentation on "Best Practices in Leadership: Corporate Governance in an ESOP Company" at the NCEO Annual Conference in Denver, CO
September 2010: Presentation on "DOL Audits of ESOPs: The Trustee’s and Practitioner’s Point of View" at The ESOP Association's Multi-State Conference in Scranton, PA
April 2010: Presentation on "Corporate Governance in the ESOP Company - The Basics" at the NCEO Annual Conference in Minneapolis, MN
May 2009: Participant in a Roundtable Discussion on "S or C Corporation: Which is Best in Hard Times, and What are the Considerations of Converting in Hard Times" at The ESOP Association’s Annual Conference in Washington, DC
April 2009: Presentation on "Understanding & Solving Problems in a Department of Labor Audit" at the NCEO Annual Conference in Portland, OR
April 2009: Presentation on "Corporate Governance" at The ESOP Association's NY/NJ Chapter Upstate Conference in Syracuse, NY
September 2008: Presentation on "Best Practices for DOL Audits" at The ESOP Association's Multi-State Conference in Scranton, PA
April 2008: Presentation on "Advanced Corporate Governance" at the NCEO Annual Conference in Chicago, IL
February 2008: Presentation on "Selling Your S Corporation ESOP Company" at The ESOP Association’s 10th Annual S Corp Conference in Lake Buena Vista, FL
January 2008: Presentation on "Ownership Transition and Shareholder Liquidity: Capital Markets Update, Valuation Methods, Transaction Alternatives and ESOPs" to General Building Contractors of New York State in Marco Island, FL
September 2006: Presentation on "The Role of an ESOP Trustee in Corporate Governance" at The ESOP Association's Multi-State Conference in Scranton, PA
September 2006: Presentation on ESOPs before the RV Dealers Association conference in Las Vegas, NV
March 2006: Presentation on "Legal Aspects of ESOPs" at the NCEO's ESOP Feasibility: Beyond the Basics national conference in St. Louis, MO
November 2005: Presentations on "Tax Deferred Sales under Section 1042" and "Somebody Wants to Buy Us. Now What Do We Do?" at The ESOP Association's Technical Conference in Las Vegas, NV
September 2005: Led discussion in ESOP Legal Issues Roundtable at The ESOP Association's Multi-State Conference in Scranton, PA
September 2005: Presentation on ESOPs before the RV Dealers Association conference in Las Vegas, NV
October 2004: Presentation on "ESOPs - The Overlooked Alternative for Selling a Business" at the 5th Annual Business Law Symposium in Iselin, NJ
Selected Articles
July 2011: Contributed a Legal Update, "A Wrap-Up of Recent Case Law Developments," to The ESOP Association’s ESOP Report
2010: Co-wrote the "Determining Fiduciary Status" chapter of The ESOP Association's ESOP Fiduciary Handbook
June 2010: Contributed a Legal Update on "Interference with ERISA Rights and Retaliation" to The ESOP Association’s ESOP Report
January 2006: Contributed "Business Succession Planning & ESOPs" in RV Pro
September 2005: Contributed "ESOPs - Creating a Buyer for the Closely Held Business" in RV Executive Today |
Steven B. Greenapple has extensive experience in transactions involving Employee Stock Ownership Plans. He has represented ESOP plan sponsors, shareholders selling to an ESOP, and ESOP trustees in transactions establishing and amending ESOPs, increasing ESOPs’ share ownership, using ESOPs to acquire other businesses, and terminating and buying out ESOPs.