AA Contact info

Sarah Herklotz
Phone: 919.821.6749
Fax: 919.821.6800
sherklotz@smithlaw.com

Practice Areas

Bar & Court Admissions

  • North Carolina

Education

Duke University, J.D., 1991

Davidson College, B.A., with honors in English, 1988

Holton-Arms School, 1984

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Photo of Caryn Coppedge McNeill

Caryn Coppedge McNeill

Partner
  • 150 Fayetteville Street, Suite 2300
    Raleigh, North Carolina 27601
  • Phone: 919.821.6746
  • Fax: 919.821.6800

Caryn McNeill leads Smith Anderson’s Employee Benefits and Executive Compensation Practice Group, which has consistently received the highest possible rating from U.S. News-Best Lawyers®  “Best Law Firms”(“metropolitan Tier 1 practice”) since 2010. She regularly advises public and private companies on all aspects of the design, implementation and administration of employee benefit plans and executive compensation arrangements, including stock option plans and other types of equity-based compensation arrangements. A significant part of her practice is devoted to counseling and negotiating on behalf of clients in connection with mergers and acquisitions. She also regularly assists employers, lenders and institutional fiduciaries with the structure and implementation of leveraged ESOP transactions.

Professional & Community Affiliations

  • VP and Executive Committee Member, Carolinas Chapter of The ESOP Association
  • National Association of Stock Plan Professionals
  • Triangle Benefits Forum
  • North Carolina Bar Association
    • Member, Board of Governors, 1999-2000; 2001-2002
    • Member, Tax Section Council, 1998-2002
    • Chair, Young Lawyers Division, 1999-2000
  • Member, Board of Trustees, Ravenscroft School
  • Montreat President’s Council

Honors & Awards

  • The Best Lawyers in America© “Lawyer of the Year,” Raleigh Employee Benefits (ERISA) Law, 2013
  • Listed, The Best Lawyers in America©,Employee Benefits (ERISA) Law (2010-2015)
  • Listed, North Carolina Super Lawyers (2014)
  • Martindale-Hubbell AV Preeminent Rated
  • Triangle Business Leader Media's Pro Bono Impact Award
  • 7-Year Member, Smith Anderson's Policy & Planning Committee

Experience

  • Represented a global provider of biopharmaceutical services in its $1.1 billion initial public offering and listing on the New York Stock Exchange, including design and preparation of new stock incentive plan and annual management incentive plan, and assistance with related disclosures.
  • Served as company counsel with respect to ESOP’s participation in $2.04 billion aftermarket auto parts industry merger.
  • Represented a pharmaceutical company being acquired by a global biopharmaceutical company and negotiated related 280G treatment and future severance protection and incentive arrangements for seller’s employees.
  • Advised a public biotherapeutic company about the 409A issues associated with extending the term of expiring options and the correction of same.
  • Represented an institutional ESOP trustee in connection with the purchase of 100% of the stock of a chemical supplier.
  • Advise multiple companies about a variety of issues associated with the administration of their qualified retirement plans, including creating investment policy statements, reviewing investment performance and replacing investment options; analyzing fiduciary issues related to changes in employer contributions or other plan design issues due to changes in economic circumstances; and correcting operational failures arising in day-to-day plan administration.

News

Publications

Events

  • "Executive Compensation for ESOP Companies: What’s Hot and What’s Not,” Carolinas Chapter of the ESOP Association 7th Annual Conference, Pinehurst, North Carolina, August 14-15, 2014
  • "Executive Compensation in ESOP Companies," 2014 ESOP Invitational, Williamsburg, Virginia, March 23-25, 2014
  • “Basics of an ESOP Committee,” Carolinas Chapter of the ESOP Association 6th Annual Conference, Pinehurst, North Carolina, August 15-16, 2013
  • “Trustees and the ESOP Valuation Update:  Is Your Report Keeping Pace with Your Business?,” 2013 ESOP Invitational, Pinehurst, North Carolina, March 24-26, 2013
  • “Best Practices for Internal ESOP Trustees,” Carolinas Chapter of the ESOP Association 5th Annual Conference, Pinehurst, North Carolina, August 16-17, 2012
  • “Valuation JEOPARDY!” The ESOP Association’s Tri-Chapter Regional Conference, Pinehurst, North Carolina, March 25-27, 2012
  • “Fiduciaries & Valuations,” The ESOP Association’s Tri-Chapter Regional Conference, Pinehurst, North Carolina, March 27-29, 2011
  • "An Overview of Health Reform and The Health Care Reform Act," Smith Anderson's 18th Annual Employment Law Update, North Carolina Bar Center, Cary, North Carolina, November 3 and November 10, 2010
  • "Health Care Reform: Where Do We Go From Here?" Carolinas Chapter of The ESOP Association 3rd Annual Conference, Pinehurst, North Carolina, August 19-20, 2010
  • "The Employment Law and ESOP Implications of Reductions in Force and Multiple Layoffs," Carolinas Chapter of The ESOP Association 2nd Annual Conference, Pinehurst, North Carolina, August 27-28, 2009
  • "Opportunities and Obstacles in an Economic Slowdown," The ESOP Association's 2009 ESOP Southeast Regional Conference, Savannah, Georgia, March 26-27, 2009
  • "Are Your 401(k) Fiduciary Responsibilities Keeping You Up at Night?" Joint Program with Aon Consulting, North Carolina Bar Center, Cary, North Carolina, February 5, 2009
  • "Assorted Issues with ESOP Investments in Today's Market," Carolinas Chapter of The ESOP Association 1st Annual Conference, Pinehurst, North Carolina, August 27-28, 2008
  • "Special Issues in Mergers and Acquisitions: Employee Benefits Implications," North Carolina Bar Association 2008 Business Law Section and Corporate Counsel Section Joint Annual Meetings, Pinehurst, North Carolina, February 22, 2008