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How does Jordana Nelson's prior experience as a general counsel inform her work with firm clients? Read more>

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The M&A Advisor Winner 2017The M&A Advisor announced the winners of the 16th Annual M&A Advisor Awards on Monday, November 13 at the 2017 M&A Advisor Awards. Bass, Berry & Sims was named a winner in the two categories related to the following deals:

M&A Deal of the Year (from $1B-$5B) – Acquisition of CLARCOR Inc. by Parker Hannifin Corporation

Corporate/Strategic Deal of the Year (over $1B) – Acquisition of BNC Bancorp by Pinnacle Financial Partners

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Regulation A+

It seems that lately there has been a noticeable uptick in Regulation A+ activity, including several recent Reg A+ securities offerings where the stock now successfully trades on national exchanges. In light of this activity, we have published a set of FAQs about Regulation A+ securities offerings to help companies better understand this "mini-IPO" offering process, as well as pros and cons compared to a traditional underwritten IPO.

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Labor Talk Blog: Department of Labor Issues Final Rule Requiring Paid Sick Leave for Federal Contractors

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October 3, 2016

The U.S. Department of Labor has issued its final rule requiring federal contractors to provide at least seven days or 56 hours of paid sick leave each year to employees who perform work on covered federal contracts. This rule is the final implementation of Executive Order 13706, which President Obama issued in September 2015. The new rule becomes effective on November 29, 2016, though in most instances, as discussed below, it will only be applicable to new contracts awarded on or after January 1, 2017. Contractors should, however, take steps now to ensure compliance.

Under the new rule, federal contractors must provide covered employees with the accrual of at least one hour of paid sick leave for every 30 hours worked on a covered contract and at least 56 hours each year. In the alternative, a contractor may choose to provide an employee with at least 56 hours of paid sick leave at the beginning of each year rather than having the employee accrue leave over time. In either case, any unused paid sick leave must carry over from one year to the next (though it need not be paid out upon termination absent an employer's contractual obligation to do so). A contractor's existing paid time off policy may satisfy the new rule's requirements but only where the policy is at least as favorable to employees as the new rule requires (including accrual, carryover and usage obligations).

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To continue reading the content in this article on the firm's Labor Talk blog, please click here to view the post.

Bass, Berry & Sims' Labor Talk blog features news, commentary and insights on the complicated and constantly changing labor and employment laws affecting employers.


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