Agreements or Arrangements (general guidance)

Report financial agreements or arrangements with an employer or former employer in Schedule C, Part II. Agreements and arrangements are often associated with assets and income (e.g., stock options or restricted stock), and you need to report any assets or income in Schedule A.

For You

Schedule C, Part II

Reportable agreements or arrangements in Schedule C, Part II include:

•  Future employment.

•  Leaves of absence.

•  Continuing payments from an employer, including severance and payments not yet received for previous work. (This does not include ordinary salary from a current employer.)

•  Continuing participation in an employee welfare, retirement, or other benefit plan, such as pensions or a deferred compensation plan.

•  Retention or disposition of employer-awarded equity, sharing in profits or carried interests (e.g., vested and unvested stock options, restricted stock, future share of a company’s profits, etc.).

Complete Schedule C, Part II by providing the following information and any other pertinent details of the agreement or arrangement:

Terms: Briefly describe the type of agreement or arrangement, its terms (in particular, the timing and form of any payments), and its current status.

Parties: Provide the parties to the agreement or arrangement, other than yourself. Include the city and state of the other party. In most cases, the other party will be your employer.

Date: Provide the month and year in which the agreement or arrangement began. In many cases, this will be when you joined the employer or otherwise became eligible for coverage under the agreement.

Agreements and Arrangements That Are Not Reportable

You do not need to report the following as agreements and arrangements in Schedule C, Part II:

•  Agreements and arrangements of your spouse or your dependent children.

•  Agreements and arrangements with the United States federal government, such as your participation in the Federal Employees Retirement System or the Civil Service Retirement System.

•  If you are a Presidential nominee, any agreement or arrangement that will end before you file your nominee financial disclosure report. (In future years, when you file your annual report, you will disclose any agreement or arrangement that you had at any time during the previous year and the current year up until the date of filing.)

•  If you are a “New Entrant,” any agreement or arrangement that ended prior to the beginning of your appointment to your current position. 

 

This guide is not intended to provide investment advice, and you should not rely on statements in this guide when making investment decisions.