White Paper

Severance Agreements for CEOs of Tax-Exempt Hospitals


Tax-exempt hospitals often offer severance agreements to protect their CEOs if they are ever terminated through no fault of their own.

Tax-exempt hospitals want to retain the best possible employees, and one way they are able to do that is by offering incentives, including a severance agreement option. Although these agreements are common, they should be handled carefully to avoid creating excess benefit transactions under Internal Revenue Code section 4958.



Stephen Kirkland, CPA, CMC, CFC

Atlantic Executive Consulting Group, LLC

Stephen D. Kirkland, CPA, CMC, CFC

  • Compensation consultant with Atlantic Executive Consulting Group, LLC
  • Provides opinion letters on compensation paid by charities
  • Testifies in U.S. Tax Court cases involving the reasonableness of executive compensation
  • Quoted in Barron’s, Kiplinger’s Personal Finance, Bloomberg News, Worth and Wall Street Journal
  • Can be reached at [email protected] or at www.CompensationOpinion.com
  • J.D. degree, University of North Carolina
  • M.P.A. degree, University of Dayton
  • B.S. degree, University of North Carolina

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