R. Gregory Bailey

R. Gregory Bailey concentrates his practice on employee benefits and executive compensation, including the federal income tax, ERISA, and federal securities law implications of such plans and arrangements. He has more than 25 years of experience with the design, implementation, operation, and communication of a broad range of benefit and compensation arrangements, including Code Section 401(k) and other qualified retirement plans, deferred compensation subject to Code Section 409A, incentive and nonqualified stock options, stock appreciation rights, restricted stock and restricted stock units, global equity compensation plans, and health and other welfare benefit plans. He works regularly with the employee benefit and executive compensation aspects of corporate mergers and acquisitions. Also, he works with the federal securities law requirements applicable to executive compensation and employee benefits.

Prior to joining Bailey & Lumb, Greg worked for 18 years in the employee benefits and executive compensation practice area of a large national law firm. From April 1999 to June 2001, he served as legislation counsel for the United States Congress Joint Committee on Taxation, where he provided policy and technical analysis and advice relating to employee benefits and executive compensation to Members of Congress and their staffs. During his tenure with the Joint Committee on Taxation, Greg played a significant role in the drafting of statutory language and legislative history for employee benefits legislation, including the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). His prior experience also includes working as an employee benefits compliance attorney for an employee benefits software company, an employee benefits administration and consulting firm, and a group life and health insurance company.

Greg is a native of the Eastern Shore of Maryland, and currently lives in the town of Oxford. He is a graduate of Wake Forest University (B.A., Politics, 1983; J.D., 1986), and is licensed to practice law in Maryland, Virginia, Florida and the District of Columbia.

Maria D. Lumb

Maria D. Lumb practices in the area of employee benefits, executive compensation and ERISA. She counsels clients on retirement plans, health and welfare benefits and executive compensation. Maria assists clients with IRS and DOL audits, plan document drafting, amendments and restatements, and reporting and disclosure obligations. She provides legal advice to clients in an effort to ensure that plans, employers and plan fiduciaries comply with ERISA, the Internal Revenue Code and other applicable statutes and regulations. Maria has extensive experience working with clients to properly utilize the various remediation programs offered by the IRS and DOL to address various failures - the Employee Plans Compliance Resolution System, the Voluntary Fiduciary Correction Program and the Delinquent Filer Voluntary Correction Program. She has also been involved in numerous corporate transactions during which she performed due diligence and counseled clients on employee benefit issues arising in the merger and acquisition process.

Immediately prior to joining Bailey & Lumb, Maria was an Attorney-Advisor at the Internal Revenue Service Chief Counsel, specializing in employee benefits. She drafted regulations, participated in public hearings, and collaborated with the Department of Labor, Department of Justice and Treasury Department on various employee benefit issues. Prior to that, Maria spent 11 years at a large national law firm practicing employee benefits law.

Maria is licensed to practice law in Florida, Virginia and the District of Columbia.