<nobr>Oct 11, 2004</nobr>

NQDC Provisions Cleared for President

NONQUALIFIED DEFERRED COMPENSATION AMENDMENTS APPROVED BY CONGRESS, EXPECTED TO BE SIGNED BY PRESIDENT -- ERIC CONFERENCE CALL SCHEDULED FOR OCTOBER 14.

Today (Monday October 11) the Senate, by a vote of 69-17 (with one voting present), approved the Conference Report on H.R.4520, the corporate-international tax bill that contains provisions revamping the rules regarding nonqualified deferred compensation. The House of Representatives had approved the Conference Report on October 7 by a vote of 280-141. The President is expected to sign the bill. The bill is generally effective 1-1-2005.

Below is a side-by-side comparing the House and Senate bills with the final Conference agreement.

Websites:

Side by Side Comparison

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