Legislative Documents
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<nobr>Oct 4, 2004</nobr> Nonqualified Deferred Compensation (“NQDC”)
The amendment makes technical changes to the proposed legislation on NQDC. The amendments are consistent with eliminating abusive arrangements and provide bright-line rules on a going forward basis for NQDC. These modifications are needed to ensure that employers can satisfy the new rules on a timely basis; that participants in non-abusive arrangements are not improperly penalized; and that employers may continue to offer appropriate NQDC and equity arrangements that will assist employees in saving for their retirement and satisfy retention goals. |