Category Archives: Nonqualified Deferred Comp

Motorola Freezes Defined Benefit Plan and Ends 401(k) Match

Posted on December 17, 2008 by Administrator

In a sign of the times, Motorola announced that, effective March 1, 2009, it is freezing its defined benefit plan and, effective January 1, 2009, it will end matching contributions to its 401(k) plan. Motorola also announced that its co-CEOs … Continue reading →

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Interim CEO is Covered Employee for Purposes of 162(m) Tax Deduction

Posted on June 17, 2008 by Administrator

At what point does a member of a corporation’s board of directors qualify as an “outside director” of purposes of Code section 162(m)(4)(C)(i) after serving as an interim chief executive officer? The IRS answered this question today in Rev. Rul. … Continue reading →

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Correcting Operational Failures in Non-Qualified Deferred Comp Plans

Posted on December 10, 2007 by Administrator

With the applicability dates for the Final 409A Regs looming, the IRS has released Notice 2007-100, which contains corrections to unintentional operational failures. The applicable words are “unintentional” and “operational”. Notice 2007-100 is clear that these corrections are not available … Continue reading →

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Savings Clause Now Disregarded in Deferred Comp Plans

Posted on October 25, 2007 by Administrator

Trends come and go in writing plan documents. The hottest trend over the last year, especially for non-qualified deferred compensation plans, has been to include a savings clause when writing plan documents or amendments. David E. Morse, of K & … Continue reading →

Posted in Final 409A Regs, IRS, Nonqualified Deferred Comp | Leave a comment