Executive Compensation: Year-End Update

Law360, New York (December 11, 2009, 12:01 PM EST) -- As 2009 draws to a close, employers should consider a number of important executive compensation-related issues and developments.

Section 409A Compliance

All employers (public and private) should be aware that in recent months, the IRS has begun audits of employer 2006 and 2007 tax returns for Section 409A compliance.

Several companies have been reported to have received extensive information document requests (IDRs) relating to their nonqualified deferred compensation plans and Section 409A compliance procedures.

While the transition period for amending plan documents to comply with Section...
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