Section 409A Six-month Delay, Short-term Deferral and Separation Pay Plan Analysis Flowcharts

Resource type: Checklist

Status: Maintained

Jurisdiction: USA

Three flowcharts to help determine whether the six-month delay for specified employees, the short-term deferral exception and the separation pay plan exception under Internal Revenue Code (IRC) Section 409A apply to payments to participants in nonqualified deferred compensation plans on separation from service.

Regina Olshan and Erica Schohn, Skadden, Arps, Slate, Meagher & Flom LLP

Regina Olshan is the author of the Section 409A Handbook published by BNA Books. For more information on this resource, please click here.

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Resource information

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Resource ID: 3-501-9168
Products: PLC US Employee Benefits & Executive Compensation, PLC US Law Department
This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.

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Related content

Related content

Topics

Employee Benefit Plans: Administration and ComplianceEmployee Benefit Plans: Administration and Compliance (http://us.practicallaw.com/5-503-9113)
Executive CompensationExecutive Compensation (http://us.practicallaw.com/6-503-9117)

Practice Note: Overview

Section 409A: Deferred Compensation Tax Rules: Overview Section 409A: Deferred Compensation Tax Rules: Overview (http://uslf.practicallaw.com/topic6-501-2009)
Severance Benefits, Plans and Agreements: Overview Severance Benefits, Plans and Agreements: Overview (http://uslf.practicallaw.com/topic5-504-9367)

Practice Notes

Applying Section 409A to Severance Benefits Applying Section 409A to Severance Benefits (http://uslf.practicallaw.com/topic6-501-2702)
Specified Employees under Section 409A Specified Employees under Section 409A (http://uslf.practicallaw.com/topic7-501-1330)
Terminating a Senior Executive: Key Benefits Issues Terminating a Senior Executive: Key Benefits Issues (http://uslf.practicallaw.com/topic5-500-6650)

Standard Document

Payments to Specified Employees under Section 409A: Explanatory Memorandum for Directors/Compensation Committee Payments to Specified Employees under Section 409A: Explanatory Memorandum for Directors/Compensation Committee (http://uslf.practicallaw.com/topic5-501-2364)

Standard Clause

Model Section 409A Employment Agreement Provisions Model Section 409A Employment Agreement Provisions (http://uslf.practicallaw.com/topic7-503-0263)

Checklists

Analyzing Severance Plans Flowchart Analyzing Severance Plans Flowchart (http://uslf.practicallaw.com/topic4-505-5858)
Compensation Used to Determine Specified Employees Checklist Compensation Used to Determine Specified Employees Checklist (http://uslf.practicallaw.com/topic7-501-1325)
Deferral Election Deadlines under Section 409A Chart Deferral Election Deadlines under Section 409A Chart (http://uslf.practicallaw.com/topic1-502-9253)
Determining Specified Employees under Section 409A Checklist Determining Specified Employees under Section 409A Checklist (http://uslf.practicallaw.com/topic3-501-1332)
Equity Pitfalls under Section 409A Checklist Equity Pitfalls under Section 409A Checklist (http://uslf.practicallaw.com/topic3-502-9252)

Articles

Section 409A: Top Ten Compliance Pitfalls Section 409A: Top Ten Compliance Pitfalls (http://uslf.practicallaw.com/topic7-519-7644)
Webinar: Section 409A: Expert Advice on Avoiding Common Pitfalls Webinar: Section 409A: Expert Advice on Avoiding Common Pitfalls (http://uslf.practicallaw.com/topic5-519-9012)

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