[ Event ]
Duane Morris Partner John Reade Speaks at Webinar "How to Avoid Being Blindsided by Section 409A Deferred Compensation"
April 21, 2008 | Webinar
Duane Morris partner John A. Reade, Jr. gave the webinar, "How to Avoid Being Blindsided by Section 409A Deferred Compensation," on April 21, 2008. The course material is now available to purchase from Business 21 Publishing.
About the Webinar
Imagine this: You need to go into your CEO's office and say, "Boss, you're subject to a 20% excise tax on your non-qualified deferred compensation." By December 31st, this nightmare scenario may be a reality for many because of the new Internal Revenue Code Section 409A, the biggest change in the executive compensation world in years.
Section 409A requires compliance with strict design and operational guidelines. Failure to comply could result in significant federal income tax consequences to your key executives.
Don't wait for the year-end rush. Now's the time to review and revise your plans and agreements to be sure they comply with Section 409A. Now's the time to learn what your Section 409A and tax reporting obligations are going forward. In this 60-minute session you'll learn how to identify the plans and agreements subject to Section 409A, spot problematic provisions and bring your plans and agreements into compliance. You'll also learn what actions you must take by December 31, 2008 and how to coordinate compliance in the years to come.
In this audio conference, you'll learn:
- How to identify which plans and agreements need to comply with Section 409A
- The impact of Section 409A on Employment and Severance Agreements and how to structure these agreements to avoid having to comply with the new regulations
- Exemptions from application of 409A for Good Reason terminations
- The implications Section 409A will have on bonus plans
- Timing of payments under nonqualified deferred compensation plans (and additional limitations on certain employees of public companies)
- Ability to change current elections during 2008 (last chance!)
- What Section 409A means to equity incentive plans
- Fair Market Value determinations for private companies (a huge practical issue, with cost ramifications)
- Plan documentary compliance requirements (by 12/31/08)
- Reporting (W-2) requirements - commencing with 2008 nonqualified deferred compensation
- Action items to bring you, and keep you, in compliance
For more information or to purchase the full webinar on CD-ROM, an audio recording, or a written transcript, please visit the Business 21 Publishing website.