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Important Deadline Under Section 409A Approaching for Nonqualified Deferred Compensation Plans and Faculty Members of Academic Institutions (PDF)
Womble Carlyle
[Guidance Overview] July 8, 2008
3 pages. Excerpt: This is a reminder that the deadline for compliance with the Internal Revenue Code Section 409A rules is approaching quickly. In addition, this is an alert to all academic institutions to a potential Section 409A issue affecting their faculty members that must be addressed prior to the beginning of the next academic year. It is very unlikely that either of these deadlines will be extended further. Therefore, it is important that any necessary action be taken promptly.
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