Another deferral timiing question that's not clear (to me)......
If a plan sponsor is offering a new executive the opportunity to defer a sign-on bonus (not performance-based) with a vesting schedule of 12-months or more, under what deferral election timing rule does this fall?
Would it be certain forfeitable rights (election w/i 30 days of the award)?
Would it be initial plan eligibility (within 30 days of becomeing eleigible, and the deferral applies to amounts unearned)?
Thanks!