tax saving distribution form NQDCP?

[Guest erisaman]

Distributions are due very soon from a NQDCP as a result of a change in control. Dollar amounts are high for a few executives, who will receive their cash comp and restricted stock deferrals paid out in cash. Does an opportunity exist for the sponsor to buy annuities or do something similar that would extend the tax shelter? The deal isn't inked yet so there is still time to amend the plan document for any changes.