Santo Gold Posted July 9, 2012 Posted July 9, 2012 Controlled group exists between Company A and B Company A now wants to purchase Company B. Company A owned by Mr. X, Mr. Y, and Mr. Z. Company B also owned equally X, Y and Z. Can Company A, as part of the buy out, offer a non-qualified deferred compensation plan to Mr. X only, and not to Y and Z? Thanks for any replies
david rigby Posted July 9, 2012 Posted July 9, 2012 NQ? Likely, there is no regulatory prohibition (if that is the essence of your question). There might be some prohibition in the bylaws of A. I'm a retirement actuary. Nothing about my comments is intended or should be construed as investment, tax, legal or accounting advice. Occasionally, but not all the time, it might be reasonable to interpret my comments as actuarial or consulting advice.
Santo Gold Posted July 10, 2012 Author Posted July 10, 2012 NQ? Likely, there is no regulatory prohibition (if that is the essence of your question).There might be some prohibition in the bylaws of A. Thanks very much.
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now