Corporate HR and legal departments have been busy the past few years implementing procedures to comply with strict new laws governing executive compensation. The Treasury Department and the IRS recently issued final regulations on the deferred compensation law known as 409A. Companies have until the end of 2007 to amend their plans to be exempt from or comply with this law. Chadbourne & Parke partner Marjorie Glover provides a list of what companies need to know about 409A and how to comply with its rules.
June 28, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Corporate human resources and legal departments have been busy these past few years implementing procedures to comply with strict new laws governing executive compensation, including, notably, the Sarbanes-Oxley Act of 2002 and the new SEC executive compensation disclosure rules. And 2007 is proving to be no exception.
WHAT YOU NEED TO KNOW ABOUT 409A
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