How to Handle NQDC Plan Benefits in a Divestiture

When companies sell part of their business, nonqualified deferred compensation (NQDC) plans present business choices shaped by unique legal considerations. In particular, Section 409A of the Internal Revenue Code (IRC), imposes detailed requirements and legal considerations for addressing NQDC plan benefits in transactions.[1] This article explores those business choices and legal considerations.... By: Troutman Pepper Locke