Section 409a Of The Code

Internal revenue code 409a.
Section 409a of the code. Section 409a of the code means section 409a of the u s. 409a a 2 b ii unforeseeable emergency. Deferred compensation exists when an employee consultant or board member has a contractual right to compensation that may be paid in later taxable years and includes many arrangements not typically thought of as deferred compensation e g severance benefits options and other equity awards.
Internal revenue code of 1986 as amended and the regulations and guidance thereunder regarding nonqualified deferred compensation. This agreement is intended to comply with the applicable requirements of section 409a of the code and the regulations promulgated thereunder section 409a and shall be administered in accordance with section 409a to the extent section 409a of the code applies to the agreement. For purposes of the preceding sentence a specified employee is a key employee as defined in section 416 i without regard to paragraph 5 thereof of a corporation any stock in which is publicly traded on an established securities market or otherwise.
Service recipients are generally employers but those who hire independent contractors are also service recipients. Sample 1 sample 2 sample 3. Code unannotated title 26.
Inclusion in gross income of deferred compensation under nonqualified deferred compensation plans. Section 409a of the code. Notwithstanding section 885 d 1 of the american jobs creation act of 2004 pub.
Section 409a of the internal revenue code is a complex and often counterintuitive set of tax rules applicable to deferred compensation.