compensation is referred to as qualified. Non-qualified deferred compensation is the term used when the established rules are not satisfied. Non-qualified plans do not provide the income tax benefits of qualified plans but do offer other perks, including flexibility in who qualifies for the plan....
A deferred compensation plan can be qualifying or non-qualifying. Qualifying plans are protected under the ERISA and must be drafted based on ERISA rules. While such rules do not apply to NQDC plans, tax laws require NQDC plans to meet the following conditions: The plan must be in writing....
The article discusses the essence of nonqualified deferred compensation (NQDC) plan in the U.S. It explains how to use NQDC plans for clients who own a family business. NQDC, accordingly, is a contractual agreement wherein the employer agrees to pay the employee later for services he is ...
The airline says it received 99 percent support. Did the companies owed money by Virgin realistically have any choice in their vote? I suppose technically they did have a choice. But in reality, they were really faced with a plan that appears to be well put together. ...