Posts Tagged ‘Section 409A’
There Are Potential Pitfalls to “The $100 Million Giveback”
February 7th, 2012 | 
Author: The compensation package of Eugene Isenberg, former CEO and now chairman of Nabors Industries, Ltd., including a proposed $100 million termination payment, illustrates the far extreme of executive compensation. While institutional shareholders brought suit to challenge his compensation, wasn’t there due diligence before investments were made?
Be Wary As Companies Consider Modifying Deferred Compensation
Great title for the Wall Street Journal‘s article “Wall Street Pay Gets Even Trickier to Figure” — executives be wary as company consider modifying deferred comp arrangements. If not done properly, IRS Code 409A liability can be triggered with the executive bearing the unintended financial responsibility.
This post was co-authored by Charles A. Bruder, a Member of Norris McLaughlin & Marcus and Co-Chair of its Executive Compensation & Employee Benefits Group. Charles is experienced in all aspects of defined contribution and defined benefit plans, deferred compensation arrangements, stock option plans, employee stock ownership plans, and other incentive and equity-based compensation arrangements.
Posted in In the News, Internal Revenue Code | 
Tags: 409A, deferred comp, deferred compensation, executive, IRS, IRS Code, IRS Code 409A, liability, Section 409A | 
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