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Full Service Law Firm | Michael Best & Friedrich LLP

Specializing in the Intersection of Business &amp; Government

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Many severance arrangements are potentially subject to Section 409A and must be appropriately structured to avoid adverse tax consequences. Failure to comply with 409A's strict rules can result in severe penalties, including a 20 percent excise tax and immediate taxation of vested deferred amounts.

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Listen as our experienced panel of employee benefits attorneys explains the critical requirements of 409A and discusses the steps counsel should take to ensure compliance given the IRS focus. The panel will outline best practices for reviewing nonqualified deferred compensation plans, employment agreements, and other severance arrangements.

Carrie Byrnes and Luke Habeeb presented in this webinar. To watch the recording, click <a href="https://www.straffordpub.com/products/structuring-employee-severance-separation-arrangements-revisiting-section-409a-and-its-impact-on-deferred-compensation-2024-03-14" target="_blank" rel="noopener">here</a>.

Business professionals walking through a modern office space and ascending stairs during a busy workday.

Carrie E. Byrnes

Labor & Employment

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Structuring Employee Severance/Separation Arrangements: Revisiting Section 409A and Its Impact on Deferred Compensation

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