Legal updates for: 409A

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Tax Reform Bill Proposal - Much Ado About Nothing

by Orrick, Herrington & Sutcliffe LLP on

... widely reported, on February 26, 2014, U.S. House of Representatives Committee on Ways and Means Chairman Dave Camp (R-MI) released the proposed Tax Reform Act of 2014 (the "Camp Proposal"). In exchange for simplification of the tax code and a reduction in individual and corporate tax rates, the Camp Proposal purports to eliminate many... more

Escaping the Clutches of 409A

by Pullman & Comley, LLC on

...t benefits that will be payable to them under tax-qualified retirement plans. The enactment of Internal Revenue Code Section 409A (“409A”) in 2004, introduced a heightened level of regulatory oversight and significant negative tax consequence... more

Employment Law 101: Bonuses

by Gray Reed & McGraw, P.C. on

... counts as a bonus: There are a lot of ways to describe a bonus. For our purposes, a bonus includes any discretionary or non-discretionary payment or “compensation” to an employee outside of their regular hourly, salary, commission, or piece rate pay. A bonus then includes any prize or award to an employee in addition to traditional... more

The ERISA Litigation Newsletter - March 2014

by Proskauer Rose LLP on

... first article this month addresses the treatment of the attorney-client privilege in employee benefits matters. Pursuant to the so-called "fiduciary exception," communications between an attorney and a plan fiduciary are not always shielded from disclosure to plan participants. While the fiduciary exception doctrine is well established,... more

IRS Issues Final Regulations under Internal Revenue Code Section 83 Regarding Substantial Risk of Forfeiture Analysis

by Proskauer - ERISA Practice Center on

... that compensate their employees with annual or long-term awards of restricted property such as restricted stock grants should take note of the final regulations relating to property transferred in connection with the performance of services under Internal Revenue Code Section 83 issued by the Internal Revenue Service on February 25, 2014 (the... more