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Added Protections To Look For In Your Company’s Nonqualified Deferred Compensation Plan

Minimize risks in your NQDC plan beyond the obvious danger of noncompliance with Section 409A. This article explores the protections you should look for in your NQDC plan documents and what you may be able to get your company to include.

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Key Points in This Article
Some NQDC plan documents contain features that can increase the likelihood you will receive your benefits even if the company suffers financial difficulty.
Review your company's NQDC plan and related documents to determine the circumstances under which you can forfeit your benefits even if your company remains financially sound.
If you have an employment agreement with your company, it may specify or alter the terms of the company's NQDC plan as it applies to you.