When you lose or leave your job, your nonqualified deferred compensation is affected. Understand what will happen so that you are prepared for this transition and are not met by unwelcome surprises.

You are considered employed and not “separated from service” if…

This depends on how many hours of work you continue to perform. Those pesky Section 409A rules are very specific about when distributions are allowed under your NQDC plan and what constitutes a termination of employment. The final regulations lengthily discuss…