Determining Specified Employees under Section 409A Checklist

Resource type: Checklist

Status: Maintained

Jurisdiction: USA

This Checklist outlines the steps to be taken by an employer in determining its specified employees for purposes of applying the six-month delay to payments from nonqualified deferred compensation plans. The six-month delay on payments made to specified employees is required by Section 409A of the Internal Revenue Code of 1986.

Durward J. "Jim" Gehring, Seyfarth Shaw LLP

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Resource ID: 3-501-1332
Products: PLC US Employee Benefits & Executive Compensation, PLC US Law Department
This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.

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Practice notes

Applying Section 409A to Severance Benefits Applying Section 409A to Severance Benefits (http://uk.practicallaw.com/topic6-501-2702)
Correcting Errors under Section 409A Correcting Errors under Section 409A (http://uk.practicallaw.com/topic5-503-0749)
Specified Employees under Section 409A Specified Employees under Section 409A (http://uk.practicallaw.com/topic7-501-1330)
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Standard documents

Model Policy for Determining Specified Employees under Section 409A Model Policy for Determining Specified Employees under Section 409A (http://uk.practicallaw.com/topic9-501-3823)
Payments to Specified Employees under Section 409A: Explanatory Memorandum for Directors/Compensation Committee Payments to Specified Employees under Section 409A: Explanatory Memorandum for Directors/Compensation Committee (http://uk.practicallaw.com/topic5-501-2364)

Standard clause

Model Section 409A Employment Agreement Provisions Model Section 409A Employment Agreement Provisions (http://uk.practicallaw.com/topic7-503-0263)

Checklists

Compensation Used to Determine Specified Employees Checklist Compensation Used to Determine Specified Employees Checklist (http://uk.practicallaw.com/topic7-501-1325)
Equity Pitfalls under Section 409A Checklist Equity Pitfalls under Section 409A Checklist (http://uk.practicallaw.com/topic3-502-9252)
Section 409A Six-month Delay, Short-term Deferral and Separation Pay Plan Analysis Flowcharts Section 409A Six-month Delay, Short-term Deferral and Separation Pay Plan Analysis Flowcharts (http://uk.practicallaw.com/topic3-501-9168)

Article

IRS Issues Relief for Documentary Failures under Section 409A of the Internal Revenue Code IRS Issues Relief for Documentary Failures under Section 409A of the Internal Revenue Code (http://uk.practicallaw.com/topic5-501-2255)

Legal update: archive

Controlled Group Rules for Employee Benefit Plans Controlled Group Rules for Employee Benefit Plans (http://uk.practicallaw.com/topic6-523-5241)

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