Thursday, November 11, 2010

Employment and Severance Agreements: Time Running Out to Revise to Avoid New Tax Rules

NixonPeabody has an excellent and informative article reminding employers and other attorneys who draft employment and severance contracts to ensure that such agreements are in compliance with the Internal Revenue Service's guidance on deferred compensation arrangements. The tax law of particular importance are Section 409A and the guidance issued by the IRS is Notice 2010-6.

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