Board Resolutions: Terminating a Nonqualified Deferred Compensation Plan in Connection with a Change in Control | Practical Law

Board Resolutions: Terminating a Nonqualified Deferred Compensation Plan in Connection with a Change in Control | Practical Law

Resolutions of the board of directors approving the termination and liquidation of a nonqualified deferred compensation plan in connection with a change in control event under Section 409A of the Internal Revenue Code and the acceleration of the time or schedule of payments under the plan. These Standard Clauses have integrated notes with important explanations and drafting tips.

Board Resolutions: Terminating a Nonqualified Deferred Compensation Plan in Connection with a Change in Control

by Practical Law Employee Benefits & Executive Compensation
MaintainedUSA (National/Federal)
Resolutions of the board of directors approving the termination and liquidation of a nonqualified deferred compensation plan in connection with a change in control event under Section 409A of the Internal Revenue Code and the acceleration of the time or schedule of payments under the plan. These Standard Clauses have integrated notes with important explanations and drafting tips.