Five common 409A design errors: #4 No six-month delay for public company terminations

Code Section 409A is, in part, a response to perceived deferred compensation abuses at companies like Enron and WorldCom. The story of Code Section 409A’s six month delay provision is inextricably tied to the Enron and WorldCom bankruptcies.

Filed under:
USA, Company & Commercial, Employee Benefits & Pensions, Insolvency & Restructuring, Tax, Bryan Cave Leighton Paisner (Bryan Cave), Public company, Bankruptcy, Deferred compensation, Internal Revenue Service (USA), Enron, Bitly
Authors:
Brian W. Berglund
Location:
USA
Firm:
Bryan Cave Leighton Paisner (Bryan Cave)