This session delves into the critical aspects of Section 409A, a pivotal law governing nonqualified deferred compensation plans. Attendees will gain an understanding of the fundamental principles of Section 409A, including its scope, key requirements, and the potential tax implications for non-compliance. The session will explore practical scenarios to illustrate when and why Section 409A matters. By the end of the presentation, participants will be equipped with the knowledge to navigate the complexities of deferred compensation arrangements, ensuring compliance and mitigating risks.