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.