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The American Jobs Creation Act included legislation affecting executive benefits in the wake of Enron.
April 10, 2007 - The Treasury Department and IRS issued regulations on deferred compensation under section 409A. Section 409A governs plans and arrangements that provide nonqualified deferred compensation to employees, directors or other service providers. The regulations (1) identify which plans and arrangements are covered under section 409A, (2) outline operational requirements for deferral elections and permissible timing for deferred compensation payments made under the rules.