Tax Deferral Opportunity. Normally, an RSU will become payable as soon as it vests. Under the current provisions of Section 409A of the Internal Revenue Code of 1986, as amended, you will have the ability to defer recognition of gain for income tax purposes upon the vesting of an RSU. The vested RSU will still create employment tax (FICA and FUTA) liability. However, the ability to elect deferred compensation is very limited and is subject to some very strict rules.
Appears in 5 contracts
Samples: Advisory Board Co, Board Company Award Agreement (Advisory Board Co), Board Company Award Agreement (Advisory Board Co)
