View From McDermott: Considerations In Designing Severance Plans and Arrangements for Tax-Exempt Organizations - McDermott Will & Emery

View From McDermott: Considerations In Designing Severance Plans and Arrangements for Tax-Exempt Organizations

Overview


The following article discusses how separation payments can be made to executives without incurring immediate taxation on the executive’s termination as well as an underutilized strategy for paying severance in the form of additional contributions to the 403(b) plan accounts of rank-and-file employees.