Snell & Wilmer

Snell & Wilmer is a full-service business law firm with multiple offices across the United States and Mexico. The firm publishes content primarily focused on a wide range of legal practice areas including corporate governance, labor and employment, intellectual property, real estate, environmental law, and regulatory compliance. Their publications often address practical legal issues such as tax law, employee benefits, labor relations, litigation strategies, and industry-specific regulations. The firm also covers emerging legal topics like data privacy, cybersecurity, and healthcare law. Their blog content is aimed at providing legal insights and updates relevant to businesses, employers, and legal professionals.

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Section 409A, the provision of the Internal Revenue Code that regulates the time and form of payment of nonqualified deferred compensation, contains a helpful exception for “short-term deferrals.”  Specifically, Section 409A provides that a payment will not be considered nonqualified…