restricted period
Defined in 1 place of the United States Code.
For purposes of this section, the term “restricted period” means, with respect to any plan described in subparagraph (A)—
(i) any period during which the plan is in at-risk status (as defined in section 430(i)); 1
(ii) any period the plan sponsor is a debtor in a case under title 11, United States Code, or similar Federal or State law, and
(iii) the 12-month period beginning on the date which is 6 months before the termination date of the plan if, as of the termination date, the plan is not sufficient for benefit liabilities (within the meaning of section 4041 of the Employee Retirement Income Security Act of 1974).
Source
- 2006–201826 U.S.C. § 409AInternal Revenue Code · Inclusion in gross income of deferred compensation under nonqualified deferred compensation plans · for purposes of this section
For purposes of this section, the term “restricted period” means, with respect to any plan described in subparagraph (A)—
(i) any period during which the plan is in at-risk status (as defined in section 430(i)),
(ii) any period the plan sponsor is a debtor in a case under title 11, United States Code, or similar Federal or State law, and
(iii) the 12-month period beginning on the date which is 6 months before the termination date of the plan if, as of the termination date, the plan is not sufficient for benefit liabilities (within the meaning of section 4041 of the Employee Retirement Income Security Act of 1974).
Source
- 2018–present26 U.S.C. § 409AInternal Revenue Code · Inclusion in gross income of deferred compensation under nonqualified deferred compensation plans · for purposes of this section