Deferred compensation is an agreement where an employee's income is paid out at a later date, often at retirement, allowing taxes to be deferred until disbursement.
A leveraged employee stock ownership plan (LESOP) is an employee compensation program that uses borrowed funds to enhance equity compensation for employees.
A nonqualified plan is an employer-sponsored retirement plan that provides specialized benefits to select employees, primarily high-paid executives, while exempting the plan from certain ERISA guidelines.
The nifty sale, transfer, or exchange of stock that qualifies for tax breaks β it's like finding some spare change under the couch cushions of your investment portfolio!