Term: Excess Benefit Plans
Definition:Excess Benefit Plans are one form of non-qualified deferred compensation arrangements to supplement other retirement benefits for highly compensated executives. These plans are initiated in order to attract retain and attract motivated executives. They may also be used for early retirement, takeovers, and firing of top executives.
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Course | Page Number |
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42 - Accumulated Earnings and Deferred Compensation | 16 |
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