Table of Contents

• Notice 2007-78
  • I. PURPOSE
  • II. BACKGROUND
  • III. 2008 TRANSITION RELIEF
  • A. In General
  • B. Retroactive Amendment Period
  • C. Transition Relief — Designation of a Compliant Time and Form of Payment
  • 1. How to Designate the Time and Form of Payment
  • 2. How to Designate a Compliant Time and Form of Payment
  • 3. Retroactive Adoption of Permissible Payment Event Definitions
  • 4. How to Designate a Specified Payment Date or a Fixed Schedule of Payments
  • 5. Retroactive Amendments and the Six-Month Delay on Payments to Specified Employees
  • IV. APPLICATION OF FINAL REGULATIONS AND ADDITIONAL RELIEF
  • A. Employment Agreements — Good Reason Provisions
  • B. Employment Agreements — Application of Substitution Rule
  • C. Predetermined Cashouts
  • V. ANTICIPATED LIMITED VOLUNTARY COMPLIANCE PROGRAM
  • VI. APPLICATION OF § 409A(b) (RESTRICTIONS ON CERTAIN TRUSTS AND OTHER ARRANGEMENTS)
  • VII. DRAFTING INFORMATION
• Rev. Proc. 2007-62
  • SECTION 1. PURPOSE
  • SECTION 2. BACKGROUND
  • SECTION 3. SCOPE
  • SECTION 4. RELIEF FOR LATE S CORPORATION ELECTION UNDER THIS REVENUE PROCEDURE
  • SECTION 5. RELIEF FOR LATE S CORPORATION ELECTION AND LATE CORPORATE CLASSIFICATION ELECTION UNDER THIS REVENUE PROCEDURE
  • SECTION 6. EFFECT ON OTHER DOCUMENTS
  • SECTION 7. EFFECTIVE DATE
  • SECTION 8. DRAFTING INFORMATION