On September 10, 2007, the Internal Revenue Service released Notice 2007-78 (the "Notice"), which provides limited relief from the December 31, 2007 deadline for bringing deferred compensation arrangements1 subject to Internal Revenue Code § 409A ("409A") into full compliance with 409A and the final 409A regulations. The 409A compliance standard currently in effect through December 31, 2007 is "good faith compliance."

Please read the full Mintz Levin Employee Benefits Alert for more information.