UNH » Topics » 15. CODE SECTION 162(m) DELAY. Effective for Plan Years beginning on or after January 1, 2008, Section 9.1.3 of the Plan Statement shall be amended to read in full as follows:

This excerpt taken from the UNH 10-K filed Feb 21, 2008.

15. CODE SECTION 162(m) DELAY. Effective for Plan Years beginning on or after January 1, 2008, Section 9.1.3 of the Plan Statement shall be amended to read in full as follows:

9.1.3. Code § 162(m) Delay. Notwithstanding the foregoing, payment will be delayed if the Employer reasonably anticipates that the Employer’s federal income tax deduction with respect to such payment otherwise would be limited or eliminated by application of section 162(m) of the Code. The payment shall thereafter be made at the earliest date at which the Employer reasonably determines that the deduction of the payment of the amount will not be limited or eliminated by application of section 162(m) of the Code.

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