An unsecured promise of a future benefit is:
A)Endorsement split dollar.
B)Non-qualified deferred compensation.
C)Restricted stock.
D)Section 83(b)election.

Question

Quizplus · Accepted Answer

Non-qualified deferred compensation involves a promise from an employer to pay an employee a benefit in the future, without any assets being set aside as collateral for that promise. This makes it an unsecured promise of a future benefit. The other options listed involve some level of security or restriction on the benefit.

An Unsecured Promise of a Future Benefit Is