The Internal Revenue Code is famously complicated, and changes to discrete parts of the code—such as those adopted by the Tax Cuts and Jobs Act of 2017 (TCJA)—have a notorious history of leading to unpredictable and unintended consequences. One such consequence may require prompt action by publicly-traded companies to mitigate the impact of a common provision in nonqualified deferred compensation plans relating to the limitations on deductions for excess compensation paid to top executives. READ MORE