### Question
How is the "nonqualified deferred compensation plan" defined?


### Answer
The term **nonqualified deferred compensation plan** is defined in *26 U.S.C. § 3306* as follows -

> any plan or other arrangement for deferral of compensation other than a plan described in subsection (b)(5)

#### Citation:
  - *26 U.S.C. § 3306*
  - Heading: **Subtitle C-Employment Taxes > CHAPTER 23-FEDERAL UNEMPLOYMENT TAX ACT**

