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LSDefine

Simple English definitions for legal terms

cash or deferred arrangement

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A quick definition of cash or deferred arrangement:

A cash or deferred arrangement is a type of retirement plan where an employee can choose to receive a portion of their compensation in cash or have it contributed to a profit-sharing or stock-bonus plan on their behalf. This is often referred to as a CODA. A common example of a CODA is a 401(k) plan.

A more thorough explanation:

A cash or deferred arrangement (CODA) is a type of retirement-plan provision that allows an employee to choose between receiving a certain amount of compensation in cash or having it contributed to a profit-sharing or stock-bonus plan on their behalf.

For example, let's say an employee earns $50,000 per year and their employer offers a 401(k) plan as a CODA. The employee can choose to receive their full $50,000 salary in cash, or they can elect to have a portion of it (such as 10%) contributed to their 401(k) plan instead. This means that $5,000 would be deducted from their salary and deposited into their retirement account.

The benefit of a CODA is that it allows employees to save for retirement while also receiving a portion of their compensation in cash. It can also provide tax benefits, as contributions to a retirement plan are often tax-deductible.

cash merger | cashout

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im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
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