by Tara Kuther, Ph.D. A master's degree is a type of graduate degree, degree earned after completion of an undergraduate degree (BA or BS). Typically the master's degree requires about 30 credits of coursework and takes 2 years of full time study beyond the bachelor's degree. In addition to coursework, the master's degree sometimes entails completing comprehensive exams and/or a thesis.
flexible benefit plan. Definition. A benefits plan that allows employees to select from a pool of choices, some or all of which may be tax-advantaged. Potential choices include cash, retirement plan contributions, vacation days, and insurance. also called cafeteria plan. Use this term in a sentence.
Section 409A establishes detailed rules for the operation of all nonqualified deferred. compensation plans (âNQDC Plansâ), a term which is broadly defined to include any. arrangement that provides for compensation earned in one tax year to be paid in a future tax year. Section 409A applies to classic deferred compensation arrangements and many types of bonus, severance and long-term incentive programs, although the rules exempt qualified pension and savings plans, Section 457 plans and most welfare benefit plans.