Method for providing default protection in connection with a deferred compensation liability
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United States of America Patent
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-
N/A
Issued Date -
Jun 17, 2004
app pub date -
Aug 26, 2003
filing date -
Aug 26, 2002
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
The present invention relates to a method implemented by a programmed computer system for providing default protection associated with a protection agreement between a protection provider and a participant in a deferred compensation plan, wherein the default protection is on an unsecured general obligation of a party sponsoring the deferred compensation plan arising from the participant's election to defer at least a portion of participant's compensation.
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Family
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