Discussiben Question $6-18($LO$.3)$

Answer the following regarding defluctiblity of excutive compensason.

$3.$ An employer cat steduet a maximum of $$5,000,000$ annually for compensation gayments to a $$ covered executive.

b$.$ Covered employees as defined by the SEC are the chief execulive affer $($CEO$),$ the alief fluanclai $$ officer $($CFO$),$ the three sther most highly compensated exclobes and anyone saming as CEO or CFO during the year.

$6.$ Employee compensation includes payments to tax$-$qualifed recrement plans. $$

$4.$ Employee compensation includes certain performance$-$haved comounuation desenterre on company $$ performance.

B$.$ De the limits acply to all trpes of Business eneties?

The limiss apply so $$

c$.$ Are there any exceptions to the limitasions$?$

feflore $2015,$ the limits excluded $$ Contracts in proos in Nownber $2,2017,$ ave grantfothered into pre$-2018$ lase a long as $$