Non-Qualified Deferred Compensation or NQDC refers to the compensation that an employee has earned but is yet to receive it from his employer. The NQDC defers the payment of a part of the total compensation for the employee to a future date. It happens so because the ownership of the compensation may have not been transferred to the employee from the employer. This means it has yet not been recognized as a part of the income earned by the employee and hence is not accounted in the taxable income.
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