Michael Edward Mcgarry

US Patent:

20060112009, May 25, 2006

Filed:

Nov 23, 2005

Appl. No.:

11/286673

Inventors:

Richard Ehrhart - Charlotte NC, US
Michael McGarry - Charlotte NC, US

Assignee:

Optcapital, LLC - Charlotte NC

International Classification:

G06Q 40/00

US Classification:

705040000

Abstract:

A method of deferring compensation. One or more initial payment dates over a period of time are selected on which a portion of compensation is to be paid. At least twelve months prior to each initial payment date, the initial payment date is rescheduled to a subsequent payment date at least five years later. Method may be repeated over a plurality of years. Bucket accounting procedures may be used in determining valuation of the deferred compensation benefit associated with each payment date. By giving required notice, deferred compensation recipients may prevent automatic rescheduling of payment dates and thereby receive deferred compensation on such payment dates.