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Forfeitable |
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| Shortly thereafter the Justice Department cut a deal with one of Hallinan's clients, a marijuana smuggler, allowing him to keep more than $4 million in forfeitable profits from drug dealing in exchange for his testimony implicating Hallinan in a drug conspiracy. Typically, amounts deferred under an unfunded nonqualified arrangement will not be forfeitable. 83(b), employees may elect to immediately include the value of the restricted stock in taxable income at the time the stock is transferred to them, even though the stock remains forfeitable. |
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