Plan sponsors have until December 31, 2010, to amend their nonqualified deferred compensation plans to comply with Code section 409A before being subject to a penalty. The IRS established a document correction program intended to encourage taxpayers to review nonqualified deferred compensation plans in order to identify provisions that fail to comply with the requirements of Code section 409A and to correct those plan provisions promptly. The correction program, detailed in IRS Notice 2010-6, provides numerous methods for plan sponsors to correct many types of plan document failures causing noncompliance with Code section 409A. Plans corrected in accordance with the methods and deadlines in Notice 2010-6 qualify for limited relief from penalties.