deferred compensation plan which is a defined benefit plan, (2) relating to changes in the ownership and control of a corporation or assets of a corporation for purposes of subsection (c)(2)(A)(v), (3) exempting arrangements from the application of subsection (c)(5) if such arrangements will not result in an improper deferral of United States tax and will not result in assets being effectively beyond the reach of creditors, (4) defining financial health for purposes of subsection (c)(5)(B), and (5) disregarding a substantial risk of forfeiture in cases where necessary to carry out the purposes of this section. . (b) Withholding of tax on nonresident aliens Section 1441(c)(4) of the Internal Revenue Code of 1986 is amended by inserting (other than under a nonqualified deferred compensation plan (within the meaning of section 409A(b)(2)) after compensation for personal services . (c) Termination of certain other nonqualified deferred compensation rules (1) 457(b) plans of tax exempt organizations Section 457 of the Internal Revenue Code of 1986 is amended by adding at the end the following new subsection: (h) Termination of certain plans (1) Tax-exempt organization plans This section shall not apply to amounts deferred which are attributable to services performed after December 31, 2020, under a plan maintained by an employer described in subsection (e)(1)(B). (2) Ineligible deferred compensation plans Subsection (f) shall not apply to amounts deferred which are attributable to services performed after December 31, 2020. . (2) Nonqualified deferred compensation from certain tax indifferent parties (A) In general Subpart B of part II of subchapter E of chapter 1 of such Code is amended by striking section 457A (and by striking the item relating to such section in the table of sections for such subpart). (B) Conforming amendment Section 26(b)(2) of such Code is amended by striking subparagraph (X). (d) Effective date (1) In general Except as otherwise provided in this subsection, the amendments made by this section