In general
No deduction shall be allowed under this chapter—
(i)#
in the case of applicable individual remuneration which is for any disqualified taxable year beginning after December 31, 2012 , and which is attributable to services performed by an applicable individual during such taxable year, to the extent that the amount of such remuneration exceeds $500,000, or
(ii)#
in the case of deferred deduction remuneration for any taxable year beginning after December 31, 2012 , which is attributable to services performed by an applicable individual during any disqualified taxable year beginning after December 31, 2009 , to the extent that the amount of such remuneration exceeds $500,000 reduced (but not below zero) by the sum of—
(I) the applicable individual remuneration for such disqualified taxable year, plus
(II) the portion of the deferred deduction remuneration for such services which was taken into account under this clause in a preceding taxable year (or which would have been taken into account under this clause in a preceding taxable year if this clause were applied by substituting “ December 31, 2009 ” for “ December 31, 2012 ” in the matter preceding subclause (I)).
(ii)(I)#
the applicable individual remuneration for such disqualified taxable year, plus
(ii)(II)#
the portion of the deferred deduction remuneration for such services which was taken into account under this clause in a preceding taxable year (or which would have been taken into account under this clause in a preceding taxable year if this clause were applied by substituting “ December 31, 2009 ” for “ December 31, 2012 ” in the matter preceding subclause (I)).