The Deferred Agreement Sample for Individuals in Contra Costa is designed to provide a structured framework for deferred compensation between an employer and key employee. This form helps retain valuable employees by offering additional compensation payable post-retirement, based on specific conditions outlined within the agreement. Key features include terms regarding employee duties, payment schedules, and contingencies related to external work engagements. The form also outlines provisions for payment to beneficiaries in the event of the employee's death prior to full payment. Filling and editing instructions are straightforward—users should ensure accurate entry of names, addresses, positions, and payment amounts. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants in crafting employment contracts that secure talent and provide clarity on compensation agreements. Overall, this sample streamlines the negotiation and documentation process, ensuring that both parties have a clear understanding of the deferred compensation expectations.