The Deferred Agreement Sample with the Council in Dallas is a legal document designed for employers to outline a deferred compensation arrangement with key employees. This agreement serves as a retention incentive, providing additional post-retirement income beyond conventional pension plans. Key features include the stipulation of a specific employment duration, payment terms in monthly installments, and provisions for the payment to a surviving spouse or estate in the event of the employee's death. Filling out the form requires accurate details of both the employer and employee, along with the terms of employment and compensation amounts. Users can easily edit this document to fit specific circumstances, ensuring customization for various roles within the organization. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants involved in employee contracts or compensation planning. Its utility lies in facilitating clear agreements that incentivize employee longevity while ensuring compliance with legal standards.