Deferred Agreement Sample With Answers In Fulton
Category:
State:
Multi-State
County:
Fulton
Control #:
US-00417BG
Format:
Word;
Rich Text
Instant download
Description
The Short Form of Deferred Compensation Agreement is designed to establish a deferred compensation arrangement between an employer and a key employee. This agreement outlines that if the employee stays with the employer until a specified retirement date, they will receive an additional sum as compensation, paid in monthly installments. Key features include provisions for the agreement's termination in case the employee engages in outside services without consent and stipulations regarding payment upon the employee's death. Filling out the form involves entering the names, addresses, the compensation amount, and other relevant dates. Attorney involvement ensures the contract complies with applicable laws, while paralegals and legal assistants can assist with preparation and documentation. This agreement is particularly useful for business owners and partners seeking to incentivize employee retention through financial security in retirement. Overall, the form fosters a professional relationship and helps secure the future of both parties.
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