Contract Compensation For Breach In Harris
Category:
State:
Multi-State
County:
Harris
Control #:
US-00417BG
Format:
Word;
Rich Text
Instant download
Description
The Short Form of Deferred Compensation Agreement is a legal document designed to establish a deferred compensation plan between an employer and employee. This contract aims to retain key employees until retirement by providing additional post-retirement income beyond standard pension plans. Key features of the form include clear terms regarding compensation amounts, payment schedules, and conditions under which the agreement terminates. It specifies that if the employee performs services for another entity without permission, the contract may become void. Additionally, it outlines provisions for payment to the employee's surviving spouse or estate in the event of the employee's death before full payment is completed. This form is useful for attorneys, partners, owners, associates, paralegals, and legal assistants who are involved in employment agreements, offering them a straightforward way to secure deferred compensation arrangements that promote employee retention and provide assurance of benefits in the case of unforeseen circumstances.
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