Deferred Agreement Sample With Contract In Hennepin
Category:
State:
Multi-State
County:
Hennepin
Control #:
US-00417BG
Format:
Word;
Rich Text
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Description
Deferred compensation is an arrangement in which a portion of an employee's income is paid out at a date after which the income is actually earned. A Deferred Compensation Agreement is a contractual agreement in which an employee (or independent contractor) agrees to be paid in a future year for services rendered. Deferred compensation payments generally commence upon termination of employment (e.g., retirement) or death or disability before retirement. These agreements are often geared toward anticipated retirement in order to provide cash payments to the retiree and to defer taxation to a year when the recipient is in a lower bracket. Although the employer's contractual obligation to pay the deferred compensation is typically unsecured, the obligation still constitutes a contractual promise.
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Example: Least senior, then next least senior on up the list to the most senior employee then repeat with the least senior employee. This AGREEMENT, hereinafter referred to as the AGREEMENT, is entered into between the County of Hennepin, hereinafter.This form must be completed, signed, and submitted to MHFA prior to receiving a disbursement of funds. To draft the agreement, and filled in and typed up the terms of the agreement prior to employment, although he did not sign it until after he started working. I agree to the terms of this payment agreement and promise to make the payments on the specified dates in the agreed upon amounts. Hennepin County's Information Technology (IT) department is seeking an IT Technical Services Supervisor to join the data center team.