The Deferred Compensation Form for 2023 in King is a legal agreement designed to provide key employees with additional compensation after their retirement. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who need to outline deferred compensation arrangements in a clear and concise manner. Key features include provisions for monthly payments, conditions for termination of the agreement, and procedures for payment upon the employee's death. Users must accurately fill in the details, including the names of involved parties, payment amounts, and timelines for disbursement. It's essential to edit the document as necessary to reflect specific employment terms and ensure compliance with any applicable state laws. This form helps employers retain valuable employees and provides financial security for employees post-retirement, making it a vital tool in employment negotiations and workforce planning.