Deferred Agreement Sample For Individuals In Los Angeles
Category:
State:
Multi-State
County:
Los Angeles
Control #:
US-00417BG
Format:
Word;
Rich Text
Instant download
Description
The Short Form of Deferred Compensation Agreement is a legal document used in Los Angeles to outline the terms under which an employer provides additional compensation to a key employee as a means of encouraging their continued service until retirement. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who assist clients in structuring compensation packages that retain valuable employees. Key features of the form include clearly defined payment terms, which detail the amount and frequency of payments, and provisions for termination of these payments under specific conditions, such as rendering services to other entities without consent. Additionally, the agreement ensures that in the event of the employee's death prior to full payment, the remaining balance will be handled appropriately. Users can easily fill in relevant information, including the names of the employer and employee, the payment amount, and relevant dates. The concise layout and clear instructions facilitate straightforward editing and completion, making it accessible for individuals with varying levels of legal experience.
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