Deferred Agreement Sample For Individuals In Massachusetts
Category:
State:
Multi-State
Control #:
US-00417BG
Format:
Word;
Rich Text
Instant download
Description
The Short Form of Deferred Compensation Agreement is designed for use in Massachusetts, allowing employers to incentivize key employees to remain with the company until retirement. This sample agreement outlines the conditions under which the employee will receive additional compensation after retirement, supplementing their pension. Key features include the agreement's establishment of compensation sums, payment schedules in monthly installments, and provisions addressing the employee's death before full payment. This form is vital for attorneys, partners, owners, associates, paralegals, and legal assistants who seek to secure employee loyalty while managing financial commitments accurately. Users should fill in specific details like employee names, compensation amounts, and dates, ensuring accuracy in all sections. Editing can be done to tailor terms to meet individual circumstances while maintaining compliance with relevant laws. The form aids in protecting the employer's interests while offering a clear benefit to employees, making it an essential tool in employment negotiations.
Free preview
