Deferred Compensation Examples In Montgomery
Category:
State:
Multi-State
County:
Montgomery
Control #:
US-00417BG
Format:
Word;
Rich Text
Instant download
Description
The Short Form of Deferred Compensation Agreement outlines the terms under which an employer provides additional compensation to a key employee as an incentive to remain with the company until retirement. This form specifies the payment amount, the installment schedule, and conditions that might affect the employee's right to these payments. It serves to secure the employee's services while also ensuring a future income post-retirement. In particular, the agreement states that if the employee dies before receiving full payments, the remaining balance will be given to the surviving spouse or estate. This form is essential for attorneys, partners, owners, associates, paralegals, and legal assistants as it offers a structured approach to deferred compensation arrangements. Its clear layout and straightforward instructions facilitate filling and editing, making it accessible to users with varying degrees of legal experience. Overall, it demonstrates a commitment from the employer to value and retain key talent, while also providing important financial security for the employee.
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