Compensation Agreement With In Nassau
Category:
State:
Multi-State
County:
Nassau
Control #:
US-00417BG
Format:
Word;
Rich Text
Instant download
Description
The Short Form of Deferred Compensation Agreement is a legal document designed to outline the terms of additional compensation for an employee until retirement. This compensation is intended for key employees and is provided to encourage them to remain with the employer. The agreement specifies the amount of post-retirement income which will be paid in monthly installments contingent upon the employee fulfilling their duties. It includes clauses regarding service to other entities, highlighting that such service without consent may terminate the employee’s right to the compensation. Additionally, it provides for a lump-sum payment to the employee’s surviving spouse or estate in the event of the employee's death before full payment. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who work with employment agreements and benefits planning in Nassau, helping them structure deferred compensation arrangements effectively while complying with legal standards. The clear language and structured outline make it accessible for users with various levels of legal expertise, ensuring that key details are effectively communicated.
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