Deferred Compensation Form For Executives In Phoenix
Category:
State:
Multi-State
City:
Phoenix
Control #:
US-00417BG
Format:
Word;
Rich Text
Instant download
Description
The Deferred Compensation Form for Executives in Phoenix is a legal document designed to outline and formalize the arrangement between an employer and a key employee regarding additional compensation that the employee will receive after retirement. This form emphasizes retaining executive talent by providing a post-retirement income that exceeds what would be available under the regular pension plan. Key features include stipulations about the employee's obligations to remain with the company until a specified retirement date and the payment structure, which is laid out in equal monthly installments. Additionally, the agreement contains provisions for the payment to be made to the employee's surviving spouse or estate in the event of the employee's death prior to full payment. Filling out the form involves detailing personal and corporate information, as well as agreeing to the terms set forth. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who handle employment contracts, because it ensures all parties are aware of and agree to the compensation details, thereby minimizing potential disputes. Its straightforward structure allows users with varying levels of legal experience to understand and complete it effectively.
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