Compensation Plan For Employees In Pima
Category:
State:
Multi-State
County:
Pima
Control #:
US-00417BG
Format:
Word;
Rich Text
Instant download
Description
The Short Form of Deferred Compensation Agreement outlines the terms under which an employer offers additional compensation to a key employee in Pima. This agreement is primarily structured to encourage the employee to remain with the employer until retirement by promising a post-retirement income that exceeds the regular pension plan benefits. Key features include the payment details, specifying the sum agreed upon, the installment schedule, and conditions under which payments may terminate. It also provides for the payment of the remaining balance to the employee's spouse or estate in the event of the employee's death before full payment. This form is utility-focused, serving attorneys, partners, owners, associates, paralegals, and legal assistants by offering a clear framework for employment compensation agreements, ensuring compliance with legal standards while providing flexible terms for retaining talent in a competitive market. The language is designed to be accessible, making it suitable for users with varying levels of legal knowledge.
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