Compensation Agreement With In Queens
Category:
State:
Multi-State
County:
Queens
Control #:
US-00417BG
Format:
Word;
Rich Text
Instant download
Description
The Short Form of Deferred Compensation Agreement is a legal document designed for employers and key employees in Queens. This agreement serves as a tool to retain valuable employees by providing them with additional compensation in the form of post-retirement income, exceeding what is offered by a standard pension plan. It stipulates the conditions under which the employee will receive compensation, including the requirement to remain in employment until a specified date and the prohibition against providing services to other entities without the employer's consent. Key features include clear payment terms with specified monthly installments and provisions for disbursement in case of the employee's death. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants working with organizations that want to enhance employee retention strategies while managing compensation obligations effectively. By utilizing this form, legal professionals can ensure compliance with specific employment laws in Queens while protecting the interests of both the employer and the employee.
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