Contract With Compensation In San Diego
Category:
State:
Multi-State
County:
San Diego
Control #:
US-00417BG
Format:
Word;
Rich Text
Instant download
Description
The Short Form of Deferred Compensation Agreement is designed for employers in San Diego to provide additional compensation to key employees as an incentive for them to remain with the company until retirement. This agreement outlines the conditions under which an employee will receive a sum of money, payable in monthly installments, contingent on their continued service and lack of outside employment. It specifies that upon the employee's death before full payment, the remaining balance will be paid to the surviving spouse or the estate. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it provides clear terms for deferred compensation, which can be essential in employment contracts. This document can be easily filled out and edited to reflect specific employee details and compensation amounts, making it an adaptable tool for various compensation needs. It encourages clarity by using straightforward language, ensuring that even those with limited legal knowledge can understand its provisions. Additionally, by structuring the agreement simply, it allows legal professionals to produce effective contracts efficiently without excessive legal jargon.
Free preview
