Contract With Compensation In Santa Clara
Category:
State:
Multi-State
County:
Santa Clara
Control #:
US-00417BG
Format:
Word;
Rich Text
Instant download
Description
The Short Form of Deferred Compensation Agreement is designed for employers in Santa Clara to provide additional retirement income to key employees. This form establishes a clear agreement between the employer and employee, detailing the conditions under which deferred compensation will be awarded. Key elements include the timeline for employment, the specific amount of compensation, and the conditions that may terminate this right, such as outside employment without consent. In the event of the employee's death before full payment, the form stipulates that the remaining balance will be paid to the surviving spouse or the employee's estate. Legal professionals, including attorneys, partners, owners, associates, paralegals, and legal assistants will find this document useful for ensuring compliance with state laws while retaining valued employees. It aids in drafting clear compensation packages that are attractive to employees. Filling out this form requires the inclusion of specific details such as names, addresses, compensation amounts, and dates, making it easily editable for various situations. Ultimately, this agreement supports the employer's goal of retention by providing a financial incentive tied to continued employment.
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