The Short Form of Deferred Compensation Agreement is designed for employers in Santa Clara to outline a deferred payment arrangement for key employees. This agreement facilitates the retention of valued employees until their retirement by promising additional compensation beyond the regular pension plan. Key features include clear terms for payment amounts, schedules, and conditions for termination of rights to payments. The form requires filling in specific details such as the employer's and employee's names, positions, and payment amounts. Editing instructions advise ensuring the accurate completion of all placeholders and reviewing for legal compliance. This document is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants seeking to structure compensation agreements that incentivize employee retention and secure future payment obligations. By maintaining a professional tone and clear instructions, it remains accessible to users with varying levels of legal experience.