The Acuerdo compensación formato in Texas is a structured document that outlines a deferred compensation agreement between an employer and a key employee. It specifies the conditions under which the employee will receive additional post-retirement income beyond the regular pension. Key features include the payment amount, payment schedule, and terms that can terminate the agreement, such as engaging in outside business activities without consent. This form is designed for ease of use, allowing users to fill in relevant details such as names, addresses, payment amounts, and dates. The form includes provisions for payment in the event of the employee's death. Attorneys, partners, owners, associates, paralegals, and legal assistants can benefit from this template as it clarifies the responsibilities and expectations of both parties while providing a legally sound structure for deferred compensation arrangements.