Compensation Agreement Form 159d In Travis
Category:
State:
Multi-State
County:
Travis
Control #:
US-00417BG
Format:
Word;
Rich Text
Instant download
Description
The Compensation Agreement Form 159d in Travis is designed to establish a deferred compensation arrangement between an employer and a key employee. This form outlines the conditions under which the employee will receive additional compensation upon retirement, ensuring their commitment to the company during their employment. It includes provisions for monthly installments and stipulates that the right to payments terminates if the employee provides services to other entities without consent. Also, it addresses the payment procedure in the event of the employee's death before full compensation is rendered, directing the remaining balance to the surviving spouse or estate. This form is particularly useful for attorneys, partners, and owners who want to secure vital talent, as well as for associates, paralegals, and legal assistants who may assist in drafting and executing compensation agreements. It emphasizes legal structure and clarity, advancing understanding for parties with varying levels of legal knowledge.
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