Deferred Agreement Sample For Contract In Washington

• Category: Employment - Compensation
• State: Multi-State
• Control #: US-00417BG
• Format: Word; Rich Text

Description

The Deferred Agreement Sample for Contract in Washington outlines the essential terms of a deferred compensation agreement between an employer and an employee. This document is structured to retain key employees by offering them additional compensation in the form of a post-retirement income, contingent upon their continued employment until retirement. The form includes filling instructions, specifying required details such as the names of the employer and employee, their respective addresses, and the specifics of the compensation arrangement. Key features include a stipulation against outside employment without the employer's consent and provisions for payment to the employee's estate upon death. This agreement is particularly useful for attorneys who handle employment contracts, partners and owners looking to secure talent within their organizations, and paralegals or legal assistants responsible for drafting or managing contractual agreements. It serves as a reliable template for ensuring that all necessary elements are captured clearly and effectively to protect the interests of both parties involved.