The Deferred Agreement Sample with Contract in Washington is designed to facilitate a deferred compensation arrangement between an employer and a key employee. This agreement ensures that the employee remains with the employer until retirement while providing additional post-retirement income beyond regular pension benefits. Key features include the terms for payment, stipulations for maintaining employment, and provisions for handling the eventuality of the employee's death before full payment. Users must fill in details such as the names, dates, and payment amounts to customize the agreement to their specific situation. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants in drafting compensation agreements or addressing employee retention strategies. It offers a structured approach to deferred compensation, making it easier to manage and enforce. Additionally, the instructions for filling out and editing the form are straightforward, promoting clarity and simplicity for those involved, regardless of their legal expertise.