The Deferred Compensation Agreement between Employer and Employee is a comprehensive document focused on providing additional retirement benefits to key employees. This agreement establishes clear terms for post-retirement income, ensuring employees receive a designated monthly payment, which can be adjusted based on inflation according to the National Consumer Price Index. The document outlines various scenarios, including provisions for death after retirement, death prior to retirement, and conditions under which compensation may cease. It includes stipulations around noncompetition, encumbrances, and mandatory arbitration for resolving disputes. Specific filling instructions advise that both parties must carefully enter names, addresses, and other details. The form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants as it serves as a framework for negotiating compensation agreements, ensuring compliance with legal standards, and protecting both parties’ interests in employment relationships.