Nys Deferred Comp Withdrawal In King
Category:
State:
Multi-State
County:
King
Control #:
US-00418BG
Format:
Word;
Rich Text
Instant download
Description
The Nys deferred comp withdrawal in King refers to a Deferred Compensation Agreement between an employer and employee, aimed at providing additional post-retirement income to key employees. This form ensures that employees can receive monthly payments upon retirement, death following retirement, or death prior to retirement, with specific terms outlined for each scenario. Key features include the definition of retirement age, the payment amounts based on the National Consumer Price Index, and conditions under which payments are terminated, such as voluntary termination of employment or competition with the employer. Filling instructions emphasize the importance of accurately completing the employee's information, payment amounts, and designations for beneficiaries. This form is particularly useful for attorneys, partners, and legal assistants who assist clients in structuring compensation packages and ensuring compliance with legal requirements. Paralegals and associates can benefit from understanding its implications for employee benefits and retirement planning, while legal assistants may be involved in the document preparation and filing processes. Overall, the form serves as a crucial tool in managing deferred compensation plans.
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