Deferred Compensation Plan Examples In Kings
Category:
State:
Multi-State
County:
Kings
Control #:
US-00418BG
Format:
Word;
Rich Text
Instant download
Description
The Deferred Compensation Agreement between Employer and Employee is a contractual document designed to outline the terms of a deferred compensation plan. This plan secures post-retirement income for key employees while providing additional benefits after retirement, including pre-retirement death benefits. Key features of the agreement include retirement payment details, death benefits for beneficiaries, a multiplier based on the National Consumer Price Index, and provisions related to termination of employment and noncompetition. It also addresses encumbrances, severability, arbitration, and modifications. This document is beneficial for attorneys, partners, owners, associates, paralegals, and legal assistants in establishing and managing compensation agreements that align with corporate retention strategies while ensuring compliance with applicable laws. Filling and editing instructions emphasize clarity and precise documentation of all terms, including payment amounts and retirement conditions, ensuring understanding for all parties involved.
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