The Deferred Compensation Agreement between Employer and Employee serves as a binding contract that outlines the terms under which an employer agrees to provide additional compensation to an employee beyond standard retirement benefits. This form specifically addresses the obligations related to retirement income, death benefits, and the conditions under which payments will be made or terminated. Key features include detailed provisions for retirement age, monthly payment amounts, and the impact of the National Consumer Price Index on compensation. Users are instructed to fill in necessary details like names, addresses, and payment terms clearly. Editing is permitted as long as modifications are documented in writing and agreed upon by both parties. Attorneys and paralegals will find this form useful for structuring compensation agreements that comply with legal standards, while owners and partners may leverage this document to attract and retain valuable employees. Associates and legal assistants can use it as a template for similar agreements, ensuring clarity and compliance with administrative requirements.