Compensation Agreement Template For Nonprofit Organizations In Riverside - Deferred Compensation Agreement - Short Form
Category:
State:
Multi-State
County:
Riverside
Control #:
US-00417BG
Format:
Word
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Description
Deferred compensation is an arrangement in which a portion of an employee's income is paid out at a date after which the income is actually earned. A Deferred Compensation Agreement is a contractual agreement in which an employee (or independent contractor) agrees to be paid in a future year for services rendered. Deferred compensation payments generally commence upon termination of employment (e.g., retirement) or death or disability before retirement. These agreements are often geared toward anticipated retirement in order to provide cash payments to the retiree and to defer taxation to a year when the recipient is in a lower bracket. Although the employer's contractual obligation to pay the deferred compensation is typically unsecured, the obligation still constitutes a contractual promise.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
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ARTICLE II Union Security . Riverside City College.Learning-Aligned Employment Program. Implementing compensation practices legally is an area that requires careful attention, and may call for professional guidance. This Agreement may be executed in any number of counterparts, each of which will be an original, but all of which together will constitute one instrument. Elements should be measurable and include fundraising goals, financial stewardship, completing the strategic plan, etc. As for the Digital Navigator grant, the compensation model offered to the County of Riverside. Complete and file your non-profit status application. Provide training for your board on non-profit financial statement usage and effective budgeting practices.