Contract Compensation For Breach In Allegheny
Category:
State:
Multi-State
County:
Allegheny
Control #:
US-00417BG
Format:
Word;
Rich Text
Instant download
Description
The Short Form of Deferred Compensation Agreement serves as a legally binding contract between an employer and a key employee, aiming to provide additional compensation that ensures the employee remains with the employer until retirement. The agreement outlines the terms of deferred compensation, specifying the amount to be paid and the schedule for payment in equal monthly installments. It addresses the conditions under which the compensation terminates, particularly if the employee engages in unauthorized work for other entities. Additionally, it provides for a lump-sum payment to the employee's surviving spouse or estate in the event of the employee's death before full payment. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who may be involved in employment law, providing a clear template for ensuring compliance and clarity in deferred compensation arrangements. Users can easily fill in the required details, making it accessible for those with limited legal experience, while its comprehensive coverage of important terms protects both parties involved in the employment relationship.
Free preview
