Deferred Compensation Agreement Template With Example In Arizona

• Category: Employment - Compensation
• State: Multi-State
• Control #: US-00417BG
• Format: Word; Rich Text

Description

The Deferred Compensation Agreement template with example in Arizona is a straightforward legal document designed to outline the terms under which an employer provides additional compensation to a key employee beyond regular pension plans. This form primarily serves to encourage key employees to remain with the employer until retirement by offering post-retirement income. The key features of the agreement include specific terms regarding payment amounts, installment schedules, and stipulations regarding other employment. Users must fill in details such as the names of both employer and employee, address information, and payment specifics. The agreement also includes a provision for the payment to continue to the employee's estate or spouse 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 involved in employment agreements and compensation planning. It helps to ensure that both parties understand their rights and obligations, thereby fostering a clear and professional relationship.