The Deferred Compensation Form for Self Employed in Arizona is a legal document designed to facilitate deferred compensation agreements between employers and key employees. This form allows employers to provide additional financial incentives to employees, encouraging their retention until retirement. Key features include defining the total amount of deferred compensation, the schedule of payments, and conditions leading to termination of the agreement, such as the employee engaging in outside work without consent. The form is structured for easy completion, requiring basic information about the employer and employee, as well as the terms of payment. It's particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who seek to establish clear compensation agreements, navigate retirement planning, or ensure compliance with legal standards related to employment compensation. Users must complete all necessary details accurately, including dates and financial figures, and should maintain original copies for legal records. The document serves to protect both parties by outlining expectations and obligations associated with deferred compensation.