Salary Agreement For Public Service Employees In Arizona
Category:
State:
Multi-State
Control #:
US-00417BG
Format:
Word;
Rich Text
Instant download
Description
The Salary Agreement for Public Service Employees in Arizona provides a structured method for employers to offer deferred compensation to key employees. This agreement is designed to retain valuable personnel by offering additional income after retirement, supplementing regular pension benefits. Key features of the form include stipulations regarding the employee's continued service until a designated retirement date, a specified compensation amount payable in monthly installments, and conditions under which this compensation may terminate. The agreement also outlines provisions related to the employee's death prior to full payment, ensuring remaining balances are paid to the spouse or estate. Filling out this form requires both parties to provide their names, addresses, and relevant details regarding employment and compensation. It is particularly useful for attorneys, partners, and owners managing public sector employees, as well as for paralegals and legal assistants involved in drafting employment agreements. The utility of this form lies in its ability to clarify the financial arrangements between employers and their valued employees, fostering both retention and compliance with Arizona state laws regarding deferred compensation.
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