Salary Agreement Format In California
Category:
State:
Multi-State
Control #:
US-00417BG
Format:
Word;
Rich Text
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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.
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If you're a business that needs to hire employees, use a California employment contract template to outline the terms of employment. This Employment Agreement (the "Agreement") is effective as of January 6, 2004.Client shall reimburse Contractor for the following expenses that are attributable directly to work performed under this Agreement: . Use our employment agreement template to communicate the hiring terms effectively and set the right job expectations with a new employee. A process for negotiating wages, hours, and other terms and conditions of employment. Fill out the form below to schedule a consultation. All fields required.