Deferred Agreement Sample For 501 In Chicago
Category:
State:
Multi-State
City:
Chicago
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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No promises or inducements have been made other than those contained in this Deferred Prosecution Agreement. The income at issue was distributed to John Doe (Doe) in the form of deferred compensation that was paid out during 2004 and 2005, but which was earned from.The Participant's election to defer. Compensation under this Plan shall not have any effect in determining the Participant's. The Plan shall be an agreement solely between the Employer and participating Employees. The Employer has established a Trust in the Trust Agreement, to hold.