Deferred Compensation Agreement Template For Independent Contractors In Contra Costa
Category:
State:
Multi-State
County:
Contra Costa
Control #:
US-00417BG
Format:
Word;
Rich Text
Instant download
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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Contra Costa County (the "County'') maintains this Contra Costa County Deferred. The County offers a voluntary Deferred Compensation Plan in accordance with Section 457 of the Internal Revenue Code.We are pleased to offer the 403(b) Tax Sheltered Annuity Plan and the 457(b) Deferred Compensation Plan to eligible employees. Sample Independent Contractor Agreement. The Contra Costa County Employees' Retirement Association ("CCCERA") invites organizations to submit proposals on providing IRC 457(b) Deferred. 1. Supervisors' compensation (salary, auto allowance and deferred compensation) as of. Contractor must perform under this Agreement as an independent contractor and not as a representative, employee, agent, or partner of the City. This article highlights several of the main considerations for employers when they are operating, amending or terminating a NQDC plan.