Contract With Compensation In King
Category:
State:
Multi-State
County:
King
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.
Free preview
Form popularity
More info
A Compensation Agreement records a negotiated change in wage or earnings for your employee. Contracts are generally required when hiring a non-Stanford individual or organization to perform a service for Stanford using Stanford funds.THIS CONTRACT FOR SERVICES, including any attached addenda, if applicable (Contract) is effective as of July 1,. The right breach of contract lawyer can calculate your damages and take every possible action to seek full payment for you.