Deferred Compensation Agreement Template For Real Estate In Kings
Category:
State:
Multi-State
County:
Kings
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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Obtain the necessary forms for a deferred compensation agreement, including the employee's acknowledgement of the agreement and an IRS Form W-4P. All responses to the RFP will become the property of the Board and the Plan.Important. Please Submit your forms as follows: 1) Inquries and questions can be sent via email to the Plan. Each Employee who is making Deferrals shall, except as provided below, be deemed to have changed his or her Employee Salary. A deferred compensation agreement is an agreement between a company and an employee that withholds paying some of the employee's salary. (1) Deferred Compensation Plan.