Compensation Agreement Format In Massachusetts
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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This form should be used only for cases in which liability has been accepted. Codes and instructions on the reverse side.Free Compensation Agreement. Answer a few simple questions. What you get: Instant access to fillable Microsoft Word or PDF forms. Minimize the risk of using outdated forms and eliminate rejected fillings. The commission agreement template takes you step-by-step through the information necessary to complete the agreement accurately. Massachusetts Commission Agreement. MA WC Assigned Risk Application in a PDF fillable form which can be saved to your own file and completed online. Make changes to the template.