Deferred Agreement Sample For 2023 In Mecklenburg
Category:
State:
Multi-State
County:
Mecklenburg
Control #:
US-00417BG
Format:
Word;
Rich Text
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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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A deferred prosecution should be subject to expunction under the general expunction statute on dismissals, GS 15A-146. This Settlement Agreement, dated as of December 9, 2022 (the "Agreement"), sets forth the.☐ The agreement is in the best interests of the defendant, and public welfare will be served. Do not remove any of the formulas in the Excel documents.