Compensation Agreement Format In Miami-Dade
Category:
State:
Multi-State
County:
Miami-Dade
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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Florida Realtors has released four new forms two compensation agreements and modification forms, for each compensation agreement. You can download the latest version from Here.Miami-Dade County Public Schools Compensation Administration Forms. This Agreement shall be governed by, and construed in accordance with the laws of the State of Florida. Purpose and Intent. 3. Both pages of the agreement must be included. All sections must be filled in.