Agreement For Salary Advance In Middlesex
Category:
State:
Multi-State
County:
Middlesex
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
This form is a template an employer may use to obtain written authorization to make payroll deductions for a wage advance provided to an employee. The scheduled meeting of the Board of Trustees of Middlesex College was held at . p.m.The consulting agreement is effective commensurate with Mr. Doll's retirement and expires May 21, 2024. (the "Hospital") established the Middlesex Retirement.