Deferred Compensation Agreement Template For Professional Services 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.
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Submit your forms as follows: 1) Inquries and questions can be sent via email to the Plan. A deferred compensation plan is any plan that withholds a portion of an employee's pay until the end of the deferral period.Deferred compensation is that portion of your employment compensation that is earned in one year, but not payable until a later date. This Deferred Compensation Agreement template outlines the terms and conditions of deferred compensation for employees. This deferred compensation agreement template has 3 pages and is a MS Word file type listed under our human resources documents. Find and download various legal forms, brochures, and self-help kits. If a form does not open, right-click the link to save it to your computer.