The Deferred Agreement Sample for 2023 in Oakland outlines a compensation agreement between an employer and a key employee, aiming to ensure the employee's continued service until retirement. Key features of the form include the conditions under which the employee will receive additional compensation, structured as monthly installments, and provisions for payment upon the employee's death. The document explicitly states that if the employee engages in outside services without consent, their right to compensation will terminate. Filling and editing instructions emphasize entering specific details such as the employer's name, employee's position, compensation amount, and payment terms. This form is particularly useful for attorneys, partners, and business owners looking to formalize compensation arrangements, while paralegals and legal assistants can utilize it to support client management and ensure compliance with legal standards. Overall, this deferred agreement is a valuable tool for retaining key employees while providing clarity in compensation expectations.