Deferred Compensation Agreement Template For Independent Contractors In Oakland
Category:
State:
Multi-State
County:
Oakland
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
Sample Independent Contractor Agreement. Future benefits from the 457(b) Plan will reflect the amount of a participant's voluntary salary deferral contributions plus earnings.Vesting is immediate. Combined Contract Schedules for Construction and Professional Services Contracts. To use the latest web form version please click on this link. Compensation Plan sample Basic Plan Document. A deferred compensation agreement is an agreement between a company and an employee that withholds paying some of the employee's salary.