Compensation Agreement Template For Real Estate In Orange
Category:
State:
Multi-State
County:
Orange
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
Does the buyer agent or the listing agent need to fill out Form 220? Either one can fill out Form 220 and send it to the other.We wanted to explain to you the issues that have developed with the new compensation systems in real estate transactions. This form is made available to real estate professionals through an agreement with or purchase from the California Association of REALTORS®.