Deferred Compensation Agreement Template For Independent Contractors In San Diego
Category:
State:
Multi-State
County:
San Diego
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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A deferred compensation agreement is an agreement between a company and an employee that withholds paying some of the employee's salary. This Agreement ("Agreement") for professional consulting services is made and entered into as of.The City of San Diego offers employees tax-deferred retirement savings plans to help employees achieve a financially secure retirement. YES, I want to enroll today. The County of San Diego's Deferred Compensation Program is committed to helping County Employees plan for and live in retirement. Future benefits from the 457(b) Plan will reflect the amount of a participant's voluntary salary deferral contributions plus earnings. Vesting is immediate. You have many of the same options to save for retirement on a taxdeferred basis as employees participating in company plans.