The Deferred Compensation Agreement between an employer and employee serves to outline the terms of additional compensation for an employee following their retirement or in the event of their death. Key features include the retirement payment structure, death benefits, and multipliers based on the National Consumer Price Index. Users must fill in specific details such as the employee's name, corporation details, and payment amounts. Additionally, the agreement includes provisions for noncompetition and termination of employment, which are essential for protecting the corporation’s interests. This form is particularly relevant for attorneys, partners, owners, associates, paralegals, and legal assistants involved in creating or managing employee compensation agreements. They can utilize this form to ensure compliance with legal standards and to provide clarity in employment relationships. By following the outlined filling and editing instructions, legal professionals can customize the agreement to meet specific organizational needs while safeguarding employee rights.