Tennessee Executive Retirement Agreement of Georgia Pacific Corp.

• Category: Corporations - Public - Retirement
• State: Multi-State
• Control #: US-CC-21-127
• Format: Word; Rich Text

Description

This sample form, a detailed Executive Retirement Agreement document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats. The Tennessee Executive Retirement Agreement of Georgia Pacific Corp. is a contractual agreement between the Georgia Pacific Corporation and its executive employees who reside in Tennessee. This agreement outlines the terms and conditions of retirement for these executives and ensures a smooth transition into their post-employment phase. Keywords: Tennessee Executive Retirement Agreement, Georgia Pacific Corp., contractual agreement, executive employees, retirement, smooth transition, post-employment phase. There are different types of Tennessee Executive Retirement Agreements offered by Georgia Pacific Corp., which may vary based on the individual's level of employment, years of service, and other factors. Some common types of agreements include: 1. Defined Benefit Plan: This type of agreement guarantees a specific retirement benefit based on factors such as salary, years of employment, and a predetermined formula. Executives who opt for this agreement receive a fixed amount of monthly pension throughout their retirement, providing financial security. 2. Cash Balance Plan: In this agreement, a specific percentage of an executive's salary is annually added to a retirement account, along with an interest credit. The value of this account grows over time, contributing to a substantial retirement benefit when the executive chooses to retire. 3. Deferred Compensation Plan: This agreement allows executives to defer a portion of their salary into a retirement account, which will be paid out at a predetermined date in the future. The deferred amount may grow through investments and other investment tools, providing potential growth and tax advantages. 4. Supplemental Executive Retirement Plan (SERP): This agreement is designed to provide additional retirement benefits for highly compensated executives beyond what is offered by regular pension or savings plans. SERPs often involve employer contributions and typically offer more generous benefits to help provide financial security during retirement. 5. Golden Parachute Agreement: Though not specific to retirement, a Golden Parachute Agreement may be included in some executive retirement agreements. It is a contractual provision that specifies significant financial benefits for executives in the event of a change in control or termination of their employment due to a merger, acquisition, or other defined scenarios. It is important to note that the specific terms and conditions of the Tennessee Executive Retirement Agreement of Georgia Pacific Corp. may vary based on the individual agreement and the unique circumstances of each executive's employment with the company.

The Tennessee Executive Retirement Agreement of Georgia Pacific Corp. is a contractual agreement between the Georgia Pacific Corporation and its executive employees who reside in Tennessee. This agreement outlines the terms and conditions of retirement for these executives and ensures a smooth transition into their post-employment phase. Keywords: Tennessee Executive Retirement Agreement, Georgia Pacific Corp., contractual agreement, executive employees, retirement, smooth transition, post-employment phase. There are different types of Tennessee Executive Retirement Agreements offered by Georgia Pacific Corp., which may vary based on the individual's level of employment, years of service, and other factors. Some common types of agreements include: 1. Defined Benefit Plan: This type of agreement guarantees a specific retirement benefit based on factors such as salary, years of employment, and a predetermined formula. Executives who opt for this agreement receive a fixed amount of monthly pension throughout their retirement, providing financial security. 2. Cash Balance Plan: In this agreement, a specific percentage of an executive's salary is annually added to a retirement account, along with an interest credit. The value of this account grows over time, contributing to a substantial retirement benefit when the executive chooses to retire. 3. Deferred Compensation Plan: This agreement allows executives to defer a portion of their salary into a retirement account, which will be paid out at a predetermined date in the future. The deferred amount may grow through investments and other investment tools, providing potential growth and tax advantages. 4. Supplemental Executive Retirement Plan (SERP): This agreement is designed to provide additional retirement benefits for highly compensated executives beyond what is offered by regular pension or savings plans. SERPs often involve employer contributions and typically offer more generous benefits to help provide financial security during retirement. 5. Golden Parachute Agreement: Though not specific to retirement, a Golden Parachute Agreement may be included in some executive retirement agreements. It is a contractual provision that specifies significant financial benefits for executives in the event of a change in control or termination of their employment due to a merger, acquisition, or other defined scenarios. It is important to note that the specific terms and conditions of the Tennessee Executive Retirement Agreement of Georgia Pacific Corp. may vary based on the individual agreement and the unique circumstances of each executive's employment with the company.