Travis Texas Deferred Compensation Agreement by First Florida Bank, Inc. for Key Employees

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Travis
• Control #: US-CC-20-162F
• Format: Word; Rich Text

Description

This is a multi-state form covering the subject matter of the title. The Travis Texas Deferred Compensation Agreement offered by First Florida Bank, Inc. for Key Employees is a comprehensive financial benefit plan designed to provide additional compensation and retirement savings options for selected employees. This agreement allows eligible employees to defer a portion of their income, reducing their immediate taxable income while accumulating savings for the future. Key employees of First Florida Bank, Inc. who qualify for this program have the opportunity to tailor their deferred compensation agreement according to their specific financial goals and needs. By deferring a portion of their earnings, employees can effectively manage their tax liabilities and create a long-term investment strategy that aligns with their personal financial objectives. The Travis Texas Deferred Compensation Agreement enables key employees to take advantage of various investment vehicles and strategies, such as individual investment accounts, mutual funds, stocks, bonds, and other approved investment options. This flexibility allows participants to diversify their investment portfolio and potentially maximize returns over time. Moreover, this agreement may consist of different types or versions depending on the specific terms and conditions offered by First Florida Bank, Inc. Some possible variations might include: 1. Basic Travis Texas Deferred Compensation Agreement: This type generally includes the core features of the plan, allowing eligible key employees to defer a predetermined percentage of their salary and bonus income. 2. Enhanced Travis Texas Deferred Compensation Agreement: This version may offer additional benefits or incentives to key employees who meet certain performance benchmarks or tenure milestones within the organization. Such enhancements could include matching contributions, accelerated vesting schedules, or increased employer contributions. 3. Deferred Compensation Agreement with Investment Options: This variation allows key employees to allocate their deferred funds across various investment options based on their risk tolerance and investment preferences. Participants can choose from a diverse range of investment instruments to build a portfolio that suits their long-term financial goals. 4. Travis Texas Deferred Compensation Agreement with Retirement Income Option: This type provides the option for participants to convert their accumulated deferred funds into a steady stream of retirement income, ensuring financial security during their retirement years. It is important for key employees considering this deferred compensation agreement to thoroughly review and understand the specific terms, conditions, and investment options provided by First Florida Bank, Inc. Tailoring the agreement to fit their unique circumstances and financial ambitions can help employees make the most of this valuable benefit.

The Travis Texas Deferred Compensation Agreement offered by First Florida Bank, Inc. for Key Employees is a comprehensive financial benefit plan designed to provide additional compensation and retirement savings options for selected employees. This agreement allows eligible employees to defer a portion of their income, reducing their immediate taxable income while accumulating savings for the future. Key employees of First Florida Bank, Inc. who qualify for this program have the opportunity to tailor their deferred compensation agreement according to their specific financial goals and needs. By deferring a portion of their earnings, employees can effectively manage their tax liabilities and create a long-term investment strategy that aligns with their personal financial objectives. The Travis Texas Deferred Compensation Agreement enables key employees to take advantage of various investment vehicles and strategies, such as individual investment accounts, mutual funds, stocks, bonds, and other approved investment options. This flexibility allows participants to diversify their investment portfolio and potentially maximize returns over time. Moreover, this agreement may consist of different types or versions depending on the specific terms and conditions offered by First Florida Bank, Inc. Some possible variations might include: 1. Basic Travis Texas Deferred Compensation Agreement: This type generally includes the core features of the plan, allowing eligible key employees to defer a predetermined percentage of their salary and bonus income. 2. Enhanced Travis Texas Deferred Compensation Agreement: This version may offer additional benefits or incentives to key employees who meet certain performance benchmarks or tenure milestones within the organization. Such enhancements could include matching contributions, accelerated vesting schedules, or increased employer contributions. 3. Deferred Compensation Agreement with Investment Options: This variation allows key employees to allocate their deferred funds across various investment options based on their risk tolerance and investment preferences. Participants can choose from a diverse range of investment instruments to build a portfolio that suits their long-term financial goals. 4. Travis Texas Deferred Compensation Agreement with Retirement Income Option: This type provides the option for participants to convert their accumulated deferred funds into a steady stream of retirement income, ensuring financial security during their retirement years. It is important for key employees considering this deferred compensation agreement to thoroughly review and understand the specific terms, conditions, and investment options provided by First Florida Bank, Inc. Tailoring the agreement to fit their unique circumstances and financial ambitions can help employees make the most of this valuable benefit.