; Short Form Deferred Compensation Agreement
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Short Form Deferred Compensation Agreement

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This is an agreement between a company and an employee that provides the employee with retirement pay and benefits above and beyond the company’s pension plans. Customize the amount of deferred compensation amount, how it will be paid out, the employee’s covenants, and much more. This agreement is ideal for small businesses that want to incentivize longtime employees by giving them deferred compensation above their normal salary, pension, and 401(k).

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									Short Form Deferred
Compensation Agreement
This is an agreement between a company and an employee that provides the employee
with retirement pay and benefits above and beyond the company’s pension plans.
Customize the amount of deferred compensation amount, how it will be paid out, the
employee’s covenants, and much more. This agreement is ideal for small businesses
that want to incentivize longtime employees by giving them deferred compensation
above their normal salary, pension, and 401(k).
       SHORT FORM OF DEFERRED COMPENSATION AGREEMENT

THIS SHORT FORM DEFERRED COMPENSATION AGREEMENT (hereinafter referred
to as the “Agreement”) is made this the __________ day of __________, _____ [Instructions:
Insert the date of this agreement] by and between __________________________
[Instructions: Insert the name of the Company] with a principal business address of
_____________________________________ [Instructions: Insert the address of the
Company] (hereinafter referred to as the “Company”) and ______________________________
[Instructions: Insert the name of the Employee] with an address of
_____________________________________ [Instructions: Insert the address of the
Employee] (hereinafter referred to as the “Employee”).

WHEREAS, Employee is a key employee of Company and now serves as Company’s
_____________________ [Instructions: Insert the Employee’s job title] and

WHEREAS, Company wishes to retain the services of Employee until Employee’s retirement
and wishes to encourage Employee to remain with Company until retirement; and

WHEREAS, Company wants to therefore provide Employee, as additional compensation for
services to Company, with retirement income over and above what will be available to Employee
under Company’s regular pension plan for Employees;

NOW, THEREFORE, in consideration of the terms and covenants of this Agreement, and other
good and valuable consideration, the receipt of which is acknowledged, the parties agree as
follows:

1. DEFERRED COMPENSATION DETAILS

On Employee’s retirement at the age of _____ [Instructions: Insert the retirement age of the
Employee] or above, or on Employee’s earlier retirement due to sickness or other disability, or
on Employee’s early retirement with the consent of Company, Company will pay to Employee
the sum of the sum of $__________, [Instructions: Insert the total deferred compensation
amount] payable in ____ [Instructions: Insert the number of monthly installment payments
the Company will need to pay the deferred compensation amount] equal monthly
installments of $__________, [Instructions: Insert the monthly installment amount] on
________ [Instructions: Insert the day of the month the Company will pay the installment
amount] day of each month beginning the _____ day of __________, 20_____, [Instructions:
Insert the date the installment payments will start] and continuing until such sum has been
paid in full.

2. EMPLOYEE’S DEATH BEFORE FULL PAYMENT

In the event Employee dies before the full payment of the deferred compensation amount under
the conditions set forth in Section 1, Company will pay the remaining unpaid amount called for
in Section 1 to such person or persons named by Employee in a written document filed by the



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Employee with Company before their death, or in absence of such designation, to Employee’s
estate.


IN WITNESS WHEREOF, Company and Employee have hereby executed this Agreement as
of the date first above written.


EMPLOYEE


_________________________



COMPANY


_________________________
By: _________________________
I have authority to bind the Company




© Copyright 2013 Docstoc Inc. registered document proprietary, copy not        3

								
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