Deferred Compensation Agreement Template

This deferred compensation agreement template has 3 pages and is a MS Word file type listed under our human resources documents.

Sample of our deferred compensation agreement template:

DEFERRED COMPENSATION AGREEMENT This Deferred Compensation Agreement (the "Agreement") is entered into effect as of [DATE], BETWEEN: [COMPANY NAME], ("Company"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at: [COMPLETE ADDRESS] AND: [EMPLOYEE/RECIPIENT NAME], ("Employee") an individual with their main address located at: [COMPLETE ADDRESS] PURPOSE OF AGREEMENT 1.1 The Company and the Employee acknowledge and agree that this Agreement is established to provide a deferred compensation arrangement for the Employee as a form of nonqualified deferred compensation. This Agreement is designed to outline the terms and conditions of the deferred compensation arrangement. DEFERRED COMPENSATION AMOUNT 2.1 The Company agrees to defer a portion of the Employee's compensation in accordance with the terms and conditions specified in Exhibit A attached hereto. Exhibit A includes details about the deferred compensation amount, the timing of deferral, and any additional terms agreed upon by the Parties. VESTING AND DISTRIBUTION 3.1 The deferred compensation shall vest in accordance with the vesting schedule outlined in Exhibit A. 3.2 The distribution of the deferred compensation to the Employee shall occur as detailed in Exhibit A