The benefit plan agreement is a binding contract made between two parties, one of whom is known as the “Company”, while the other is known as the “Employee”. This benefit plan agreement focuses on deferred compensation plan for employees and other benefits. The plan could incorporate short term deferrals or long term deferrals depending on the company.
Sample benefit plan agreement
A sample of the agreement can be downloaded from below.
Benefit Plan Agreement
Download this USA Attorney made Original Agreement for only $9.99
This agreement is made between Company and Employee on the effective date of 15th November, 2011.
Company represented by
Mr. Vince Paige
Address: 5096 Stratemeyer Drive, Edgewood FL 32839
Contact number: (407) 852-2800
Employee represented by:
Mr. Jude Law
Address: 221 Minnehaha Road, Maitland FL 32751
Contact number: (407) 831-2885
Terms and Conditions:
- According to this Benefit Plan Agreement, Benefits payable to the said Employee will be paid from the general assets of the said Company and no funding mechanism or trust will be established for the same.
- It is the intention of the Company that the amount of payments and any notional earnings deferred by the Employee will be subject to claims of the Company’s general creditors at all times.
- This Benefit Plan Agreement states that the maximum amount of Compensation that the Eligible Employee is allowed to defer is:
- Percentage of Bonus amount in whole numbers between seventy to one hundred percent (70% – 100%); and/or
- Percentage of Quarterly Sales Bonus in whole numbers between seventy and one hundred percent (70% – 100%),
- The said Employee can opt for deferring Bonus during any of their performance periods commencing in the current Plan Year or any Plan Year by filing a form that has been provided by the Core Committee of the Company, to defer Bonus.
- The said Employee can opt for deferring Quarterly Sales Bonus during any of their performance periods commencing in the current Plan Year or any Plan Year by filing a form that has been provided by the Core Committee of the Company, to defer Quarterly Sales Bonus.
IN WITNESS WHEREOF, the parties “Company” and “Employee” have executed this Benefit Plan Agreement as on the date set forth which is 11/15/2011 (MM/DD/YY).
SIGNED FOR AND ON BEHALF OF COMPANY BY:
…………………………………………………………….
Name:
SIGNED FOR AND ON BEHALF OF EMPLOYEE BY:
…………………………………………………………….
Name: