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Document Id : 5352
File Type : Microsoft Word
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USA Deferred Compensation Plan for Outside Directors
Set up a Deferred Compensation Plan for outside directors (i.e., directors who are not employees of the company or any subsidiary) with this template form for USA companies.
- The Plan allows the non-employee directors to defer receipt (for income tax purposes) of all compensation which would otherwise be paid to them for acting as a director.
- A participant in the Plan can elect to have the deferred compensation invested in shares of the company's common stock or let it accumulate and earn interest.
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