Products tagged with 'deferred compensation'

Set up a Deferred Compensation Plan for outside directors with this downloadable template for USA companies.

This customizable template is designed specifically for companies in the United States seeking to establish a compensation arrangement for outside directors.

Eligibility

Only directors who are not employees or managers of the company or any of its subsidiaries are eligible to participate in the Plan.

Deferral of Compensation

Under this plan, eligible non-employee directors may elect to defer the receipt of any compensation that would otherwise be paid to them for their service as directors. The deferral option is for income tax purposes.

Investment Options

Participants have the flexibility to choose how their deferred compensation is managed. They may elect to have the deferred amounts invested in shares of the company's common stock or allow the funds to accumulate and earn interest over time.

Customization

This template is customizable, enabling companies to tailor the plan to meet their specific requirements and preferences.

Intended Use

The Deferred Compensation Plan template is intended exclusively for use by companies operating within the United States.