{"component": "clause", "props": {"groups": [{"size": 17, "samples": [{"hash": "hXh01Oi5eny", "uri": "/contracts/hXh01Oi5eny#deferred-compensation-program", "label": "Memorandum of Understanding", "score": 29.9066886902, "published": true}, {"hash": "aTgfqsie05x", "uri": "/contracts/aTgfqsie05x#deferred-compensation-program", "label": "Memorandum of Understanding", "score": 29.9066886902, "published": true}, {"hash": "f2N2K28wTGt", "uri": "/contracts/f2N2K28wTGt#deferred-compensation-program", "label": "Memorandum of Understanding", "score": 21.9596176147, "published": true}], "snippet_links": [{"key": "unit-members", "type": "clause", "offset": [2, 14]}, {"key": "to-be-eligible", "type": "clause", "offset": [30, 44]}, {"key": "deferred-compensation-plan", "type": "clause", "offset": [66, 92]}, {"key": "employees-will", "type": "clause", "offset": [99, 113]}, {"key": "participation-agreements", "type": "definition", "offset": [151, 175]}, {"key": "applicable-to", "type": "definition", "offset": [193, 206]}, {"key": "county-employees", "type": "definition", "offset": [213, 229]}, {"key": "right-to-alter", "type": "clause", "offset": [272, 286]}, {"key": "current-plan", "type": "definition", "offset": [309, 321]}, {"key": "at-any-time", "type": "clause", "offset": [360, 371]}, {"key": "the-county-shall", "type": "clause", "offset": [373, 389]}, {"key": "administrative-fee", "type": "definition", "offset": [404, 422]}, {"key": "participating-employees", "type": "definition", "offset": [426, 449]}], "snippet": "\u200c Unit members shall continue to be eligible to join the County\u2019s Deferred Compensation Plan. Said employees will be bound by the same Plan, rules and participation agreements as are generally applicable to other County employees. DSA acknowledges that County retains the right to alter, amend, or repeal the current plan, rules, and participation agreements, at any time. The County shall not charge an administrative fee to participating employees.", "hash": "42d1ed93d2b43e5a65461f448641cc83", "id": 1}, {"size": 11, "samples": [{"hash": "jqQqEsLbkkT", "uri": "/contracts/jqQqEsLbkkT#deferred-compensation-program", "label": "Executive Employment Agreement (Ameritrade Holding Corp)", "score": 18.0, "published": true}, {"hash": "eFJV2Qj8kOG", "uri": "/contracts/eFJV2Qj8kOG#deferred-compensation-program", "label": "Executive Employment Agreement (Ameritrade Holding Corp)", "score": 18.0, "published": true}, {"hash": "eEAfjXKZa8f", "uri": "/contracts/eEAfjXKZa8f#deferred-compensation-program", "label": "Executive Employment Agreement (Ameritrade Holding Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-executive", "type": "clause", "offset": [0, 13]}, {"key": "participate-in", "type": "definition", "offset": [34, 48]}, {"key": "the-company", "type": "definition", "offset": [49, 60]}, {"key": "executive-deferred-compensation", "type": "clause", "offset": [63, 94]}, {"key": "in-accordance-with", "type": "clause", "offset": [190, 208]}, {"key": "terms-and-conditions-of-the", "type": "clause", "offset": [213, 240]}], "snippet": "The Executive will be eligible to participate in the Company's Executive Deferred Compensation Program (or any successor deferred compensation program) (the \"Deferred Compensation Program\") in accordance with the terms and conditions of the Deferred Compensation Program.", "hash": "86ce22d8735ca70022a1e4f62592a585", "id": 2}, {"size": 10, "samples": [{"hash": "9sc1frdca9j", "uri": "/contracts/9sc1frdca9j#deferred-compensation-program", "label": "Master Agreement", "score": 33.5843429565, "published": true}, {"hash": "jegoCoDtHpm", "uri": "/contracts/jegoCoDtHpm#deferred-compensation-program", "label": "Master Agreement", "score": 33.0663146973, "published": true}, {"hash": "a8DOastpM7p", "uri": "/contracts/a8DOastpM7p#deferred-compensation-program", "label": "Master Agreement", "score": 33.0663146973, "published": true}], "snippet_links": [{"key": "participate-in", "type": "definition", "offset": [49, 63]}, {"key": "deferred-compensation-plan", "type": "clause", "offset": [66, 92]}, {"key": "pursuant-to-section", "type": "definition", "offset": [93, 112]}, {"key": "internal-revenue-code", "type": "clause", "offset": [138, 159]}, {"key": "subject-to", "type": "clause", "offset": [164, 174]}, {"key": "provisions-of", "type": "clause", "offset": [186, 199]}, {"key": "minnesota-statutes", "type": "clause", "offset": [200, 218]}, {"key": "the-companies", "type": "definition", "offset": [329, 342]}, {"key": "investment-provider", "type": "definition", "offset": [381, 400]}], "snippet": "Early and Family Education teachers may elect to participate in a deferred compensation plan pursuant to Section 457(b) and 403(b) of the Internal Revenue code and subject to applicable provisions of Minnesota Statutes. Early and Family Education teachers may participate in the deferred compensation program with one or more of the companies designated as a School Board approved investment provider.", "hash": "391659badf265f3deff183fbfa55132b", "id": 3}, {"size": 8, "samples": [{"hash": "6zsB09WwUd4", "uri": "/contracts/6zsB09WwUd4#deferred-compensation-program", "label": "Collective Bargaining Agreement", "score": 33.1912918091, "published": true}, {"hash": "5nsF0zuoHbU", "uri": "/contracts/5nsF0zuoHbU#deferred-compensation-program", "label": "Collective Bargaining Agreement", "score": 33.106842041, "published": true}, {"hash": "QwnwLGdgpp", "uri": "/contracts/QwnwLGdgpp#deferred-compensation-program", "label": "Collective Bargaining Agreement", "score": 30.4777832031, "published": true}], "snippet_links": [{"key": "in-accordance-with", "type": "clause", "offset": [18, 36]}, {"key": "applicable-federal-laws-and-regulations", "type": "clause", "offset": [37, 76]}, {"key": "to-maintain", "type": "clause", "offset": [98, 109]}, {"key": "deferred-compensation", "type": "definition", "offset": [110, 131]}, {"key": "participation-in-the-program", "type": "clause", "offset": [144, 172]}], "snippet": "\u200c Pursuant to and in accordance with applicable federal laws and regulations, the Employer agrees to maintain Deferred Compensation Program(s). Participation in the program is voluntary.", "hash": "233ee322f90865564e1b31190cbc3411", "id": 4}, {"size": 8, "samples": [{"hash": "eLrKGynl75y", "uri": "/contracts/eLrKGynl75y#deferred-compensation-program", "label": "Labor Agreement", "score": 32.7744409368, "published": true}, {"hash": "h5GM459Rcwm", "uri": "/contracts/h5GM459Rcwm#deferred-compensation-program", "label": "Labor Agreement", "score": 27.9357833862, "published": true}, {"hash": "7gZaMGCqXvu", "uri": "/contracts/7gZaMGCqXvu#deferred-compensation-program", "label": "Labor Agreement", "score": 23.2162895203, "published": true}], "snippet_links": [{"key": "the-city-shall", "type": "clause", "offset": [0, 14]}, {"key": "participate-in", "type": "definition", "offset": [60, 74]}], "snippet": "The City shall allow employees covered by this Agreement to participate in the Deferred Compensation Program.", "hash": "5981b972ba917a3735c1b81e65b570b7", "id": 5}, {"size": 7, "samples": [{"hash": "iFsb9AOVq5I", "uri": 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However, if the program is determined not to be allowable as a tax deferral under the Internal Revenue Code, the participating commanding officer shall hold the City and the Association harmless against any and all claims, demands, or other forms of liability arising as a result of any invalidation of the terms and conditions of the Program.", "hash": "0e6941745ee9216498a0ceb4ea01190b", "id": 9}, {"size": 4, "samples": [{"hash": "bNUTNmc38yD", "uri": "/contracts/bNUTNmc38yD#deferred-compensation-program", "label": "Collective Bargaining Agreement", "score": 29.5207195282, "published": true}, {"hash": "dZGBYGEMRAd", "uri": "/contracts/dZGBYGEMRAd#deferred-compensation-program", "label": "Collective Bargaining Agreement", "score": 26.7231292725, "published": true}, {"hash": "cPrr7q98bdq", "uri": "/contracts/cPrr7q98bdq#deferred-compensation-program", "label": "Collective Bargaining Agreement", "score": 24.1253681183, "published": true}], "snippet_links": [{"key": "employees-shall", "type": "clause", "offset": [0, 15]}, {"key": "the-option", "type": "clause", "offset": [28, 38]}, {"key": "entering-into", "type": "clause", "offset": [42, 55]}, {"key": "retirement-program", "type": "definition", "offset": [58, 76]}, {"key": "internal-revenue-code", "type": "clause", "offset": [93, 114]}, {"key": "the-plans", "type": "clause", "offset": [135, 144]}, {"key": "by-the-city", "type": "clause", "offset": [162, 173]}, {"key": "the-city-shall", "type": "clause", "offset": [175, 189]}, {"key": "make-available", "type": "definition", "offset": [190, 204]}, {"key": "iaff-financial-corporation-457-plan", "type": "clause", "offset": [209, 244]}, {"key": "to-transfer", "type": "clause", "offset": [271, 282]}, {"key": "plan-assets", "type": "clause", "offset": [287, 298]}, {"key": "plan-of", "type": "definition", "offset": [306, 313]}, {"key": "approval-of", "type": "definition", "offset": [326, 337]}, {"key": "deferred-compensation-committee", "type": "definition", "offset": [342, 373]}], "snippet": "Employees shall be afforded the option of entering into a retirement program governed by the Internal Revenue Code 457. In addition to the plans already provided by the City, the City shall make available the IAFF Financial Corporation 457 Plan. Members will be entitled to transfer 457 plan assets to the plan of choice upon approval of the Deferred Compensation Committee.", "hash": "f907975d7bc8418c3974efe7a278c821", "id": 10}], "next_curs": "CmYSYGoVc35sYXdpbnNpZGVyY29udHJhY3RzckILEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiZkZWZlcnJlZC1jb21wZW5zYXRpb24tcHJvZ3JhbSMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"title": "Deferred Compensation Program", "size": 205, "parents": [["compensation", "COMPENSATION"], ["benefits-and-perquisites", "BENEFITS AND PERQUISITES"], ["ordering-of-remedies-and-waiver", "Ordering of Remedies and Waiver"], ["miscellaneous", "Miscellaneous"], ["retirement-benefits", "Retirement Benefits"]], "children": [["salary-increases", "Salary Increases"], ["", ""], ["movement-to-a-higher-classification", "Movement to a Higher Classification"], ["working-out-of-classification", "Working Out of Classification"], ["rates-of-pay", "Rates of Pay"]], "id": "deferred-compensation-program", "related": [["deferred-compensation-plan", "Deferred Compensation Plan", "Deferred Compensation Plan"], ["deferred-compensation-plans", "Deferred Compensation Plans", "Deferred Compensation Plans"], ["deferred-compensation", "Deferred Compensation", "Deferred Compensation"], ["incentive-compensation-plan", "Incentive Compensation Plan", "Incentive Compensation Plan"], ["deferred-compensation-account", "Deferred Compensation Account", "Deferred Compensation Account"]], "related_snippets": [], "updated": "2025-07-24T06:49:05+00:00", "also_ask": ["What key terms must be included to ensure enforceability of a deferred compensation program?", "How can the program be structured to maximize tax efficiency for both employer and employee?", "What are the most common legal pitfalls or compliance risks in deferred compensation arrangements?", "How do deferred compensation programs compare to equity-based incentives in terms of retention and risk?", "What factors do courts consider when determining the validity of deferred compensation claims in litigation?"], "drafting_tip": "Specify eligibility criteria and payment schedules to ensure clarity; define vesting conditions to prevent disputes; outline tax treatment to ensure compliance.", "explanation": "A Deferred Compensation Program clause establishes the terms under which an employee or executive can postpone receiving a portion of their earned income until a later date, typically retirement or separation from the company. This clause outlines eligibility, the types of compensation that can be deferred (such as bonuses or salary), and the timing and method of future payments. By allowing employees to defer income, the clause provides tax planning advantages and helps employers retain key personnel by offering long-term financial incentives."}, "json": true, "cursor": ""}}