deferred compensation

Definition of "deferred compensation"
  1. A payment plan where a portion of an employee's salary is set aside to be given at a future date, usually for tax benefits
How to use "deferred compensation" in a sentence
  1. The CEO opted for deferred compensation to maximize his long-term earnings.
  2. Deferred compensation plans are often part of executive contracts to incentivize performance.
  3. To attract top talent, many companies offer deferred compensation as part of their benefits package.

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