Deferred Salary
/dɪˈfɜrd səˈlɛri/
Definitions
- (n.) Portion of an employee's wages that is earned but payment is postponed to a later date, often for tax or retirement benefits purposes.
The company agreed to a deferred salary plan to help employees with long-term financial planning.
Forms
- deferred salary
Related terms
See also
Commentary
Deferred salary arrangements should be clearly outlined in employment contracts to ensure compliance with tax laws and labor regulations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.