All Countries
Employment
Deferred Salary Agreement

Deferred Salary Agreement Template for Austria

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Deferred Salary Agreement

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Deferred Salary Agreement

"I need a Deferred Salary Agreement under Austrian law for our senior executives, allowing them to defer up to 30% of their annual bonus until January 2025, with specific provisions for early withdrawal in case of critical illness."

Celebrated by
Collaborations with
Investors
Document background
The Deferred Salary Agreement is utilized when an employer and employee wish to establish a formal arrangement for postponing payment of a portion of the employee's compensation to a future date. This document is particularly relevant in Austrian business contexts where companies seek to implement retention strategies, tax-efficient compensation structures, or performance-based payment systems. The agreement must comply with Austrian labor law, tax regulations, and social security requirements, making it essential to include specific provisions regarding calculation methods, payment terms, and tax implications. It serves as a comprehensive legal framework that protects both employer and employee interests while ensuring compliance with Austrian regulatory requirements.
Suggested Sections

1. Parties: Identification of the employer and employee entering into the agreement

2. Background: Context of the agreement and purpose of the salary deferral arrangement

3. Definitions: Key terms used throughout the agreement including 'Deferred Salary', 'Deferral Period', 'Payment Date'

4. Salary Deferral Terms: Core terms including amount or percentage of salary to be deferred, deferral period, and payment schedule

5. Payment Mechanisms: Details of how and when deferred salary will be paid out

6. Tax Treatment: Acknowledgment of tax implications and responsibilities of both parties

7. Social Security Provisions: Impact on social security contributions and benefits

8. Employee Obligations: Employee's commitments and responsibilities under the arrangement

9. Employer Obligations: Employer's commitments and responsibilities regarding the deferred salary

10. Term and Termination: Duration of the agreement and circumstances under which it can be terminated

11. Governing Law: Specification of Austrian law as governing law and jurisdiction

12. Dispute Resolution: Process for resolving any disputes arising from the agreement

Optional Sections

1. Vesting Conditions: Include when deferred salary is subject to specific vesting conditions or performance metrics

2. Investment Options: Include when the deferred salary can be invested in specific financial instruments

3. Early Withdrawal Provisions: Include when early access to deferred salary is permitted under specific circumstances

4. Death or Disability Provisions: Include when special arrangements apply in case of death or disability

5. Works Council Approval: Include when works council consultation or approval is required

6. Change of Control Provisions: Include when specific provisions apply in case of company ownership changes

7. International Transfer Provisions: Include when employee may be transferred to international locations

Suggested Schedules

1. Schedule 1 - Calculation Method: Detailed explanation of how deferred salary amounts are calculated

2. Schedule 2 - Payment Schedule: Specific dates and amounts for deferred salary payments

3. Schedule 3 - Tax Examples: Illustrative examples of tax treatment in different scenarios

4. Appendix A - Consent Form: Employee's written consent to salary deferral arrangement

5. Appendix B - Notice Forms: Template forms for various notices under the agreement

6. Appendix C - Investment Options: If applicable, details of available investment options for deferred salary

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Linkedin in social icon imageX social icon image
alex.den.21@genieai.co
Relevant legal definitions
Agreement
Applicable Law
Austrian Labor Law
Base Salary
Business Day
Cause
Company
Confidential Information
Deferral Account
Deferral Amount
Deferral Election
Deferral Period
Deferred Compensation
Deferred Salary
Distribution Date
Effective Date
Eligible Employee
Employee
Employer
Employment Agreement
Force Majeure
Governing Law
Investment Options
Notice
Payment Date
Payment Schedule
Performance Metrics
Plan Administrator
Plan Year
Regular Salary
Regulatory Authority
Social Security Contributions
Tax Authority
Term
Termination Date
Trigger Event
Vesting Date
Vesting Period
Vesting Schedule
Works Council
Clauses
Interpretation
Definitions
Salary Deferral
Payment Terms
Calculation Method
Vesting
Tax Compliance
Social Security
Confidentiality
Data Protection
Employee Obligations
Employer Obligations
Termination
Force Majeure
Assignment
Amendment
Severability
Entire Agreement
Notices
Governing Law
Dispute Resolution
Works Council Rights
Investment Provisions
Early Withdrawal
Death Benefits
Disability Benefits
Change of Control
Non-Competition
Non-Solicitation
Representations and Warranties
Compliance with Laws
Record Keeping
Administrator Powers
Electronic Communications
Third Party Rights
Relevant Industries

Financial Services

Technology

Professional Services

Manufacturing

Healthcare

Telecommunications

Energy

Real Estate

Construction

Consulting

Insurance

Banking

Relevant Teams

Human Resources

Legal

Finance

Payroll

Compliance

Executive Management

Compensation and Benefits

Tax

Corporate Governance

Employee Relations

Relevant Roles

Chief Executive Officer

Chief Financial Officer

Senior Executive

Department Director

Managing Director

Vice President

Senior Manager

HR Director

Finance Manager

Legal Counsel

Compliance Officer

Senior Consultant

Project Manager

Sales Director

Technical Director

Industries
Austrian Labor Law (Arbeitsrecht): Fundamental employment law governing employment relationships, working conditions, and employment contracts in Austria
Austrian Income Tax Act (Einkommensteuergesetz - EStG): Regulates taxation of income including deferred compensation arrangements and their tax treatment
General Social Insurance Act (Allgemeines Sozialversicherungsgesetz - ASVG): Governs social security contributions and benefits, which may be affected by salary deferral arrangements
Austrian Pension Law (Pensionsgesetz): Regulates pension arrangements and retirement benefits, relevant for how deferred salary interacts with pension calculations
Salary Payment Act (Lohnzahlungsgesetz): Specifies requirements for salary payments, including timing and method of payment
Austrian Corporate Code (Unternehmensgesetzbuch - UGB): Contains provisions relevant to business operations and corporate accounting for deferred compensation
Works Constitution Act (Arbeitsverfassungsgesetz - ArbVG): May be relevant if works council consultation is required for implementing deferred salary arrangements
Austrian Civil Code (Allgemeines Bürgerliches Gesetzbuch - ABGB): Contains general contract law provisions applicable to employment agreements and salary arrangements
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Deferred Compensation Agreement

An Austrian law-governed agreement establishing terms for deferring employee compensation, including vesting conditions and payment terms.

find out more

Deferred Compensation Contract

An Austrian law-governed agreement establishing terms for deferring employee compensation to future dates, including payment terms and tax implications.

find out more

Simple Compensation Agreement

An Austrian law-governed agreement establishing compensation terms and payment arrangements between parties, compliant with ABGB requirements.

find out more

Transaction Bonus Agreement

An Austrian law-governed agreement establishing terms for a transaction-related bonus payment between employer and employee, including payment conditions and compliance requirements.

find out more

Severance Payment Agreement

An Austrian law-governed agreement documenting severance payment terms and conditions between employer and employee upon employment termination.

find out more

Commission Pay Agreement

An Austrian law-compliant agreement establishing commission-based compensation terms between employer and employee, including payment structure and performance criteria.

find out more

Deferred Salary Agreement

An Austrian law-governed agreement establishing terms for deferring employee salary payments to future dates.

find out more

Retention Bonus Agreement

An Austrian law-compliant agreement establishing terms for payment of a retention bonus to retain key employees.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: https://www.genieai.co/our-research
Oops! Something went wrong while submitting the form.

Genie’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; Genie’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our Trust Centre for more details and real-time security updates.

Read our Privacy Policy.