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LSDefine

Simple English definitions for legal terms

deferred compensation

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A quick definition of deferred compensation:

Deferred compensation: This is a way that some companies pay their employees. Instead of giving all the money right away, they save some of it for later when the employee retires. This helps the employee avoid paying too much in taxes. Other ways of paying employees would make them pay taxes right away.

A more thorough explanation:

Deferred compensation is a type of employee compensation where a portion of an employee's pay is set aside to be received at a later time, usually at retirement. This is done to avoid taxes that would be incurred if the employee received the compensation immediately.

For example, let's say an employee earns $100,000 per year and their employer offers a deferred compensation plan. The employee decides to defer 10% of their salary, or $10,000, to be received at retirement. This means that the employee will only pay taxes on $90,000 of their income for that year, instead of $100,000.

Another example of deferred compensation is a stock option plan. In this type of plan, an employee is given the option to purchase company stock at a set price in the future. If the stock price increases, the employee can purchase the stock at the lower price and sell it for a profit. This is a form of deferred compensation because the employee is not receiving the benefit immediately, but rather at a later time.

Overall, deferred compensation is a way for employees to save money on taxes and plan for their future financial security.

defensive collateral estoppel | deficiency

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everyone trying to YM each other but no JM... damn :/
AHAHAHAAH
i'm lying in wait dw
if no gtown today i'm crashing out so bad yall don't even know
i will not be racist or say slurs tho unlike Some people
how bad on a scale of wild- evol bunny
HAHAHAH
BulbasaurNoLikeCardio
13:20
Evol bunny said they are dropping out and done with LS, they are too good for it so likely will never see the melt downs again
Dkk
13:20
@SplitterusClitterus: 11:22:24 PST, so in about an hour.
Dkk
13:21
Adios EvolBunny then
yall saw the shit at gtown rn w the pregnant 2l
Dkk
13:22
@HopefullyInLawSchool: Lol
babycat
13:22
we have one local rep who didn’t get reelected bc she went on a podcast and said some crazy shit about jewish people
insane
13:22
@HopefullyInLawSchool: that is so unfair its insane that people have to go through that
theres a student that is literally having a baby and the admin denied her request for a test extension, and told her to come in the day after she gave birth to take the exam w her baby
come in the DAY AFTER SHE GIVES BIRTH
W HER BABY
13:23
saw that, crazy that she cant just hold the fucker in for a day longer
LMFAO
babycat
13:23
gulc going to hell I’m so serious
glovediedthisishismom
13:24
thats definetly horsey on an alt
glovediedthisishismom
13:24
no way any professor did that
13:25
thrifted a vintage burberry suit today and feeling unstoppable
Dkk
13:26
Nice
glovediedthisishismom
13:26
im in the field like a defensive lineman im always in saks 💯
1a2b3c4d26z
13:26
That's awesome
1a2b3c4d26z
13:26
real ones shop at bergdorf
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