template Rabbi Trust Contract

The template Rabbi Trust Contract is a legal document that establishes a trust relationship between an employer and an employee for the purpose of executive compensation. A Rabbi Trust is a type of non-qualified deferred compensation plan often used by corporations to set aside funds for highly compensated executives. This contract template outlines the terms and conditions governing the establishment and operation of the trust, including the transfer of assets, management of the funds, and the rights and obligations of both parties involved. It also provides provisions to ensure the funds are secure and accessible to the executive upon specified triggering events such as retirement, disability, or termination. This legal template aims to protect the interests of both the employer and the employee and ensure compliance with relevant tax laws and regulations.