Liability and Compensation Agreements
Preferred Compensation
Preferred Compensation plans are used to give employees a incentive should they for example work for a long period.
It's a endowment or savings plan paying a amount at a specific time.
Contingent Liability
A Contingent Liability Agreement is a life cover policy taken on the life of a responsible person or partner for debt the company has.
Should the Person dies or get disabled the plan Pays the debt
