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Set up a Deferred Compensation Plan for outside directors (i.e., directors who are not employees of the company or any subsidiary) with this template form for USA companies. The Plan allows the non-employee directors to defer receipt (for income tax purposes) of all compensation which would otherwise be paid to them for acting as a director. A participant in the Plan can elect to have the deferred compensation invested in shares of the company's common stock or let it accumulate and earn interest. This USA Deferred Compensation Plan for Outside Directors template is available in MS Word format, and is completely editable to fit your company's needs.