plan of compensation
21deferred compensation — Compensation that will be taxed when received and not when earned. An example is contributions by an employer to a qualified pension or profit sharing plan on behalf of an employee. Such contributions will not be taxed to the employee until the… …
22deferred compensation — Compensation that will be taxed when received and not when earned. An example is contributions by an employer to a qualified pension or profit sharing plan on behalf of an employee. Such contributions will not be taxed to the employee until the… …
23Nonqualified deferred compensation — In the United States, the question whether any compensation plan is qualified or non qualified is primarily a question of taxation under the Internal Revenue Code (IRC). Any business prefers to deduct its expenses from its income, which will… …
24Deferred compensation — is an arrangement in which a portion of an employee s income is paid out at a date after which that income is actually earned. Examples of deferred compensation include pensions, retirement plans, and stock options. The primary benefit of most… …
25457 plan — The 457 plan is a type of tax advantaged defined contribution retirement plan that is available for governmental and certain non governmental employers in the United States. The employer provides the plan and the employee defers compensation into …
26Open compensation plan — An open compensation plan (or system or policy) is one with a defined pay scale and no rules about keeping employee pay confidential. Open compensation plans are noted for reducing employee turnover. One example of an organization with an open… …
27Ontario Teachers' Pension Plan — Board Type Private Industry Pension fund Founded 1989 Headquarters …
28Executive compensation — (also, director remuneration ) is how top executives of business corporations are paid. This includes a basic salary, bonuses, shares, options and other company benefits for work on the board of directors. Over the past three decades, director… …
29deferred compensation — n: current compensation (as wages or salary) deferred until a later time usu. for the purpose of investment (as in a retirement plan) Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. deferred compensation …
30pension plan — A plan established and maintained by an employer primarily to provide systematically for the payment of definitely determinable benefits to his employees, or their beneficiaries, over a period of years (usually for life) after retirement.… …
