plan of compensation
41Commissioners' Plan of 1811 — A modern redrawing of the 1807 version of the Commissioner s Grid plan for Manhattan, a few years before it was adopted in 1811. The Commissioners Plan of 1811 was the original design plan for the streets of Manhattan, which put in place the grid …
42Equity Compensation — This is one way to attract and retain employees to a startup company. Since most companies lack the initial funds to get high quality employees, they use equity compensation to fulfill this need. Equity compensation is a non cash compensation… …
43Defined contribution plan — See also: Defined benefit plan In economics, a defined contribution plan is a type of retirement plan in which the amount of the employer s annual contribution is specified.[1] Individual accounts are set up for participants and benefits are… …
44Registered Retirement Savings Plan — A Registered Retirement Savings Plan or RRSP is an account that provides tax benefits for saving for retirement in Canada. RRSP refers to a provision in the Income Tax Act that allows a person to shelter financial property from income taxes.RRSPs …
45National Response Plan — The National Response Plan (NRP) was a United States national plan to respond to emergencies such as natural disasters or terrorist attacks. It came into effect in December 2004 [1], and was superseded by the National Response Framework on March… …
46Individual Pension Plan — An Individual Pension Plan or IPP is a Canadian retirement savings vehicle. An IPP is a one person maximum Defined Benefit Pension Plan (DB Plan) which allows the plan member to accrue retirement income on a tax deferred basis. As such, an IPP… …
47defined benefit plan — de·fined benefit plan n: a pension plan in which the amount of benefits paid to an employee after retirement is fixed in advance in accordance with a formula given in the plan Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. defined… …
48Cash Balance Pension Plan — A pension plan under which an employer credits a participant s account with a set percentage of his or her yearly compensation plus interest charges. A cash balance pension plan is a defined benefit plan. As such, the plan s funding limits,… …
49401(k) plan — / fōr ˌō ˌwən kā / n [after the section of the Internal Revenue Code that established it]: a retirement savings plan under which an employee may elect to have pretax contributions from his or her wages or salary deferred to a trust for investment …
50Top Hat Plan — A form of retirement plan available only to selected company employees usually key executives. Such plans are different from standard retirement plans in a number of ways: 1) They don t usually offer the same tax benefits of an opt in plan. 2)… …
