plan of compensation
51Non-Qualified Plan — Any type of tax deferred, employer sponsored retirement plan that falls outside of employee retirement income security act (ERISA) guidelines. Non qualified plans are designed to meet specialized retirement needs for key executives and other… …
52fee-based compensation — Payment to a financial adviser of a set hourly rate, or an agreed upon percentage of assets under management, for a financial plan. When the plan is implemented, the adviser may also receive commission on some or all of the investment products… …
53Binary plan — The Binary plan is an organizational plan used by multi level marketing (MLM) organizations wherein new organization members are introduced into a Binary Tree structure, or a left and a right subtree. Normally, one subtree is referred to as a… …
54September 11th Victim Compensation Fund — The September 11th Victim Compensation Fund was created by an Act of Congress shortly after 9/11 to compensate the victims of the attack (or their families) in exchange for their agreement not to sue the airline corporations involved. Kenneth… …
55Deferred Compensation — An amount of earned income that is payable at a later date. Most deferred compensation plans allow the wage earner to defer tax now so that the funds can be withdrawn and taxed at some point in the future. The most common form of deferred… …
56defined benefit plan — A pension or other employee benefit plan that provides specified amounts of benefits to eligible participants. The specified amounts of benefits are usually determined based upon age, years of service, and/or levels of compensation. American… …
57Cafeteria plan — A cafeteria plan is a type of employee benefit plan offered in the United States pursuant to Section 125 of the Internal Revenue Code. Its name comes from the earliest such plans that allowed employees to choose between different types of… …
58phantom stock plan — An employee benefit plan in which benefits are determined by reference to the performance of the corporation s common shares. A deferred compensation unit plan for corporate executives and employees which credits to the unit account of the… …
59top hat plan — USA A plan that is unfunded and is maintained by an employer primarily to provide deferred compensation for a select group of management or highly compensated employees. Top hat plans are exempt from certain requirements of the Employee… …
60Leave-Sharing Plan — A plan that allows employees to donate unused sick leave time to a charitable pool, from which employees who need more sick leave than they are normally allotted may draw. Leave sharing plans are designed to aid employees who face major surgeries …
