Executive-level employees receive executive compensation, which refers to packages including many benefits. Executive compensation packages may include base salary, stock options, personal benefits, perquisites, bonuses, and other benefits relating to compensation. The benefits of executive compensation is usually split into four categories: pay package design, which includes details of all monetary compensation, equity compensation, which includes stock options, performance-contingent pay, which requires certain preset accomplishments to be met before some pay is provided, and vesting schedules, which requires even more compliance from the executive for the pay the be received. An executive compensation package is typically determined by a company’s board of directives.
The content on our website is only meant to provide general information and is not legal advice. We make our best efforts to make sure the information is accurate, but we cannot guarantee it. Do not rely on the content as legal advice. For assistance with legal problems or for a legal inquiry please contact you attorney.