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Lecture

Incentives for Senior Managers.docx

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Department
Business Management
Course
BUSM 1100
Professor
K.Hall
Semester
Winter

Description
Incentives for Senior Managers  Short Term Incentives o Annual Bonus  Eligibility – key positions, salary-level cutoff, salary grade  Fund Size – total amount of bonus money that will be available  Bonus Objective  Individual Awards – target bonus usually set for each eligible position  Long-Term Incentives o Capital Accumulation Programs – LT incentives for executives  Stock Option  Right to purchase a stated number of shares of a company stock at today’s price at
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