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Average annual salary in Fip is INR 9.0 lakhs .
Fixed Increment Payment (FIP): A merit-based lump sum payment awarded in lieu of, or in combination with, a merit increase. A FIP is based on individual performance of job duties during a defined review period and used when the individual reaches the maximum of the pay range.
Annual incentive compensation for AEP executives was based on performance metrics weighted as follows in 2019: operating EPS at 70%, strategic initiatives at 20%, and safety and compliance at 10%.