18-276 18-276 . . . Director Incentive Compensation Plan under which eligible directors are granted automatic, nondiscretionary annual awards of 100 shares of common stock to each eligible director at no cost to director upon election or re-election by stockholders. The Board may amend award formula to no greater than 500 shares per year per director
Montana Director Incentive Compensation Plan
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US-CC-18-276
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FAQ
Incentive compensation is simply additional money, or rewards of value (i.e. stock), paid to employees based on their performance, and on top of their base salary. The performance measures companies use to structure these comp plans can vary widely.
Compensation and benefits managers typically do the following: Coordinate and supervise the work activities of staff. Set the organization's pay and benefits structure. Monitor competitive wage rates to develop or modify compensation plans.
Incentives like restricted stock-based packages and cash bonuses ? awarded to employees after reaching certain long-term goals or staying on at the company for specified time frames ? are examples of long-term incentive compensation.
To attract and keep their best employees, companies provide a ?package? that includes compensation (money), incentives (special perks or rewards for good work), and benefits (valuable options such as health insurance and paid vacation).
Compensation management is defined as ?the act of distributing some type of monetary value to an employee for their work by means of the company's policy or procedures?. Simply put, it is the paycheck plus any benefits that come with the position.
Some examples of these incentives include extra paid holidays, recognition, praise, opportunity for personal or professional growth, gifts, family benefits or even work-based perks such as more interesting projects or work.
Compensation management is defined as ?the act of distributing some type of monetary value to an employee for their work by means of the company's policy or procedures?. Simply put, it is the paycheck plus any benefits that come with the position.
Compensation refers to any payment given by an employer to an employee during their period of employment. In return, the employee will provide their time, labor, and skills. This compensation can be in the form of a salary, wage, benefits, bonuses, paid leave, pension funds, and stock options, and more.