20-221D 20-221D . . . Stock Bonus Plan Board of Directors has authority to determine which key employees shall be awarded stock bonuses, amounts of bonuses, number of shares of common stock to be awarded, and all other terms and provisions of each bonus. Bonus awards are based on attainment of specified types and combinations of performance measurement criteria, which may differ as to various employees
Washington Executive Bonus Plan
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US-CC-20-221D
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FAQ
If compensation is the total amount of payment an employee receives from their company, fair compensation is essentially providing each employee with the ?right? salary and benefits in relation to the value they bring to the organization.
A compensation plan is a payment package designed to attract and retain employees. A basic compensation package consists solely of a salary or wages. A more comprehensive compensation package could include additional benefits such as bonuses, perks, commission, health insurance, or retirement investments.
For more information, visit the Department of Retirement System's web site. All state employees are covered by the U.S. social security insurance system. The state and the employee pay an equal amount into the system.
Benefits of a deferred compensation plan, whether qualified or not, include tax savings, the realization of capital gains, and pre-retirement distributions.
Total compensation is the totality of all payments and benefits given to an employee by an employer. Total compensation consists of base salary, bonus pay, employee benefits, perks, commissions, lifestyle spending accounts, and tips.
The Deferred Compensation Program is a supplemental retirement savings program you control. The Washington State Department of Retirement Systems (DRS) administers this 457(b) plan, which is similar to a 401(k) or 403(b) that many employers offer. Over 100,000 Washington public employees have saved with DCP.
Total compensation includes all forms of pay and benefits an employee receives. It can include base salary, overtime pay, bonuses, commissions, benefits, and any other cash or non-cash compensation. Total compensation can be divided into two categories: direct and indirect.
