a form of incentive program under which a bonus is paid to employees in accordance with rules concerning eligibility, performance targets, time period, and size and form of payments. A bonus plan may apply to some or all employees and may be determined on organization, business unit, or individual performance, or on a combination of these. A bonus payment may be expressed as a percentage of salary or as a flat-rate sum.
By Komsan Tortermvasana, Bangkok Post, Thailand Knight Ridder/Tribune Business News Mar. 12--The planned privatisation of the Communications Authority of Thailand CAT is expected to run into trouble when its bonus plan is forwarded to the cabinet for approval end of this month....
ESOPs are a unique type of qualified plan that can be used by both publicly and privately held corporations. The main purpose for establishing an ESOP is to benefit the employees of the corporation. Think of an ESOP as a stock bonus plan or a combination of a stock bonus...
DALLAS -- After sharp criticism from its rank-and-file, American Airlines dropped a plan Friday to award bonuses to select top executives if they stay at the embattled airline until 2005. But the world's biggest airline is leaving in place a supplemental pension plan for a broader group of...
By Bill Hensel Jr., Houston Chronicle Knight Ridder/Tribune Business News May 8--A bonus plan for Continental Airlines executives has drawn criticism from the carrier's pilots, whose own contract remains in limbo. The plan, approved by Continental's board of directors earlier ...
THE CHIEF executive of Prudential has proudly declared he would commend the insurance company's much-maligned executive bonus scheme to other FTSE 100 constituents, adding that he saw being called "fat cat" as part of the job. In his first public comments on Prudential's multi-million pound share incentive...
This tool calculates how much of your bonus you keep after deducting income and Federal Insurance Contributions Act FICA taxes and any deductions that you specify, including contributions to a 401k or similar employer-sponsored retirement plan.
LYNCHBURG, Va.--BUSINESS WIRE--June 23, 1995--James L. Davidson, Jr., President of FFVA Financial Corporation, the holding company of First Federal Savings Bank of Lynchburg (NASDAQ:FFFC), announced today that it had received approval from the Office of Thrift Supervision ("OTS") necessary to implement the Corporation's Management Stock Bonus Plan. The Corporation...
IN THE REGION US Airways chief defers $770,000 bonus for 2005 US Airways Group Inc. chief executive officer W. Douglas Parker said he rejected a $770,000 bonus earned last year and won't consent to a such a reward until his newly merged airline becomes profitable. Parker, 44, said...
If a bonus is truly performance-based, then one could deduce that First Mariner Bancorp had the best year as its chairman and chief executive officer reaped the largest bonus payout among his peers -- some of whom were denied bonus pay. First Mariner Chief Edwin F. Hale Sr. earned...
By Susan Chandler, Chicago Tribune Knight Ridder/Tribune Business News Jul. 8--United Airlines has asked a bankruptcy judge to approve retention bonuses for technical employees, a proposal that has drawn fire from one of the airline's unions. The plan would...
Business Editors SEATTLE--BUSINESS WIRE--May 7, 2001 Frequent travelers ranked Alaska Airlines' Mileage Plan among the top three travel programs in the nation at the 13th Annual Freddie Awards presented last month by InsideFlyer magazine. Alaska placed No. 3 overall, and earned No. 2 honors in three sub-categories:...
Mar. 18--Hewlett-Packard Co. is offering an estimated 2,500 employees in the United States a bonus if they accept a buyout plan by April 20. Mar. 18--Hewlett-Packard Co. is offering an estimated 2,500 employees in the United States a bonus if they accept a buyout...
Aug. 22--Trigon Blue Cross Blue Shield hopes to launch a stock bonus plan for its top executives within months of its proposed conversion to forprofit status. Aug. 22--Trigon Blue Cross Blue Shield hopes to launch a stock bonus plan for its top executives within months of...
Siemens Power Generation (Erlangen, Germany) announced late last year that it had acquired wind turbine manufacturer Bonus Energy A/S (Brande, Denmark). With a market share of about 9%, Bonus was one of the top five manufacturers of wind turbines in 2004.
Refer a Buddy, Double the BonusThe Army has doubled the bonus to $2,000 in its Referral Bonus Pilot Program. Reserve Component and Army retirees as well as Active Duty Soldiers are eligible to refer a prospective Soldier who has not already met with a recruiter. The small print: the candidate...
Scott Ford, president and CEO of Alltel Corp. of Little Rock, received a $1.88 million bonus for 2005, according to telecommunication firm's annual proxy statement filed with the Securities & Exchange Commission. The document shows Ford's bonus is down from the $2.21 million he received last year. Ford's...
Byline: George Hobica and Kim Liang Tan Daily Herald Correspondents If you made a reservation through www.aa.com after Dec. 15, you might have noticed that your online booking bonus is half the usual amount. That's because American Airlines has lowered the number...
Using bonuses is a great way to add more value to a program or package, enabling a person to raise price point. And the person does not have to spend any money creating bonus products if the person does not want to. This paper provides 7 ideas to get a...
