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When Objective Performance Measures Are Unavailable but the Company Still

question 60

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When objective performance measures are unavailable but the company still wants to base pay on performance, it uses a(n)


Definitions:

Life Estate

A property interest that lasts for the lifetime of an individual, after which the property passes to another designated party.

Conditional Estate

A property interest that is dependent on the occurrence or non-occurrence of a specified condition.

Easement

A right granted to a party to use the property of another for a specific purpose, like a right-of-way.

Recording

Filing a deed, with any other related documents such as mortgages, with the appropriate county office, thereby giving official notice of the transfer to all interested parties.

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