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Perquisites
Special nonmonetary benefits given to executives; often referred to as perks
Country Club Membership
Affiliation with a private club offering recreational sports and social activities, often including access to golf courses and dining facilities.
Former CEO
An individual who previously held the chief executive officer position in a company, responsible for strategic decision-making and overall management.
Lump-sum Merit Pay
A one-time payment awarded to an employee for exceptional performance, rather than an ongoing salary increase.
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