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The XYZ Co

question 25

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The XYZ Co.took back performance-based compensation of $1.2 million from their CEO because of his decision of the buyout of another firm that eventually lowered the overall value of the XYZ Co.Which of the following compensation agreements allowed the board of directors to take back this $1.2 million?


Definitions:

Trademark

An emblem, expression, or sequence of words formally protected or naturally sanctioned through employment to identify a business or item.

Brand Name

The distinctive title that identifies a product, service, or company, and differentiates it from competitors.

Intellectual Property

Legal rights that result from intellectual activity in the industrial, scientific, literary, and artistic fields.

Utility Patents

Utility patents protect the creation of new or improved products, processes, or machines that are useful, offering exclusive rights to the inventor for a period.

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