_____ Is Incentive Pay That Ties at Least Part of Compensation

question 137

Short Answer

_____ is incentive pay that ties at least part of compensation to employee effort and performance.

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Definitions:

Condition Subsequent

A condition in a contract that, when it occurs, terminates an existing obligation, making the contract's terms no longer binding.

Al Gore

A former Vice President of the United States who has been notably active in raising awareness about global warming and environmental issues.

Substantial Performance Standard

A legal principle that if a party has largely fulfilled its obligations under a contract, with only minor breaches, it is entitled to payment, minus damages for the breaches.

Reasonable Person Standard

A legal standard used to determine how an average person would responsibly act in certain situations, applying an objective perspective.