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Employee Stock Bonus Plan
is a company program allowing employees to acquire ownership in the form of stock as part of their benefits.
Phantom Shares
A compensation mechanism where employees receive benefits linked to stock ownership without actually owning company shares, often tied to performance milestones.
Expectancy Theory
A psychological theory that suggests an individual's motivation is influenced by their expectation of achieving desirable outcomes as a result of their efforts.
Instrumentality
in the context of motivation, refers to the perceived likelihood that performance will be followed by a particular outcome.
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