Most Variable-Pay Plans Have Some Form of Profit "Trigger" Linked

question 79

True/False

Most variable-pay plans have some form of profit "trigger" linked to revenue growth or profit margins.

---

Definitions:

Express Terms

Clearly stated conditions and stipulations in a contract, either orally or in writing, that outline the specific obligations of the parties involved.

Course of Performance

A sequence of conduct between parties to a contract that is relevant to determining their rights and duties under that agreement.

Usage of Trade

Established practices or methods commonly accepted and widely adopted in a particular industry or commerce.

Parol Evidence Rule

A legal principle that prevents parties from using oral or extrinsic evidence to contradict a written agreement.