Examlex
A message is interpreted correctly when the receiver assigns to the words the same meaning as the sender intended and then responds in the desired way.
Financial Covenants
Provisions in a loan agreement that limit the borrower's actions in certain ways, ensuring the repayment of the loan.
Executive Compensation
Refers to the total package of benefits, including salary, bonuses, stock options, and other financial rewards, that is provided to executives of a company.
Base Salary
The fixed amount of money a worker receives from their employer before any extra compensations such as bonuses.
Long-term Incentive
Compensation awarded to employees in the form of stock, options, or other performance-linked rewards that vest over a period longer than one year to encourage long-term commitment.
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