Examlex
The policy choice of management means ensuring that the right people get the right pay for achieving the right objectives in the right way.
Perquisites
Special nonmonetary benefits given to executives; often referred to as perks
Country Club Membership
Affiliation with a private club offering recreational sports and social activities, often including access to golf courses and dining facilities.
Former CEO
An individual who previously held the chief executive officer position in a company, responsible for strategic decision-making and overall management.
Lump-sum Merit Pay
A one-time payment awarded to an employee for exceptional performance, rather than an ongoing salary increase.
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