Asked by
Anastasia Thompson
on Nov 06, 2024
Verified
In the context of incentive plans, a stock option plan is typically offered to all the employees of a firm rather than just the executives.
Stock Option Plan
A compensation strategy that gives employees the option to buy company stock at a future date at a price established when the option is granted.
Incentive Plans
Designed compensation strategies that aim to motivate employees by tying a portion of their earnings to performance metrics.
- Absorb information about multiple types of performance-based incentive schemes and their application in organizational frameworks.
Verified Answer
AJ
Learning Objectives
- Absorb information about multiple types of performance-based incentive schemes and their application in organizational frameworks.