These plans are set up so that a payout is contingent on the achievement of three- to five-year performance goals.
A) Pension plans
B) Long-term incentives
C) Deferred profit-sharing plans
D) Goal-sharing plans

Question

Quizplus · Accepted Answer

Long-term incentives are typically designed to reward employees for achieving specific performance goals over a period of three to five years. These goals can include financial targets like revenue growth or earnings per share, as well as non-financial goals like customer satisfaction or market share. Payouts are typically made in the form of company shares or cash bonuses, and are often structured to encourage employees to remain with the company for the duration of the program.

These Plans Are Set Up So That a Payout Is