Title VII of the _____________ Act states that top executives in companies receiving government support can retract bonuses,retention awards,or incentives paid to the top five senior executive officers or the next 20 most highly compensated employees based on corporate information that is later found to be inaccurate.
A) Equal Pay
B) SOX
C) American Recovery and Reinvestment
D) Pay for Performance

Question

Quizplus · Accepted Answer

The provision described in the question is a part of the American Recovery and Reinvestment Act, also known as ARRA, which became law in 2009. The purpose of this provision was to prevent companies receiving government support from misusing the funds by awarding bonuses or incentives based on erroneous information. The other choices - Equal Pay, SOX, and Pay for Performance - do not contain such a provision.

Title VII of the _____________ Act States That Top Executives