Define: incentive-based compensation

What does "incentive-based compensation" mean? The meaning differs based on the contract. We found 2 definitions across 3 companies in SEC filings.

Definition 1 (VISA INC., seen in 2 filings)

incentive-based compensation means any compensation that is granted, earned, or vested based wholly or in part upon the attainment of a Financial Reporting Measure.

Source: VISA INC. 10-K

Definition 2 (DTE ENERGY CO, seen in 1 filing)

incentive-based compensation means any compensation that is granted, earned, or vested based wholly or in part upon the attainment of any financial reporting measure.

Source: DTE ENERGY CO 10-K

Data extracted from 3 SEC EDGAR filings across 3 companies. Source: Material contracts (Exhibit 10) filed under Regulation S-K.

This page presents definitions found in actual SEC filings for informational purposes. The specific definition appropriate for your contract may vary based on jurisdiction, industry, and specific circumstances. Consult with a qualified attorney for legal advice.

Occurrences: 3
Companies: 3
Keywords:
incentive-based compensationdefinitioncontract languagelegal termSEC filing

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