Tag: compensation
Wage Expense
What is 'Wage Expense'
In financial accounting, wage expense represents payments made to non-manufacturing employees, regardless of whether they are hourly or salaried. Depending on...
War Damage Insurance Corporation
What is 'War Damage Insurance Corporation' A government financial protection arm created during World War II to provide coverage for war risks...
Waiver Of Subrogation
What is a 'Waiver Of Subrogation' A waiver of subrogation is a contractual provision where one party agrees to limit the rights...
Target-Benefit Plan
DefinitionA target benefit plan is a type of pension plan that is similar to a defined contribution plan in that it involves fixed contributions,...
Tax Clawback Agreement
What is a Tax Clawback Agreement
A Tax Clawback Agreement is an agreement between a taxpayer and the IRS in which the taxpayer agrees to...
Daniel P. Amos
DefinitionDaniel Paul "Dan" Amos is an American business executive. He serves as the chairman and chief executive officer of Aflac and Aflac Incorporated. Daniel...
Unconditional Vesting
What is 'Unconditional Vesting' Pension benefits that are entitled to the employee without any restrictions. The employee is fully entitled to the...
Larry Montgomery
Larry Montgomery What is 'Larry Montgomery ' A former CEO and chairman of Kohl's department stores. Montgomery joined Kohl's in 1988...
Year-End Bonus
What is 'Year-End Bonus' A reward paid to an employee at the end of the year. Many year-end bonuses are tied to...
TARP Bonuses
What are TARP bonuses and how do they work
TARP bonuses are payments made to executives of companies that have received financial assistance from the...