Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2011-02-01
2011-02-01
Dixon, Thomas (Department: 3684)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
C705S03600T, C705S037000, C705S038000, C705S039000
Reexamination Certificate
active
07881998
ABSTRACT:
The invention relates to a novel incentive and compensation plan for motivating and rewarding employees, and a computer system for implementing said plan. It is an object of the present invention to provide a stock-based incentive and compensation plan that rewards employees based on the performance of the company. The present invention provides methods and systems for providing an employee incentive and compensation plan, which include deferring a portion of an employee's compensation for a period of time. The financial performance of the employee's company is evaluated over the selected period of time, and the employee's total deferred compensation is converted into a number of units based on the amount deferred, the average share price of the company stock, and the financial performance of the company. The employee's units are valued based on the average share price of the company stock, and the total compensation is paid to participating employees as an incentive and compensation plan.
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Brady Sean
Finn Brian
Mink Susan
Chadbourne & Parke LLP
Credit Suisse Securities (USA) LLC
Dixon Thomas
Fields Benjamin S
Hanchuk Walter G.
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