Executive Compensation

The way a company pays top management plays an important role in motivating the critical performance needed to run the company effectively. Base salary is not the only component of the typical executive's compensation package. Short- and long-term incentives, comprised of cash, often including stock, provide a company with the means to focus the executive's attention on achievement of financial goals. Effective total compensation packages provide the retention tool necessary to keep key individuals on board, while providing those executives with compensation that has long-term growth potential with favorable tax benefits.
Executive compensation packages typically comprise the following components:

• Base Salary
  
• Annual Incentives
  
• Long-Term Capital Accumulation
  
• Deferred Compensation Arrangements
  
• Supplemental Benefits and Perquisites
  
• Special Severance and Retirement Arrangements
  
• Employment and Change of Control Agreements