Page 723 - Bruce Ellig - The Complete Guide to Executive Compensation (2007)

708 The Complete Guide to Executive Compensation

plan Document covering eligibility as well as terms and conditions of operation.
plan administrator Individual who ensures that the plan provisions are followed.
plan assets Securities and other assets contributed by employer and/or employee to be used to pay
benefits under the plan.
plan liabilities Estimated payments in relation to funding methods used by the plan.
plan participant Individual eligible for plan payments.
platinum parachute A change of control contract that is more liberal than a golden parachute.
plurality voting Election based only on positive votes. See majority voting.
point factor method of job evaluation Comparison of each job with a number of factors or job
requirements, assigning points for the statement most accurately describing the job. The total points
arrays the job versus other jobs.
point-of-service plan (POS) Permits patient to decide whether to stay in the network or go outside
at the time service is needed.
poison pill A takeover defense that increases the acquisition cost through the grant of preferred stock
and/or warrants to buy additional shares at favorable prices.
policy holder Policy owner to whom the contract was issued.
Ponzi scheme When an individual pays interest on early investments out of the money from later
investments, pocketing the difference.
pool experience rated medical plans Group of employees placed in a pool with employees of other
companies.
pooling of internal accounting The combination of income statement and balance sheet of two
merging companies permitted until mid–2001.
portability Retaining rights to a benefit upon separation of service.
portfolio The various types of securities held by an investor.
position A job with only one incumbent.
position description A job description of one person.
positive correlation Direct relationship of two values.
positively skewed A distribution on the X axis with the mean greater than the median, which in turn
is greater than the mode.
postcareer crisis Belief after retirement that no future opportunities exist.
potential dilution See overhang.
power of attorney Transfer of right to sell and/or take on obligations on behalf of another.
power of attorney (health care) See health-care power of attorney.
PPO See preferred provider organization.
PPSO See premium-priced stock option.
precedent Previous decision used as a basis for resolving a current issue.
preemployment physical Medical exam before person is hired.
preexisting condition Existence of a mental and/or physical condition prior to new policy coverage.
preferred provider organization (PPO) A variation of the HMO permitting patients to opt out of
the system at a greater cost.
preferred shares See preferred stock.
preferred stock Shares without voting rights (but usually with a prescribed dividend) that supersede
common stock owner claims in a time of liquidation.