Page 739 - Bruce Ellig - The Complete Guide to Executive Compensation (2007)

724 The Complete Guide to Executive Compensation

supplemental executive life insurance Benefits in excess of those provided by the employee
benefit plan.
supplemental executive medical insurance Benefits in excess of those provided by the employee
benefit plan.
supplemental executive retirement plan (SERP) Nonstatutory (i.e., nonqualified) pension plans
that begin where the qualified plan ends. Stated another way, these are benefits in addition to the qual-
ified, defined benefits and defined-contribution plan.
supplemental health care coverage See supplemental executive medical insurance.
surrender value Net proceeds from policy termination.
surrogate stock See phantom stock.
survey leveling Adjusting job value if noticeably heavier or lighter than jobs in the survey.
survey ratio Division of lowest survey-reported salary for a position into the highest (after the data
has been arrayed high to low), suggesting degree of comparability.
survival award Slang term for a stock award that becomes fully vested at end of term, if still on the
payroll.
surviving spouse benefit Payments to a deceased participant’s spouse.
survivor benefits Payments to dependents after death of executive based on needs of the survivors in
addition (or in lieu of) the basic life insurance.
survivor protection See survivor benefits.
swapping options See repricing options.
SWOT an acronym for Strengths, weaknesses, opportunities, end threats.

10K See Form 10K.
10Q See Form 10Q.
10–20 rule Same as 5–10 rule except for higher numbers.
1099-B Broker-prepared form indicating proceeds received from a sale of a security.
1099-MISC Company-prepared tax form reporting amount of nonwage income.
1099-RET Company-prepared form indicating the amount of money received from the qualified
pension plan.
1099-SSA Social security benefit statement, including taxable income.
takeover The acquisition of one company by another.
tandem grant An award of two different grants with the condition that payment from one propor-
tionately reduces the available payment from the other grant.
target The standard or expected level of performance.
target award Payment for meeting expected level of performance.
target-benefit pension plan Contribution rate is based on achieving desired amount considering life
expectancy and investment assumptions.
targeted gain A future-value approach that calculates the difference between present and future value
of the stock and divides it into the targeted gain to determine the number of options to grant.
target stock See letter stock.
TARSAP See time-accelerated restricted stock award plan and performance-accelerated restricted
stock award plan.
task A separate, definable portion of the job.