Forum Home | Log in | Signup | My Page | Rules | FAQ | Boards | Members | Search
« ALEA Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: tkc

By: Cactus Flower in ALEA | Recommend this post (0)
Sat, 31 Mar 12 8:24 PM | 55 view(s)
Boardmark this board | The Trust Matrix 		Msg. 07157 of 54959
(This msg. is a reply to 07154 by tkc)
Jump:
Jump to board:
Jump to msg. #

"The fixed portion of the bonus is guaranteed and calculated to be equal to 50% of each year's annual salary." - this portion should surely be accrued.

"The incentive bonus payable for a given fiscal year for Mr. Sprague is typically determined by the Compensation Committee of the Board of Directors within 60 days after the close of that fiscal year." - this portion probably will not be accrued.

Perhaps it is an "a bit of both" thing.


- - - - -
View Replies (1) »



» You can also:
- - - - -
The above is a reply to the following message:
Re: tkc
By: tkc in ALEA
Sat, 31 Mar 12 7:32 PM 		Msg. 07154 of 54959

CF, re: accruing for bonus. For years, when the co. was much smaller, few employees, one could clearly see the the jump in payroll expense in Q1 w/o the Quarterly requisite increase in accrued payroll expense (when that was separated out). Also the incentive portion really shouldn't be accrued as there shouldn't be any anticipated that the BoD will award them or how much (of course that logic isn't applicable to Wave's BoD - but appearances..).

« ALEA Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next