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| What Are They? The increasing responsibilities and duties of executives in today’s corporate environment make it imperative to provide them with compensation and other executive benefits commensurate with their unique skills and abilities. It is particularly important to recognize with valuable contributions they make to the corporation’s reputation for stability and bottom-line profitability. Benefits such as bonuses, or pension plans tend to attract quality employees, but should they decide to leave, they take those benefits with them. Recognizing the ever-present need to not only attract, but retain highly qualified and capable executives, our objectives is to develop a unique compensation plan whereby selected executives can be provided supplemental retirement income, while at the same time, encourage them to stay with the company. Should death occur prematurely, before retirement, the plan might also assure income continuation to their families. This benefit is accomplishments using various vehicles such as life insurance or annuities. |