The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Feb. 01, 2011
Filed:
Dec. 05, 2005
Brian Finn, Brookville, NY (US);
Sean Brady, New York, NY (US);
Susan Mink, Summit, NJ (US);
Credit Suisse Securities (USA) LLC, New York, NY (US);
Abstract
The invention relates to a novel incentive and compensation plan for motivating and rewarding employees, and a computer system for implementing said plan. It is an object of the present invention to provide a stock-based incentive and compensation plan that rewards employees based on the performance of the company. The present invention provides methods and systems for providing an employee incentive and compensation plan, which include deferring a portion of an employee's compensation for a period of time. The financial performance of the employee's company is evaluated over the selected period of time, and the employee's total deferred compensation is converted into a number of units based on the amount deferred, the average share price of the company stock, and the financial performance of the company. The employee's units are valued based on the average share price of the company stock, and the total compensation is paid to participating employees as an incentive and compensation plan.