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California Corporations Code

§ 5054

CORP § 5054Div. 2 · Title 1 · Part 1
“Incentive and benefit plans,” as used in Section 5140, in Section 7140, and in Section 9140 includes, but is not limited to, any plan or agreement under which the compensation of officers or employees is fixed, in full or in part, by reference to the financial performance of the corporation.

Legislative history

Added by Stats. 1978, Ch. 567.

Source: California Corporations Code § 5054 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.