A COMPILATION OF KEY COMPENSATION TERMS
In an effort to provide our readers with valuable resources, we have put together this dictionary of key compensation terms that will be helpful to anyone in the compensation field. Here you will find all the terms you need to know to have a good grasp on the language of compensation.
The Compensation Dictionary is also available as a PDF.
There are currently 2 names in this directory beginning with the letter T.
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TOP HAT PLAN
A type of employer-sponsored plan that is unfunded and provides deferred compensation to theeligible employee group - typically high-ranking executives and directors. These are not meant tobe tax-qualified so they don’t offer the same tax benefits of an opt-in employer-sponsored plan.
TOTAL CASH COMPENSATION TCC
The sum of all cash payments made to an individual for services during a year of employmentincluding base pay and variable pay such as commissions, bonuses and incentives.