a type of nonqualified deferred compensation in which the benefits are paid by the employer in addition to the employee's other compensation; the employee does not take a salary reduction or forego a salary increase to provide the deferred benefits
a formal plan established by an employer to pay disability benefits to disabled employees
An arrangement whereby an income, usually related to an employee's salary, is continued upon his or her death; often paid to the employee's beneficiary.
A program, also called a Section 105 plan, under which the employer makes deductible wage payments, in part or in full, to an individual who is unable to work due to illness or injury.
An arrangement whereby an income, usually related to an employee's salary, is continued upon employee's retirement, death or disability.
A salary continuation plan in a type of deferred compensation plan that does not require that the executive defer any compensation at all. Instead, the employer agrees to fund the benefit entirely. This plan is often known as a SERP-Selective Executive Retirement Plan.
An arrangement, often set up as a nonqualified plan, to defer part of an employee's compensation for personal services until sometime in the future. Because the plan is non-qualified, the employer is free to discriminate in favor of key employees.
A short-term disability income insurance plan that provides 100 percent of an insured's salary, beginning on the first day of the insured's absence from work due to sickness or injury and continuing for some specified time.
A disability or sick-leave plan which provides for employees to continue to receive up to 100 percent of their salary for a limited number of days if they become ill or disabled. The number of days per year granted to an employee generally increases as the employee's length of service increases. Most such plans are self-insured. Also known as a sick-leave plan.