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And the bonus portion, $20,000, is being paid more slowly -- in four installments over 12 months instead of the usual two over six months.
Because the roster bonus portion was due later this month — and free agency begins on Tuesday — the Giants opted to release Jacobs now.
The company said in the statement that the bonus portion of Mr. Landel's remuneration was awarded "principally as the group had strong financial performance during fiscal 2008 and beat its financial objectives".
Similar(53)
It gives her the chance to brush up on her Italian around the dinner table with her hosts, and sampling the local cuisine is a bonus – "huge portions of pasta, rice and gnocchi".
He will also forgo his bonus this year and a portion of his $2.8 million base salary.
Mr. Benmosche's total pay, about $10 million a year with bonus, includes a substantial portion in A.I.G. stock, which has gained 53percentt since his selection.
The firms would have to defer a portion of bonus pay for these employees as well, it said.
However, in a system in which the same P4P program is applied uniformly to a large group of providers, absolute targets may not be very efficient because a substantial portion of bonus payments may be awarded to providers already at or above the targets.
Goldman has long paid a portion of bonuses in stock.
The deferred portion of bonuses is much bigger than it was; this money can be "clawed back" if the bank subsequently does badly.
The Financial Services Authority has favored paying portions of bonus in bank stock, which theoretically would give individuals an incentive to make sure the bank's performance remained strong.
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