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Signing Bonus
A signing bonus or sign-on bonus is a sum of money paid to a new employee (including a professional sports person) by a company as an incentive to join that company. They are often given as a way of making a compensation package more attractive to the employee (e.g., if the annual salary is lower than they desire). It also lowers the risk to the company as it is a one-time payment; for example, if the employee does not meet expectations, the company has not committed to a higher salary. Signing bonuses are often used in professional sports, and to recruit graduates into their first jobs. To encourage employees to stay at the organization, there are often clauses in the contract whereby if the employee quits before a specified period, they must return the signing bonus. In sports contracts, the full amount of signing bonuses is not always paid immediately, but spread out over time. In such cases, the main difference between a signing bonus and base salary is that the former is "g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Employee
Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in return for carrying out assigned work. Employees work in return for wages, which can be paid on the basis of an hourly rate, by piecework or an annual salary, depending on the type of work an employee does, the prevailing conditions of the sector and the bargaining power between the parties. Employees in some sectors may receive gratuities, bonus payments or stock options. In some types of employment, employees may receive benefits in addition to payment. Benefits may include health insurance, housing, disability insurance. Employment is typically governed by employment laws, organisation or legal contracts. Employees and employers An employee contributes labour and expertise to an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Remuneration
Remuneration is the pay or other financial compensation provided in exchange for an employee's ''services performed'' (not to be confused with giving (away), or donating, or the act of providing to). A number of complementary benefits in addition to pay are increasingly popular remuneration mechanisms. Remuneration is one component of reward management. In the UK it can also refer to the automatic division of profits attributable to members in a Limited Liability Partnership (LLP). Types Remuneration can include: * Commission *Employee benefits * Employee stock ownership * Executive compensation **Deferred compensation * Salary **Performance-linked incentives *Wage * Mandatory compensation payable by an employer to an employee for the benefit obtained from a patent for an invention made by an employee United States For wage withholding purposes under U.S. income tax Income taxes in the United States are imposed by the federal government, and most states. The income taxes a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Professional Sports
In professional sports, as opposed to amateur sports, participants receive payment for their performance. Professionalism in sport has come to the fore through a combination of developments. Mass media and increased leisure have brought larger audiences, so that sports organizations or teams can command large incomes. As a result, more sportspeople can afford to make sport their primary career, devoting the training time necessary to increase skills, physical condition, and experience to modern levels of achievement. This proficiency has also helped boost the popularity of sports.Andy Miah Sport & the Extreme Spectacle: Technological Dependence and Human Limits' (PDF) Unpublished manuscript, 1998 In most sports played professionally there are many more amateur than professional players, though amateurs and professionals do not usually compete. History Baseball Baseball originated before the American Civil War (1861–1865). First played on sandlots in particular, scor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Graduation
Graduation is the awarding of a diploma to a student by an educational institution. It may also refer to the ceremony that is associated with it. The date of the graduation ceremony is often called graduation day. The graduation ceremony is also sometimes called: commencement, congregation, convocation or invocation. History Ceremonies for graduating students date from the first universities in Europe in the twelfth century. At that time Latin was the language of scholars. A ''universitas'' was a guild of masters (such as MAs) with licence to teach. "Degree" and "graduate" come from ''gradus'', meaning "step". The first step was admission to a bachelor's degree. The second step was the masters step, giving the graduate admission to the ''universitas'' and license to teach. Typical dress for graduation is gown and hood, or hats adapted from the daily dress of university staff in the Middle Ages, which was in turn based on the attire worn by medieval clergy. The tradition of w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aaron Rodgers
Aaron Charles Rodgers (born December 2, 1983) is an American football quarterback for the Green Bay Packers of the National Football League (NFL). Rodgers began his college football career at Butte College in 2002 before transferring to the University of California, Berkeley to play for the California Golden Bears, where he set several career passing records, including lowest single-season and career interception rates. He was selected in the first round of the 2005 NFL Draft by the Packers. After backing up Brett Favre for the first three years of his NFL career, Rodgers became the Packers' starting quarterback in 2008. In the 2010 season he led them to a victory in Super Bowl XLV over the Pittsburgh Steelers, earning the Super Bowl MVP. He was named Associated Press Athlete of the Year in 2011, and was voted league MVP by the Associated Press for the 2011, 2014, 2020 and 2021 NFL seasons. Rodgers is the fifth player to win NFL MVP in consecutive seasons, joining Peyt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Football League
The National Football League (NFL) is a professional American football league that consists of 32 teams, divided equally between the American Football Conference (AFC) and the National Football Conference (NFC). The NFL is one of the major professional sports leagues in the United States and Canada and the highest professional level of American football in the world. Each NFL season begins with a three-week preseason in August, followed by the 18-week regular season which runs from early September to early January, with each team playing 17 games and having one bye week In sport, a bye is the preferential status of a player or team that is automatically advanced to the next round of a tournament, without having to play an opponent in an early round. In knockout (elimination) tournaments they can be granted eit .... Following the conclusion of the regular season, seven teams from each conference (four division winners and three wild card teams) advance to the p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spencer Torkelson
Spencer Enochs Torkelson (born August 26, 1999) is an American baseball first baseman and third baseman for the Detroit Tigers of Major League Baseball (MLB). Torkelson was selected first overall by the Tigers in the 2020 Major League Baseball draft. Amateur career Torkelson attended Casa Grande High School in Petaluma, California, where he played baseball, football and basketball. During his high school baseball career, he batted .430 with 11 home runs and 99 runs batted in (RBIs). He committed to Arizona State University (ASU) to play college baseball for the Arizona State Sun Devils. As a freshman at Arizona State, Torkelson batted .320/.440/.743 with 25 home runs and 53 RBIs over 55 games. The 25 home runs led the nation, set a Pac-12 Conference record for home runs by a freshman, and also broke Barry Bonds' school record for home runs by a freshman. He was named the ''Collegiate Baseball Newspaper'' Freshman of the Year, National Collegiate Baseball Writers Association Na ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Major League Baseball
Major League Baseball (MLB) is a professional baseball organization and the oldest major professional sports league in the world. MLB is composed of 30 total teams, divided equally between the National League (NL) and the American League (AL), with 29 in the United States and 1 in Canada. The NL and AL were formed in 1876 and 1901, respectively. Beginning in 1903, the two leagues signed the National Agreement and cooperated but remained legally separate entities until 2000, when they merged into a single organization led by the Commissioner of Baseball. MLB is headquartered in Midtown Manhattan. It is also included as one of the major professional sports leagues in the United States and Canada. Baseball's first all-professional team, the Cincinnati Red Stockings, was founded in 1869. Before that, some teams had secretly paid certain players. The first few decades of professional baseball were characterized by rivalries between leagues and by players who often jumped from one t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Advance Payment
An advance payment, or simply an advance, is the part of a contractually due sum that is paid or received in advance for goods or services, while the balance included in the invoice will only follow the delivery. Advance payments are recorded as a prepaid expense in ''accrual accounting'' for the entity issuing the advance. Advanced payments are recorded as assets on the balance sheet. As these assets are used they are expended and recorded on the income statement for the period in which they are incurred. Insurance is a common prepaid asset, which will only be a prepaid asset because it is a proactive measure to protect business from unforeseen events. See also *Advance against royalties *Chicago Options Associates *Pay or play contract *Prepaid expense A deferral, in ''accrual accounting'', is any account where the income or expense is not recognised until a future date (accounting period), e.g. annuities, charges, taxes, income, etc. The deferred item may be carried, depen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Play Or Pay Contract
In filmmaking Filmmaking (film production) is the process by which a motion picture is produced. Filmmaking involves a number of complex and discrete stages, starting with an initial story, idea, or commission. It then continues through screenwriting, cast ..., a guarantee, or informally a "pay-or-play" contract, is a term in a contract of an actor, director, or other participant that guarantees pay if the participant is released from the contract with various exceptions. Studios are reluctant to agree to guarantees but accept them as part of the deal for signing major talent. They also have the advantage of enabling a studio to remove a participant under such a contract, with few legal complications. As Appleton writes, "''Memoirs of a Geisha'' is an example of a film on which the provision came into play... several actors were hired by the studio under pay-or-play deals. When the contracted start date came and went, those actors began receiving their full salary as if they ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Golden Hello
In accounting and contractual law, "golden hello" is a term used for several different arrangements: # A payment made to induce an employee to take up employment from a specific employer in form of a welcome package or a payment from a rival employer to entice the employee to leave the other company. # A payment from a government to employer (private company) during an economic recession who takes on new staff, usually superfluously, when job openings in general are scarce. # In the United Kingdom, a financial incentive for graduates in science, technology, engineering, and mathematics (STEM) who are pursuing a career in teaching. Risks and advantages If the employee is worth the money A hiring company may spend millions of dollars for a golden hello package, hoping the poached executive generates more benefits for them than the cost of bonuses. Following the financial crisis of 2008–2009, such compensation methods have become controversial. If the payment rate is right ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roster Bonus
A roster bonus is a feature that may be included in a professional sports player contract. A roster bonus is conditional, unlike a signing bonus. The latter is received upon the initial signing of the contract and is generally the player's regardless of future events. The roster bonus, however, is paid only if a player is still on the active roster of the team at a specific future date. This feature is mostly used in North America in National Football League contracts. Most NFL roster bonuses have trigger dates of either March 1 or June 1 of a specific future year. If the player is on the team's roster as of that date, the entire amount of the bonus must be paid, even if he is released the next day. The roster bonus has a very specific effect on a team's "salary cap," the amount of its payroll that counts toward the money permitted by league agreement. Unlike a signing bonus A signing bonus or sign-on bonus is a sum of money paid to a new employee (including a professiona ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
