A grant is a gift to an individual or legal entity that does not need to be returned.
Research money, education loans and stock options are some examples of grants.
Companies sometimes offer stock options as a way to reward productivity.
Qualifying share option grants are eligible for preferential tax treatment but generally cannot be transferred to others except in a will or trust.
Non-qualifying share option grants can often be given to children or charities and are taxed at the time of purchase, depending on the specific grant price and the market value of the shares granted.
The chief technology officer (CTO) is the chief executive who is responsible for managing the research and development (R&D) of an organization as well as its technology needs.
A living wage is a socially acceptable level of income that provides adequate coverage for basic needs such as food, housing, children’s services and health care.
A retention bonus is a targeted lump sum payment or reward, in addition to an employee’s normal salary, that is offered as an incentive to keep a key employee at work.
Unemployment benefits are benefits paid to people who have recently lost their jobs through no fault of their own, such as being fired or closing a business.
Wellness programs are provided by companies, governments and insurance companies to encourage people to live healthier lives.
“These programs increase productivity, reduce sick days, reduce insurance costs, reduce employee turnover, and reduce workers’ compensation claims.