Net Pay
A federal act the requires federal contractors to pay their employees working on a federal
contract at minimum the same wage and benefits as they would receive working locally.
Non-Qualified Retirement Plan
A pension plan that does not follow IRSA and IRS guidelines, typically allowing a company to pay key
personnel more than other participants.
Non-Qualified Stock Option
A stock option without any favorable tax treatment under the Internal Revenue Code. The option is taxed when it
is exercised, based on the difference between the option price and the fair market value of the stock on that day.
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