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VZ » Topics » Attract, Retain and Motivate High-Performing Executives

This excerpt taken from the VZ DEF 14A filed Mar 23, 2009.

Attract, Retain and Motivate High-Performing Executives

In order to attract, retain and motivate executives, the Company’s compensation program features:

 

 

·

Compensation opportunities that are competitive with Verizon’s peer companies. The Committee generally targets total compensation opportunities to fall within the 60th to 65th percentile of the Related Dow Peers. The Committee believes that this is an appropriate level of compensation because of the significant depth of each executive’s experience, Verizon’s emphasis on performance-based incentive pay and the elimination of certain fixed pay elements, including guaranteed defined benefit pension and supplemental pension benefits.

  · Three-year long-term performance cycles that encourage high-performing executives to remain with the company.

 

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