This excerpt taken from the VZ DEF 14A filed Mar 23, 2009.
Elements of Compensation
In setting total compensation at competitive levels, the Committee determines the appropriate balance between:
The following table illustrates the elements of Verizons compensation program and the Committees weighting of each.
The named executive officers are eligible to receive medical, disability and savings plan benefits that are generally provided to all management employees. They are also eligible for certain executive life insurance, financial planning and corporate transportation benefits, which are provided in order to attract and retain high-performing executives and to minimize any risks to the executives safety and security.