Sean M Brady

US Patent:

7881998, Feb 1, 2011

Filed:

Dec 5, 2005

Appl. No.:

11/294034

Inventors:

Brian Finn - Brookville NY, US
Sean Brady - New York NY, US
Susan Mink - Summit NJ, US

Assignee:

Credit Suisse Securities (USA) LLC - New York NY

International Classification:

G06Q 40/00

US Classification:

705 35, 705 36, 705 37, 705 38, 705 39

Abstract:

The invention relates to a novel incentive and compensation plan for motivating and rewarding employees, and a computer system for implementing said plan. It is an object of the present invention to provide a stock-based incentive and compensation plan that rewards employees based on the performance of the company. The present invention provides methods and systems for providing an employee incentive and compensation plan, which include deferring a portion of an employee's compensation for a period of time. The financial performance of the employee's company is evaluated over the selected period of time, and the employee's total deferred compensation is converted into a number of units based on the amount deferred, the average share price of the company stock, and the financial performance of the company. The employee's units are valued based on the average share price of the company stock, and the total compensation is paid to participating employees as an incentive and compensation plan.