Meridian Webinar: COVID-19’s Impact on Incentive Plans

Topics for the Briefing

Market Practice Update

■ Reductions to executive salaries and director fees, and other compensation actions being taken (as well as actions not expected to be taken)
■ Proxy advisor views on COVID-19 related pay actions

2020 Annual Incentive Plans

■ Framework for annual incentive plan decision making
■ Potential adjustments to annual incentive plans
■ Applying principles for adjustments and exercising discretion in assessing 2020 annual incentive payouts

In-Flight Long-Term Incentive Plans

■ Addressing outstanding awards / modifying performance-based awards
■ Accounting and disclosure implications
■ Applying principles for adjustments and exercising discretion on long-term incentive payouts

COVID-19 Impact on 2021 Short- and Long-Term Incentive Plans

■ Design considerations and target setting for short-term incentives
■ Design considerations, vehicle mix, and target setting for long-term incentives