Practise the standard verbs for managing a deferred compensation plan properly.
0 / 5 completed
1 / 5
Fill in: 'We ___ a deferred compensation plan for senior executives, rather than relying solely on a standard retirement account nobody actually tailored.'
We 'establish a plan' — the standard, simple collocation for creating a deferred compensation arrangement. The other options are less idiomatic here.
2 / 5
Fill in: 'Letting payout triggers stay vague in plan documents can ___ an executive stuck in years of costly, unnecessary litigation.'
We say a vague trigger will 'leave' someone stuck in litigation — the standard, natural collocation for the resulting dispute. The other options aren't idiomatic here.
3 / 5
Fill in: 'We ___ the vesting schedule and payout trigger precisely, rather than a loose description open to sharply differing interpretations.'
We 'specify a schedule' — the standard, simple collocation for stating precise plan terms. The other options are less idiomatic here.
4 / 5
Fill in: 'We ___ every deferral election against IRS Section 409A rules, rather than assuming the paperwork alone covers compliance.'
We 'check an election' — the standard, simple collocation for confirming compliance with tax rules. The other options are less idiomatic here.
5 / 5
Fill in: 'We ___ each participant's deferred balance annually, rather than letting years pass without anyone confirming the figures.'
We 'review a balance' — the standard, simple collocation for periodically checking deferred compensation figures. The other options aren't idiomatic here.