On today’s episode, we’re joined by Matt Seto and Adam Hearn, both Principals at Meridian Compensation Partners, LLC. Matt and Adam explore the complexities of annual incentive plans, particularly how companies should navigate unforeseen circumstances that may necessitate adjustments to executive goals. Key Takeaways: (02:30) Common financial metrics used in annual incentive plans.  (04:29 ) Differences between hardwired and discretionary adjustments in incentive plans.  (05:58) Why making adjustments should be guided by business principles, not rules.  (08:11) Guidelines for determining when adjustments are appropriate.  (09:54) The impact of management decisions on incentive plans and compensation.  (13:25) Importance of well-documented frameworks for executive committees.  (16:25) How communication between management and the board influences adjustments.  (19:42) The significance of external and internal perceptions when making adjustments. Resources Mentioned: Matt Seto - https://www.linkedin.com/in/mattseto/ Adam Hearn - https://www.linkedin.com/in/mattseto/ Meridian Compensation Partners, LLC - https://www.meridiancp.com/ This episode is brought to you by Meridian Compensation Partners, LLC. Learn more by visiting MeridianCP.com.   #Compensation #Wages #SPAC #Equity #ExecutiveCompensation #Clawback