Compensation Glossary

Package Paid Sabbatical Paid Time Off Paid-Up Policy Paired Comparison Par Value Parachute Paramedical Report Paraprofessional Parent and Subsidiaries Parent Subsidiary Group Parking Partial Disability Partial Disability Benefit Participants Participating Insurance Contract Participating Policy Participation Particular Weight Partnership Insurance Part-Time Employee Past Service Pay Adjustments Pay at Risk Pay Compression Pay Differentiation Pay Equity Pay for Performance Pay for Performance Plan Pay Grade Pay in Lieu of Notice (PILON) Pay Inequality Pay Plan Pay Policy Pay Policy Line Pay Position Strategy Pay Range Pay Range Overlap Pay Satisfaction Pay Steps Pay Survey Pay-as-you-go Payee Payout Frequency Payroll Deduction Plan Peer Comparison Peer Group Peer Review Organization Penalties Pension Pension Benefit Guaranty Corporation (PBGC) Pension Benefits Guarantee Fund Pension Benefits Standards Act Pension Equity Plan (PEP) Pension Fund Pension Index Pension Plan Pension Plans Pension Trust Fund Pension Versus Lump Sum Per Capita Beneficiary Designation Per Cause Deductible Per Cause Maximum Per Diem Per Stirpes Beneficiary Designation Percent Percent Difference Percentage Bar Percentage Method Of Withholding Percentage Participation Percentile Performance Appraisal Performance Based Restricted Stock Performance Based Vesting Performance Culture Performance Cycle Performance Dimensions Performance Log Performance Management Performance Measurement Performance Period Performance Sharing (Goal Sharing) Performance Targets Performance Unit Plan (PUP) Performance-Reward Connection Peril Period Certain Permanent Capital Permanent Transferee Permitted Disparity Perquisite Persistency Personal Interview Report Personal Producing General Agency (PPGA) Personal Producing General Agency (PPGA) System Personal Selling Distribution System Person-Based Pay Phantom Options Phantom Stock Phantom Stock (Full Value) Phantom Stock (Incremental Value) Philosophy Physical Examination Provision Physical Examinations - Employer Assisted Piece Rate Piece Work Plan Administrator Plan Advisor Plan Document Plan Participant Plan Sponsor Plan Termination Plan Year PMSA Point Factor Policy Policy Acquisition Costs Policy Anniversary Policy Charge Policy Filing Policy Loan Policy Proceeds Policy Provisions Policy Reserve Policy Summary Policyholder Policyowner Pooled Trust Pooling Population Portability Portfolio Portfolio Method Position Positive Correlation Post Employment Benefits Post Notice Post Retirement Benefits Power of Agency PPO Pre-Admission Review Pre-Authorization Pre-Authorized Payment System Predetermination of Benefits Provision Preference Beneficiary Clause Preferred Provider Organization (PPO) Preferred Shares Preferred Stock Pregnancy Disability Leave Pregnancy Discrimination Preliminary Inquiry Form Premature Distribution Premium Premium Conversion Premium Deposits Premium Pay Premium Receipt Premium Reduction Option Pre-Notice Pre-purchase Appraisal Pre-Retirement Counseling Preretirement Survivor Annuity Prescribed Annuity Contract Prescription Drug Formulary Prescription Drug Plan Present Value Present Value Factor Presumptive Disability Prevailing Wage Rate Price at Exercise Primary Beneficiary Primary Care Physician (PCP) Primary Duty Primary Provider of Benefits Primary Purpose Principal Business Activities Private Benefit Private Inurement PRN Probationary Period Proceeds Productivity Professional in Human Resources (PHR) Professional Reinsurer Profit Sharing Plan Profits Progressive Incentive Formula Progressivity of Incentives Projected Benefit Obligation (PBO) Projected Unit Credit (PUC) Promotional Increase Property Insurance Property Plant and Equipment (PP&E) Prospectus Prototype Plan Provider Fraud Provision for Taxes Proximate Cause of Death Proxy Reporting Proxy Statement Prudent Expert Rule Prudent Man Rule Purchasing Power Pure Endowment Pyramiding