3. Match each statement with a word or phrase from the list below. Write the letter of your chosen answer next to the statement. (There is one extra word/phrase that you don't have to use).

1. American term for all the benefits that an employee receives.

2. Payment for those who have stopped working – especially due to age.

3. Benefit that lets employees buy company shares at a low price.

4. This describes bonuses given for reaching objectives set by the company.

5. Money paid to an employee who is asked to leave an organization.

6. Formal word for all the pay that an employee receives.

7. Director of a company who is paid a huge salary . but doesn't deserve it.

A. severance payment B. stock options C. compensation package D. remuneration E. performance-related F. fat cat

G. boardroom row H. pension

4. Xavier and Yvonne are talking about Xavier's new job as a photocopier salesman. Complete the conversation, using words from the text.

1

X: I get paid every month.

Y: I see. You get a salary, not wages.

2

X: I usually have to work late: I don't get paid for it, but I get a percentage for every photocopier I sell.

Y: So you don't get.................., but you do get............. . That's good.

3

X: The people in production get a ........................... if they reach their targets.

Y: Oh right. They get an extra payment for producing a certain amount.

4

X: The company pays for medical treatment too, and the company restaurant is fantastic.

Y: Wow! The ........................... ........................... sound very nice.

5

X: And they've given me a ........................... ........................... to go and visit clients.

Y: So you don't have to buy a car, then.

6

X: What's more, the company pays in money for us to get when we don't work any more

Y: Yes, it's important to get a good ........................... .

7

X: The total........................... ........................... is brilliant.

Y: Yes, all that extra stuff is really worth having.

5. Which expressions from the text could be used to continue each of these newspaper extracts?

Failed Airline Boss Gets Massive Payout

Shareholders are angry that despite very poor results, Blighty Airlines' CEO, Mr Rob | Herring, is leaving with £3 million in his | pocket. They say it is ridiculous to 'reward' | bad performance with this sort of. (2 possible expressions)

Megafone Ceo Gets ‘£10 Million Thank You’ after Takeover

The directors of Megafone, the world's largest mobile phone company, yesterday voted to give Mr Chris Ladyman, its chief executive, a special payment of £10 million for negotiating the com­pany's takeover of Minnemann. The directors referred to this as a … (1 possible expression).

Multilever's Executive Pay

It was today revealed that Mr Carl Lang, head of consumer foods giant Multilever, earns a basic salary of $22 million with stock options potentially worth an additional $10 million. Other payments bring to $35 million his total ... (2 possible expressions)

Angry Shareholders Attack Executive Pay

National Energy's shareholders yesterday attacked the directors of the company for paying themselves too much. Profits fell by 30 per cent last year, but directors are paid 30 per cent more. 'They should be paid ' 30 per cent less,' said one shareholder. 'These people are just..."

(1 possible expression)