SALARY Definition

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SALARY is scheduled wages and benefits an employee receives from an employer.

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SAS see STATEMENTS OF AUDITING STANDARDS.

RESTRICTED STOCK is stock which is acquired through an employee stock option plan or other private means and which may not be transferred. Restricted stock may be forfeited if any SEC regulations related to it are violated or the employee either does not exercise his/her option or terminates employment prior to fully vesting.

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