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  "documentTitle": "Oil Gas EP Incentive Compensation",
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  "notes": "The chart highlights that 200% of target is the most prevalent maximum payout level.",
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      "text": "As shown in the chart below, most performance-vesting awards granted by E&P companies provide for a maximum payout equal to 200 percent of the target.",
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      "text": "Performance-vesting awards most often provide for a range of payouts based upon performance with respect to the underlying performance metrics. For example, if the threshold level of performance is achieved, 50 percent of the award will be earned; if the target level of performance is achieved, 100 percent of the award will be earned; and if the maximum level of performance is achieved, 200 percent of the award will be earned. As shown in the chart below, most performance-vesting awards granted by E&P companies provide for a maximum payout equal to 200 percent of the target.",
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      "text": "Although 200 percent of target payout is the most prevalent maximum payout percentage, each company should examine its own circumstances and determine what target would be most effective for the company's unique position. For example, an established company that does not expect a sharp growth curve may consider granting more awards with a lower maximum payout. This will allow the company to grant additional awards with lower compensation expense, while retaining value for the executives.",
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