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  "documentTitle": "Oil Gas EP Incentive Compensation",
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      "text": "On average, incentive compensation – including annual incentives and LTI – comprises 85 percent of a CEO’s and 82 percent of a CFO’s total compensation package.",
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      "text": "On average, incentive compensation – including annual incentives and LTI – comprises 85 percent of a CEO's and 82 percent of a CFO's total compensation package.\nCompared to last year, the average total compensation was up 18 percent for CEOs and 30 percent for CFOs.",
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      "text": "The prevalence of LTI awards varies by company size; time-vesting restricted stock / restricted stock units are the most common form of award granted (used by 86 percent of all companies).\n70 percent of companies grant LTI awards where vesting or payout is determined by one or more performance metrics. The most common performance period is three years, used by 85 percent of all companies.",
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      "text": "84 percent of companies in the top quartile utilize annual incentive plans where payout is at least partially determined in a formulaic manner. Only 50 percent of companies in the bottom two quartiles utilize formulaic performance metrics.\nProduction / production growth remains the most prevalent performance metric in annual incentive plans and is utilized by 81 percent of companies. Production as a metric has slightly decreased over the past three years.\nWith the ongoing depression in the energy sector, we have seen a notable increase in the use of cost control and safety metrics, while the use of growth metrics such as production and reserves has decreased.",
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      "text": "91% Companies using relative TSR as a performance metric.",
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      "text": "Total Compensation: 86%",
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