Executive compensation is a salary package specifically designed  for executive-level staff and senior management, which includes salary, bonuses, stock or equity options and other benefits. This type of package can be discussed between the employer and the executive, depending on the type of organization what offers there are to other employees. 

This type of compensation is important to have in each organization; this is because senior management and executive level staff play a crucial role within the organization. The executive compensation page includes: health insurance, short term and long term incentives, prerequisites (such as: discounts with certain stores, club memberships and many more).