Incentive plans are structured programs designed to motivate employees by offering rewards for achieving specific performance goals. These rewards can take various forms, such as bonuses, commissions, or stock options, and are often tied to individual, team, or company-wide performance metrics. The primary aim is to align employees' efforts with the organization's objectives, encouraging productivity and engagement. These plans can vary widely depending on the industry and company culture. For example, a sales team might have a commission-based incentive plan, while a tech company might offer stock options to attract and retain talent. Overall, effective incentive plans can enhance job satisfaction and drive business success.