Sorry for butting in here, but I have an honest question. What is the difference between a retro payment and a ratification bonus? I’m not being sarcastic. I really don’t know the difference.

Are there differing tax consequences—for the Company or the recipient? Does one pay out even if someone retires prior to the date of signing?

I’ve seen several posts where folks have some strong feelings ref. calling it one thing or another and I still haven’t seen an explanation of any difference other than semantics.