An employee performance appraisal is a processâoften combining both written and oral elementsâwhereby management evaluates and provides feedback on employee job performance, including steps to improve or redirect activities as needed. Documenting performance provides a basis for pay increases and promotions.
What is a 'Concession'. A concession is a selling group's compensation in a stock or bond underwriting agreement. The amount of compensation is based on the underwriting spread, or the difference between what the public pays for the securities and what the issuing company receives from the sale. Included in the underwriting spread is the management fee, selling concession and underwriter's compensation.
For example, a popular concession in a sports stadium may not offer much to the concessionaire in terms of incentives. On the other hand, a government that is looking to attract mining companies in an impoverished area may offer significant inducements, such as tax breaks and a lower royalty rate.REAKING DOWN 'Concession Agreement'. Concession agreements span the gamut, from mining concessions valued in the hundreds of millions, to a small food and beverage concession in a movie hall.