Which plans are set up so that a payout is contingent on the achievement of three- to five-year performance goals?

A) pension plans
B) long-term incentives
C) deferred profit-sharing plans
D) goal-sharing plans

Long-term incentives are typically set up to reward executives for achieving specific performance goals over a longer period, ranging from three to five years. This incentivizes executives to focus on sustained long-term success rather than short-term gains. Pension plans and deferred profit-sharing plans do not typically have performance-based payouts, while goal-sharing plans are focused on distributing rewards based on achieving specific goals rather than long-term performance.