System and method for administration of incentive award program through use of credit

  • US 5,025,372 A
  • Filed: 09/25/1989
  • Issued: 06/18/1991
  • Est. Priority Date: 09/17/1987
  • Status: Expired due to Term
First Claim
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1. In a system for an incentive award program for a company having individual program participants and having levels of performance set as goals to be achieved by participants for the company, improvements comprising:

  • (a) computer memory means for data storing of information identifying the participants;

    (b) credit instruments for the participants, and computer data processing means for assigning individual credit instrument account numbers and corresponding accounts to the individual participants;

    (c) computer memory means for storing levels of performance to be achieved by the participants under the incentive program in order for the individual participants to have money credited for available use to the individual participants'"'"' credit instrument account; and

    (d) computer data processing means for allocating monetary amounts to be credited for available use through the individual participant'"'"'s credit instruments based on the participant'"'"'s meeting of a designated level of performance under the incentive program.

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