The employment contract for Duke Energy Corporation’s Chief Executive Officer was set to expire on April 3, 2009. In the renewed employment contract, the energy company CEO receives no salary and no cash bonus. Instead the executive receives stock grants from Duke Energy Corporation as compensation.

Duke Energy Corporation is following a trend in the new economy where small companies as well as major corporations are failing and falling into bankruptcy. By exchanging large cash bonuses for stock grants in an employment contract, a business finds a way to align employees interests with the company’s success and interests of its shareholders.

The employment contracts for many of the companies and corporations utilizing this practice of stock grants rather than cash bonuses can be found at the online legal document resource RealDealDocs.com website.

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