This is what has become the default that our current system works to incentivize in real terms, but with a lot of marketing to discourage following this path. I work in India, but with a corporate American client atm, and have seen this in operation,(luckily it's a fairly small/medium company so not too much). Having worked in a few startups(with ESOPs) from India before this, I really, really wonder how a global/multi-national company can work with equity based incentives at this point, and if it will help a bit to improve the incentives.