Yep. So can corporations (at least in DE). Check out Delaware Gen. Corporate Law § 122: "Every corporation created under this chapter shall have power to: ...

Yep. So can corporations (at least in DE). Check out Delaware Gen. Corporate Law § 122: "Every corporation created under this chapter shall have power to: ... (15) Pay pensions and establish and carry out pension, _profit sharing_, stock option, stock purchase, stock bonus, retirement, benefit, incentive and compensation plans, trusts and provisions for any or all of its directors, officers and employees, and for any or all of the directors, officers and employees of its subsidiaries ... http://delcode.delaware.gov/title8/c001/sc02/index.shtml http://delcode.delaware.gov/title8/c001/sc02/index.shtml