Final answer:
A Stock Option is a typical executive remuneration plan that allows executives to purchase company stock at a predetermined price, aligning their interests with shareholders' by tying benefits to the company's performance.
Step-by-step explanation:
The typical executive remuneration plan that allows an executive to purchase company stock at a predetermined price is known as a Stock Option. A stock option grants the holder the right, but not the obligation, to purchase shares at a specific price, referred to as the exercise price, within a certain timeframe. This ties the executive's financial benefits to the company's performance, potentially aligning their interests with those of the shareholders. When the company performs well, and its stock price exceeds the exercise price, executives can exercise their options, buying stock at the lower predetermined price and then selling it at the current market value, thus realizing a profit.