Which of the following is NOT a type of Buy-Sell Plan?

A Buy-Sell Plan is a legal agreement among business owners that outlines what happens to a business in the event of an owner's death, disability, or retirement. The primary types of Buy-Sell Plans include Cross Purchase, Entity Purchase, and Stock Purchase.

The Cross Purchase Plan involves individual owners agreeing to buy each other’s shares if one of them leaves the business for any reason. The Entity Purchase Plan, on the other hand, sees the business itself purchasing the shares from the departing owner, ensuring that the business remains intact. The Stock Purchase Plan is similar, as it focuses on the acquisition of stock but typically in relation to corporations.

In contrast, a Salary Continuation Purchase is not categorized as a Buy-Sell Plan. Instead, it refers to an arrangement where a business provides a salary to a key employee after retirement or disability for a certain period. While it is related to business planning and employee retention, it does not serve the primary purpose of ensuring the continuity and ownership transfer within a business, which defines the essence of Buy-Sell Plans. Thus, that's why it is correct to identify Salary Continuation Purchase as the option that does not fall under Buy-Sell Plans.