Hawaii Long Term Incentive Program for Senior Management

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-20-162L
• Format: Word; Rich Text

Description

20-162L 20-162L . . . Long Term Incentive Program For Senior Management under which Compensation Committee may award (a) stock appreciation rights and (b) performance share units. Performance share units entitle holder to receive cash payment equal to (i) average market price of one share of corporation common stock during December ("Measuring Month") in third calendar year following year in which award is made, plus (ii) aggregate dividends with respect to one share of corporation common stock from January 1 of year in which award is made until last day of Measuring Month. At maturity, number of units initially awarded shall be (i) multiplied by fraction that corresponds to average annual percentage increase or decrease in book value per share of corporation common stock over four year period prior to maturity, and (ii) then further adjusted based on ratio of market value of corporation common stock to its book value as compared to that of comparable electric utility companies Keyword: Hawaii Long Term Incentive Program for Senior Management Description: The Hawaii Long Term Incentive Program for Senior Management is a strategic initiative aimed at attracting and retaining top talent in key leadership positions within organizations operating in Hawaii. Designed specifically for senior management, this program offers a range of incentives to motivate and reward high-performing executives for their long-term commitment to the company's success. One type of Hawaii Long Term Incentive Program for Senior Management is the Executive Stock Option Plan (ESOP). Under this plan, eligible senior managers are granted the option to purchase company stock at a predetermined price within a specified period. This allows executives to benefit from future increases in the company's stock value, thus aligning their interests with those of shareholders. Another type of program is the Performance-Based Cash Bonus Plan. In this scheme, senior management is eligible to receive annual cash bonuses based on achieving predetermined performance targets. These targets often include financial metrics such as revenue growth, cost reductions, or profit margins, ensuring that executives' efforts directly impact the company's bottom line. Additionally, some Hawaii Long Term Incentive Programs for Senior Management may include Long-Term Restricted Stock Units (RSS). With RSS, eligible executives are granted shares of company stock to be received at a future date, usually subject to certain performance or time-based vesting conditions. This program aims to retain top talent by tying their compensation directly to the company's long-term performance and growth. Moreover, Hawaii Long Term Incentive Programs for Senior Management may offer Non-Qualified Deferred Compensation Plans (NDC). Under this plan, senior managers can choose to defer a portion of their annual salary or bonus to a future date, often until retirement. These deferred amounts can grow tax-deferred over time and provide executives with additional financial security in their later years. The Hawaii Long Term Incentive Program for Senior Management serves as a valuable tool for organizations seeking to attract and retain experienced leaders in their respective industries. By offering a comprehensive range of incentives, companies in Hawaii can ensure that their senior management team remains motivated, engaged, and committed to achieving long-term success.

Keyword: Hawaii Long Term Incentive Program for Senior Management Description: The Hawaii Long Term Incentive Program for Senior Management is a strategic initiative aimed at attracting and retaining top talent in key leadership positions within organizations operating in Hawaii. Designed specifically for senior management, this program offers a range of incentives to motivate and reward high-performing executives for their long-term commitment to the company's success. One type of Hawaii Long Term Incentive Program for Senior Management is the Executive Stock Option Plan (ESOP). Under this plan, eligible senior managers are granted the option to purchase company stock at a predetermined price within a specified period. This allows executives to benefit from future increases in the company's stock value, thus aligning their interests with those of shareholders. Another type of program is the Performance-Based Cash Bonus Plan. In this scheme, senior management is eligible to receive annual cash bonuses based on achieving predetermined performance targets. These targets often include financial metrics such as revenue growth, cost reductions, or profit margins, ensuring that executives' efforts directly impact the company's bottom line. Additionally, some Hawaii Long Term Incentive Programs for Senior Management may include Long-Term Restricted Stock Units (RSS). With RSS, eligible executives are granted shares of company stock to be received at a future date, usually subject to certain performance or time-based vesting conditions. This program aims to retain top talent by tying their compensation directly to the company's long-term performance and growth. Moreover, Hawaii Long Term Incentive Programs for Senior Management may offer Non-Qualified Deferred Compensation Plans (NDC). Under this plan, senior managers can choose to defer a portion of their annual salary or bonus to a future date, often until retirement. These deferred amounts can grow tax-deferred over time and provide executives with additional financial security in their later years. The Hawaii Long Term Incentive Program for Senior Management serves as a valuable tool for organizations seeking to attract and retain experienced leaders in their respective industries. By offering a comprehensive range of incentives, companies in Hawaii can ensure that their senior management team remains motivated, engaged, and committed to achieving long-term success.