Franklin Ohio Officer Long Term Incentive Compensation Plan for Southern California Edison Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Franklin
• Control #: US-CC-18-266C
• Format: Word; Rich Text

Description

18-266C 18-266C . . . Officer Long Term Incentive Compensation Plan under which compensation committee can grant (i) stock appreciation equivalents (hypothetical stock "units" which are granted to participant and upon which value of any incentive award is calculated), (ii) dividend equivalents (which represent value of dividends per share paid by corporation, calculated upon stock or stock units held by participant and which, if objectives set by committee are met, are paid to participant), (iii) Non-qualified Stock Options, (iv) incentive stock options, (v) restricted stock, (vi) stock appreciation rights, and (vii) performance awards The Franklin Ohio Officer Long Term Incentive Compensation Plan is a comprehensive compensation program designed specifically for officers of Southern California Edison Co. residing in Franklin, Ohio. This plan aims to provide a competitive, fair, and rewarding long-term compensation structure to attract, retain, and motivate top talent within the organization. It aligns the interests of the officers with the long-term success of the company, fostering a performance-driven culture. Under the Franklin Ohio Officer Long Term Incentive Compensation Plan, eligible officers can benefit from various types of incentives, such as: 1. Stock Options: Officers may be granted stock options, which give them the right to purchase a certain number of shares of Southern California Edison Co.'s stock at a predetermined price (the exercise price) within a specified time frame. These stock options serve as a powerful tool to encourage officers to enhance the company's value and boost its stock performance. 2. Restricted Stock Units (RSS): RSS are another form of long-term incentive offered by the plan. RSS represents a right to receive company shares after specific performance or time-based vesting conditions have been met. Once vested, officers have the flexibility to sell, hold, or reinvest the received shares as per their preferences. 3. Performance Shares: The plan may also include performance shares, which are awarded based on predefined performance metrics such as financial targets, operational goals, or strategic objectives. Officers are granted a specific number of shares that become payable upon the achievement of these said metrics, promoting both individual and company-level growth. 4. Cash Incentives: In addition to equity-based incentives, the Franklin Ohio Officer Long Term Incentive Compensation Plan may offer cash incentives tied to the achievement of specific financial or operational objectives. These incentives provide officers with immediate rewards and further motivate them to drive the company's success. Overall, the Franklin Ohio Officer Long Term Incentive Compensation Plan serves as a vital tool to attract and retain top-notch talent, ensuring officers in Franklin, Ohio remain committed to Southern California Edison Co.'s long-term growth. The plan's mix of stock options, RSS, performance shares, and cash incentives creates a favorable environment for officers to be financially rewarded for their efforts, aligning their interests with the company's objectives.

The Franklin Ohio Officer Long Term Incentive Compensation Plan is a comprehensive compensation program designed specifically for officers of Southern California Edison Co. residing in Franklin, Ohio. This plan aims to provide a competitive, fair, and rewarding long-term compensation structure to attract, retain, and motivate top talent within the organization. It aligns the interests of the officers with the long-term success of the company, fostering a performance-driven culture. Under the Franklin Ohio Officer Long Term Incentive Compensation Plan, eligible officers can benefit from various types of incentives, such as: 1. Stock Options: Officers may be granted stock options, which give them the right to purchase a certain number of shares of Southern California Edison Co.'s stock at a predetermined price (the exercise price) within a specified time frame. These stock options serve as a powerful tool to encourage officers to enhance the company's value and boost its stock performance. 2. Restricted Stock Units (RSS): RSS are another form of long-term incentive offered by the plan. RSS represents a right to receive company shares after specific performance or time-based vesting conditions have been met. Once vested, officers have the flexibility to sell, hold, or reinvest the received shares as per their preferences. 3. Performance Shares: The plan may also include performance shares, which are awarded based on predefined performance metrics such as financial targets, operational goals, or strategic objectives. Officers are granted a specific number of shares that become payable upon the achievement of these said metrics, promoting both individual and company-level growth. 4. Cash Incentives: In addition to equity-based incentives, the Franklin Ohio Officer Long Term Incentive Compensation Plan may offer cash incentives tied to the achievement of specific financial or operational objectives. These incentives provide officers with immediate rewards and further motivate them to drive the company's success. Overall, the Franklin Ohio Officer Long Term Incentive Compensation Plan serves as a vital tool to attract and retain top-notch talent, ensuring officers in Franklin, Ohio remain committed to Southern California Edison Co.'s long-term growth. The plan's mix of stock options, RSS, performance shares, and cash incentives creates a favorable environment for officers to be financially rewarded for their efforts, aligning their interests with the company's objectives.