The Alaska Management Long Term Incentive Compensation Plan is a specific incentivization program implemented by Suncorp to reward and retain its top executives and key employees. It is designed to align the interests of management with the long-term success of the company by offering attractive incentives tied to achieving predetermined performance goals. The Alaska Management Long Term Incentive Compensation Plan consists of various components and types, each tailored to meet the specific needs and objectives of the organization. These different types may include: 1. Performance Stock Units (Plus): These are awards granted to eligible participants based on the achievement of specified performance metrics over a predetermined performance period. PSU scan be converted into shares of company stock upon meeting specific vesting criteria. 2. Restricted Stock Units (RSS): In this type of plan, eligible participants receive a grant of company shares that are subject to certain restrictions, such as a vesting period or performance conditions, before they can be fully owned by the individual. 3. Stock Options: This type of incentive allows eligible participants to purchase company shares at a predetermined price (exercise price) within a specified time frame. The exercise price is usually set at the current market value of the stock on the grant date. 4. Performance Cash Awards: Unlike equity-based plans, performance cash awards provide participants with a cash bonus based on the achievement of predefined performance targets. These targets can be financial, operational, or strategic goals set by the company. The Alaska Management Long Term Incentive Compensation Plan of Suncorp aims to motivate and retain top talent, ensuring their continued commitment to driving the company's long-term growth and success. It offers executives and key employees the opportunity to benefit from the company's financial performance and stock market appreciation while achieving their individual and team objectives. This plan emphasizes a performance-driven culture, rewarding participants based on their contributions towards financial goals, shareholder value, operational excellence, and strategic initiatives. By aligning incentives with organizational objectives, the plan encourages participants to work towards the company's long-term growth and profitability. Overall, the Alaska Management Long Term Incentive Compensation Plan of Suncorp is a comprehensive program that combines various equity-based and cash-based incentives, promoting a performance-oriented and retention-focused environment within the organization. It provides participants with the opportunity to share in the company's success while ensuring their long-term commitment to achieving strategic objectives.
Alaska Management Long Term Incentive Compensation Plan of of SCEcorp
State:
Multi-State
Control #:
US-CC-18-268B
Format:
Word;
Rich Text
Instant download
Description
18-268B 18-268B . . . Management 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 Alaska Management Long Term Incentive Compensation Plan is a specific incentivization program implemented by Suncorp to reward and retain its top executives and key employees. It is designed to align the interests of management with the long-term success of the company by offering attractive incentives tied to achieving predetermined performance goals. The Alaska Management Long Term Incentive Compensation Plan consists of various components and types, each tailored to meet the specific needs and objectives of the organization. These different types may include: 1. Performance Stock Units (Plus): These are awards granted to eligible participants based on the achievement of specified performance metrics over a predetermined performance period. PSU scan be converted into shares of company stock upon meeting specific vesting criteria. 2. Restricted Stock Units (RSS): In this type of plan, eligible participants receive a grant of company shares that are subject to certain restrictions, such as a vesting period or performance conditions, before they can be fully owned by the individual. 3. Stock Options: This type of incentive allows eligible participants to purchase company shares at a predetermined price (exercise price) within a specified time frame. The exercise price is usually set at the current market value of the stock on the grant date. 4. Performance Cash Awards: Unlike equity-based plans, performance cash awards provide participants with a cash bonus based on the achievement of predefined performance targets. These targets can be financial, operational, or strategic goals set by the company. The Alaska Management Long Term Incentive Compensation Plan of Suncorp aims to motivate and retain top talent, ensuring their continued commitment to driving the company's long-term growth and success. It offers executives and key employees the opportunity to benefit from the company's financial performance and stock market appreciation while achieving their individual and team objectives. This plan emphasizes a performance-driven culture, rewarding participants based on their contributions towards financial goals, shareholder value, operational excellence, and strategic initiatives. By aligning incentives with organizational objectives, the plan encourages participants to work towards the company's long-term growth and profitability. Overall, the Alaska Management Long Term Incentive Compensation Plan of Suncorp is a comprehensive program that combines various equity-based and cash-based incentives, promoting a performance-oriented and retention-focused environment within the organization. It provides participants with the opportunity to share in the company's success while ensuring their long-term commitment to achieving strategic objectives.
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