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

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• 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 Arkansas Officer Long Term Incentive Compensation Plan is a program designed by Southern California Edison Co. to attract, retain, and motivate highly skilled executives in their Arkansas division. This plan aims to encourage long-term commitment towards the achievement of the company's goals. It is specifically tailored to officers in Arkansas, providing them with incentives to drive superior performance and align their objectives with the company's strategic priorities. Under the Arkansas Officer Long Term Incentive Compensation Plan, eligible officers are eligible to receive various forms of long-term incentives, including stock options, restricted stock units (RSS), performance shares, and cash bonuses. These incentives are granted based on predetermined performance criteria, which are established annually by the company's management in consultation with the board of directors. There are several types of incentives within the Arkansas Officer Long Term Incentive Compensation Plan: 1. Stock Options: Officers may be granted stock options, which give them the right to purchase company stock at a specified price (the exercise price) within a predetermined timeframe. These options incentivize officers to drive the company's stock price up, as they stand to benefit from the gains in value. 2. Restricted Stock Units (RSS): RSS represent a promise to deliver company stock to officers at a future date, contingent upon meeting certain performance conditions or remaining with the company for a specified period. RSS are used to reinforce employee retention and align long-term interests with shareholders. 3. Performance Shares: Performance shares are awarded to officers based on the achievement of specific predetermined performance goals, such as financial targets or operational metrics. These shares provide an additional incentive for executives to drive exceptional performance and contribute to the company's growth. 4. Cash Bonuses: In addition to equity-based incentives, officers may receive cash bonuses as part of their long-term compensation. These bonuses are generally linked to the attainment of financial or strategic objectives and serve as a way to reward exceptional performance. It is important to note that the specifics of the Arkansas Officer Long Term Incentive Compensation Plan may vary depending on individual officer roles, responsibilities, and seniority levels. The plan's design is subject to oversight by the compensation committee of Southern California Edison Co.'s board of directors and is disclosed to shareholders in the company's annual proxy statement. Overall, the Arkansas Officer Long Term Incentive Compensation Plan plays a crucial role in attracting, motivating, and retaining talented executives in Southern California Edison Co.'s Arkansas division. By aligning the interests of officers with the company's long-term goals, this plan aims to drive sustainable growth and create value for shareholders.

The Arkansas Officer Long Term Incentive Compensation Plan is a program designed by Southern California Edison Co. to attract, retain, and motivate highly skilled executives in their Arkansas division. This plan aims to encourage long-term commitment towards the achievement of the company's goals. It is specifically tailored to officers in Arkansas, providing them with incentives to drive superior performance and align their objectives with the company's strategic priorities. Under the Arkansas Officer Long Term Incentive Compensation Plan, eligible officers are eligible to receive various forms of long-term incentives, including stock options, restricted stock units (RSS), performance shares, and cash bonuses. These incentives are granted based on predetermined performance criteria, which are established annually by the company's management in consultation with the board of directors. There are several types of incentives within the Arkansas Officer Long Term Incentive Compensation Plan: 1. Stock Options: Officers may be granted stock options, which give them the right to purchase company stock at a specified price (the exercise price) within a predetermined timeframe. These options incentivize officers to drive the company's stock price up, as they stand to benefit from the gains in value. 2. Restricted Stock Units (RSS): RSS represent a promise to deliver company stock to officers at a future date, contingent upon meeting certain performance conditions or remaining with the company for a specified period. RSS are used to reinforce employee retention and align long-term interests with shareholders. 3. Performance Shares: Performance shares are awarded to officers based on the achievement of specific predetermined performance goals, such as financial targets or operational metrics. These shares provide an additional incentive for executives to drive exceptional performance and contribute to the company's growth. 4. Cash Bonuses: In addition to equity-based incentives, officers may receive cash bonuses as part of their long-term compensation. These bonuses are generally linked to the attainment of financial or strategic objectives and serve as a way to reward exceptional performance. It is important to note that the specifics of the Arkansas Officer Long Term Incentive Compensation Plan may vary depending on individual officer roles, responsibilities, and seniority levels. The plan's design is subject to oversight by the compensation committee of Southern California Edison Co.'s board of directors and is disclosed to shareholders in the company's annual proxy statement. Overall, the Arkansas Officer Long Term Incentive Compensation Plan plays a crucial role in attracting, motivating, and retaining talented executives in Southern California Edison Co.'s Arkansas division. By aligning the interests of officers with the company's long-term goals, this plan aims to drive sustainable growth and create value for shareholders.