California 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 California Officer Long Term Incentive Compensation Plan is a program developed by Southern California Edison Company (SHE) to provide long-term incentives to its officers in the state of California. This plan aims to reward and motivate officers for their long-term performance, contributions, and commitment to the company's success. Under this plan, officers are eligible to receive various forms of long-term incentives, which are designed to align their interests with the company's long-term goals and objectives. These incentives are typically tied to the company's financial performance, stock price, and other key performance indicators. The California Officer Long Term Incentive Compensation Plan offers a range of different incentives to participants in order to encourage long-term engagement, accountability, and driving value for shareholders. Some common types of incentives offered under this plan include: 1. Performance Share Units (Plus): Performance Share Units are awards granted to officers based on their performance against predefined goals and objectives. The number of Plus awarded to officers is determined by their performance relative to these goals, and officers receive a payout in shares of stock at the end of a specified performance period. 2. Stock Options: Stock options provide officers with the right to purchase company stock at a predetermined price, known as the exercise price. Officers can exercise these options after a specified vesting period, enabling them to benefit from any increase in the stock price. 3. Restricted Stock Units (RSS): Restricted Stock Units are awards that grant officers the right to receive shares of company stock at a future date. These units typically vest over a predetermined period, and officers receive the shares as they vest. 4. Cash-based Long Term Incentives: In addition to equity-based incentives, the plan may also offer cash-based incentives tied to the company's performance. These incentives may be in the form of cash bonuses or performance-related cash payments. It is important to note that the specific details and provisions of the California Officer Long Term Incentive Compensation Plan may vary based on individual officer contracts and the discretion of SHE's Board of Directors. This plan is subject to regulatory requirements and may be periodically updated or amended to reflect the company's evolving objectives and market conditions.

The California Officer Long Term Incentive Compensation Plan is a program developed by Southern California Edison Company (SHE) to provide long-term incentives to its officers in the state of California. This plan aims to reward and motivate officers for their long-term performance, contributions, and commitment to the company's success. Under this plan, officers are eligible to receive various forms of long-term incentives, which are designed to align their interests with the company's long-term goals and objectives. These incentives are typically tied to the company's financial performance, stock price, and other key performance indicators. The California Officer Long Term Incentive Compensation Plan offers a range of different incentives to participants in order to encourage long-term engagement, accountability, and driving value for shareholders. Some common types of incentives offered under this plan include: 1. Performance Share Units (Plus): Performance Share Units are awards granted to officers based on their performance against predefined goals and objectives. The number of Plus awarded to officers is determined by their performance relative to these goals, and officers receive a payout in shares of stock at the end of a specified performance period. 2. Stock Options: Stock options provide officers with the right to purchase company stock at a predetermined price, known as the exercise price. Officers can exercise these options after a specified vesting period, enabling them to benefit from any increase in the stock price. 3. Restricted Stock Units (RSS): Restricted Stock Units are awards that grant officers the right to receive shares of company stock at a future date. These units typically vest over a predetermined period, and officers receive the shares as they vest. 4. Cash-based Long Term Incentives: In addition to equity-based incentives, the plan may also offer cash-based incentives tied to the company's performance. These incentives may be in the form of cash bonuses or performance-related cash payments. It is important to note that the specific details and provisions of the California Officer Long Term Incentive Compensation Plan may vary based on individual officer contracts and the discretion of SHE's Board of Directors. This plan is subject to regulatory requirements and may be periodically updated or amended to reflect the company's evolving objectives and market conditions.