District of Columbia Management Long Term Incentive Compensation Plan of of SCEcorp

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-18-268B
• Format: Word; Rich Text

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 District of Columbia Management Long Term Incentive Compensation Plan refers to a specific compensation program implemented by Suncorp, a company based in the District of Columbia. This plan is designed to reward senior management personnel for their long-term contribution and performance towards the company's growth and success. Under the District of Columbia Management Long Term Incentive Compensation Plan, eligible employees are offered various incentives and financial rewards that are tied to the company's performance over an extended period of time. These incentives are meant to encourage managers to work towards achieving the company's long-term objectives and creating sustainable value for both shareholders and stakeholders. The plan comprises different types of incentives to align the interests of senior management with the company's strategic goals. These incentives may include stock options, restricted stock units (RSS), performance shares, cash bonuses, and other similar forms of compensation. The allocation and structure of these incentives may vary based on factors such as position, performance, tenure, and specific objectives set by the company. The District of Columbia Management Long Term Incentive Compensation Plan aims to create a strong link between the company's long-term success and the rewards received by its management. It ensures that executives and key personnel are motivated to make decisions that will positively impact the company's financial performance, growth, and shareholder value. By tying compensation to long-term performance, this plan aims to promote accountability, encourage retention of skilled executives, and inspire a culture of achievement and excellence within Suncorp. It also helps attract top talent by offering competitive and enticing rewards for exceptional performance and dedication. Overall, the District of Columbia Management Long Term Incentive Compensation Plan of Suncorp provides a comprehensive framework for rewarding and motivating senior management, aligning their interests with the company's long-term strategic objectives, and ultimately driving sustainable growth and success.

The District of Columbia Management Long Term Incentive Compensation Plan refers to a specific compensation program implemented by Suncorp, a company based in the District of Columbia. This plan is designed to reward senior management personnel for their long-term contribution and performance towards the company's growth and success. Under the District of Columbia Management Long Term Incentive Compensation Plan, eligible employees are offered various incentives and financial rewards that are tied to the company's performance over an extended period of time. These incentives are meant to encourage managers to work towards achieving the company's long-term objectives and creating sustainable value for both shareholders and stakeholders. The plan comprises different types of incentives to align the interests of senior management with the company's strategic goals. These incentives may include stock options, restricted stock units (RSS), performance shares, cash bonuses, and other similar forms of compensation. The allocation and structure of these incentives may vary based on factors such as position, performance, tenure, and specific objectives set by the company. The District of Columbia Management Long Term Incentive Compensation Plan aims to create a strong link between the company's long-term success and the rewards received by its management. It ensures that executives and key personnel are motivated to make decisions that will positively impact the company's financial performance, growth, and shareholder value. By tying compensation to long-term performance, this plan aims to promote accountability, encourage retention of skilled executives, and inspire a culture of achievement and excellence within Suncorp. It also helps attract top talent by offering competitive and enticing rewards for exceptional performance and dedication. Overall, the District of Columbia Management Long Term Incentive Compensation Plan of Suncorp provides a comprehensive framework for rewarding and motivating senior management, aligning their interests with the company's long-term strategic objectives, and ultimately driving sustainable growth and success.