District of Columbia Long Term Compensation Plan of Pulte Corp.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-20-114
• Format: Word; Rich Text

Description

20-114 20-114 . . . Long Term Compensation Plan under which the Compensation Committee determines which key employees are eligible to participate and sets target cash compensation for each participant. which is based upon pre-established objective performance goals that use one or more business criteria including: average return on equity, average return on invested capital, pre-tax income and target business mix. A different formula is used for each group of employees such as key home office employees and key field employees

The District of Columbia Long Term Compensation Plan is a comprehensive program established by Pulse Corp., a leading residential construction company, to incentivize and reward its employees based in the District of Columbia for their long-term contributions and commitment to the company's growth. The plan is designed to strengthen employee loyalty, retention, and job satisfaction by offering attractive compensation and benefits packages. Under this plan, Pulse Corp. offers various types of long-term compensation to eligible employees in the District of Columbia. These include: 1. Stock Options: Employees are granted the opportunity to purchase company shares at a predetermined price over a specified period. As the company's stock value increases, employees can potentially profit from selling the acquired shares. 2. Restricted Stock Units (RSS): Eligible employees are granted a specific number of shares that vest over time based on predetermined conditions. This encourages loyalty and long-term commitment as employees gain ownership in the company as the RSS vest. 3. Performance Shares: Pulse Corp. awards performance shares to eligible employees based on predetermined performance metrics and goals. Employees receive a specific number of shares when these goals are achieved and vested over a defined period, aligning their interests with the company's success. 4. Cash Bonuses: In addition to equity-based compensation, the company may offer cash bonuses to recognize exceptional performance, reaching specific milestones, or achieving annual targets. These bonuses provide additional motivation for employees and acknowledge their hard work. 5. Deferred Compensation: Pulse Corp. allows employees to defer a portion of their compensation, typically a percentage of their salary, bonus, or equity, to be paid out at a later date, such as retirement. This provides employees with flexibility in managing their financial resources while also deferring potential tax liabilities. The District of Columbia Long Term Compensation Plan implemented by Pulse Corp. aims to attract, motivate, and retain top talent in the highly competitive residential construction industry. By offering a range of compensation options, including stock options, RSS, performance shares, cash bonuses, and deferred compensation, Pulse Corp. ensures its employees in the District of Columbia are equipped with the tools to grow alongside the company's success.