District of Columbia Long Term Incentive Program for Senior Management

State:
Multi-State
Control #:
US-CC-20-162L
Format:
Word; 
Rich Text
Instant download

Description

20-162L 20-162L . . . Long Term Incentive Program For Senior Management under which Compensation Committee may award (a) stock appreciation rights and (b) performance share units. Performance share units entitle holder to receive cash payment equal to (i) average market price of one share of corporation common stock during December ("Measuring Month") in third calendar year following year in which award is made, plus (ii) aggregate dividends with respect to one share of corporation common stock from January 1 of year in which award is made until last day of Measuring Month. At maturity, number of units initially awarded shall be (i) multiplied by fraction that corresponds to average annual percentage increase or decrease in book value per share of corporation common stock over four year period prior to maturity, and (ii) then further adjusted based on ratio of market value of corporation common stock to its book value as compared to that of comparable electric utility companies
Free preview
  • Preview Long Term Incentive Program for Senior Management
  • Preview Long Term Incentive Program for Senior Management
  • Preview Long Term Incentive Program for Senior Management
  • Preview Long Term Incentive Program for Senior Management
  • Preview Long Term Incentive Program for Senior Management
  • Preview Long Term Incentive Program for Senior Management
  • Preview Long Term Incentive Program for Senior Management
  • Preview Long Term Incentive Program for Senior Management

How to fill out Long Term Incentive Program For Senior Management?

If you have to complete, acquire, or produce authorized document templates, use US Legal Forms, the greatest collection of authorized kinds, that can be found on the Internet. Make use of the site`s basic and convenient research to find the papers you require. A variety of templates for company and person uses are sorted by classes and states, or keywords and phrases. Use US Legal Forms to find the District of Columbia Long Term Incentive Program for Senior Management in a handful of clicks.

Should you be currently a US Legal Forms customer, log in for your bank account and click on the Acquire switch to obtain the District of Columbia Long Term Incentive Program for Senior Management. Also you can access kinds you previously delivered electronically from the My Forms tab of your bank account.

Should you use US Legal Forms the very first time, refer to the instructions listed below:

  • Step 1. Be sure you have selected the form for that proper metropolis/country.
  • Step 2. Use the Review solution to examine the form`s content material. Never forget to read through the description.
  • Step 3. Should you be not satisfied using the develop, utilize the Look for industry on top of the monitor to discover other types of the authorized develop template.
  • Step 4. When you have discovered the form you require, go through the Acquire now switch. Choose the prices prepare you choose and include your accreditations to register for the bank account.
  • Step 5. Method the purchase. You should use your charge card or PayPal bank account to complete the purchase.
  • Step 6. Select the formatting of the authorized develop and acquire it on your own product.
  • Step 7. Complete, edit and produce or signal the District of Columbia Long Term Incentive Program for Senior Management.

Every authorized document template you purchase is your own for a long time. You possess acces to each and every develop you delivered electronically inside your acccount. Click on the My Forms portion and pick a develop to produce or acquire once again.

Compete and acquire, and produce the District of Columbia Long Term Incentive Program for Senior Management with US Legal Forms. There are millions of expert and status-specific kinds you can utilize for your company or person demands.

Form popularity

FAQ

Civil Service Retirement System AgeYears of ServiceType of Retirement625 or MoreVoluntaryAny Age5 or MoreDisability*5020Early Out*Any Age25Early Out2 more rows

Benefits-eligible employees include: All full-time permanent employees. Part-time permanent employees who generally work at least 30 hours per week. Employees with temporary full-time appointments of at least 13 months who are employed by agencies under authority of the Mayor.

The federal government uses incentive awards and quality step increases (QSI) to encourage employees to improve their work performance and, consequently, government operations, by recognizing work exceeding normal performance requirements.

100 percent employer funded: 5 percent of the base salary (5.5 percent for Corrections Officers) beginning the first pay period after one year of service. Must have one year of continuous service to participate; fully vested in the Defined Contribution Pension Plan after five years of continuous service.

Plan, Benefits and Contact 401(a) Retirement Plan: After one year of creditable service, the District government will contribute an amount equal to 5 percent of annual base salary, 5.5 percent for Corrections Officers, to a pension account in the employee's name. For more information, call (202) 727-6055.

Management Supervisory Service | DCHR.

FERS Retirement Eligibility Types of RetirementAgeYears of ServiceOptional (Voluntary)MRA 60 6230 20 5Early Out (Voluntary)50 Any20 25Discontinued Service (Involuntary)50 Any20 25DisabilityAny18 months

401(a) Retirement Plan: After one year of creditable service, the District government will contribute an amount equal to 5 percent of annual base salary, 5.5 percent for Corrections Officers, to a pension account in the employee's name. For more information, call (202) 727-6055.

Trusted and secure by over 3 million people of the world’s leading companies

District of Columbia Long Term Incentive Program for Senior Management