Georgia 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 Georgia Officer Long Term Incentive Compensation Plan is a program designed specifically for the officers of Southern California Edison Co. Based in Georgia, this compensation plan aims to attract and retain top talent by offering long-term incentives to drive the company's success. The plan consists of various types of incentives that reward officers for their performance, achievements, and long-term commitment to the company. These incentives can be categorized into the following types: 1. Stock Options: Southern California Edison Co. may grant officers stock options as part of their long-term incentive compensation plan. Stock options give officers the right to purchase company shares at a predetermined price, enabling them to benefit from future stock price increases. 2. Restricted Stock Units (RSS): Another type of long-term incentive is the issuance of RSS. RSS represents a promise to deliver company stock at a future date, subject to specific performance-based vesting conditions. Once the RSS vest, officers receive shares of the company's stock. 3. Performance Bonuses: This compensation plan may include performance bonuses tied to predetermined goals and objectives. Officers who surpass these targets are eligible to receive bonus payments as part of their long-term incentive compensation. 4. Performance Shares: Performance shares are another form of long-term incentive compensation that Southern California Edison Co. may offer to its officers. These shares are awarded based on predetermined performance criteria and are typically subject to a vesting period. 5. Cash Bonuses: In addition to stock-based incentives, officers may also be eligible for cash bonuses based on their performance and contribution to the company's growth and success. These bonuses can supplement the stock-based incentives and provide immediate financial rewards. The Georgia Officer Long Term Incentive Compensation Plan for Southern California Edison Co. aims to align the interests of officers with the company's long-term goals and motivate them to achieve superior performance. By combining various types of incentives, the plan ensures that officers are rewarded for their efforts, contribute to the company's growth, and increase shareholder value.

The Georgia Officer Long Term Incentive Compensation Plan is a program designed specifically for the officers of Southern California Edison Co. Based in Georgia, this compensation plan aims to attract and retain top talent by offering long-term incentives to drive the company's success. The plan consists of various types of incentives that reward officers for their performance, achievements, and long-term commitment to the company. These incentives can be categorized into the following types: 1. Stock Options: Southern California Edison Co. may grant officers stock options as part of their long-term incentive compensation plan. Stock options give officers the right to purchase company shares at a predetermined price, enabling them to benefit from future stock price increases. 2. Restricted Stock Units (RSS): Another type of long-term incentive is the issuance of RSS. RSS represents a promise to deliver company stock at a future date, subject to specific performance-based vesting conditions. Once the RSS vest, officers receive shares of the company's stock. 3. Performance Bonuses: This compensation plan may include performance bonuses tied to predetermined goals and objectives. Officers who surpass these targets are eligible to receive bonus payments as part of their long-term incentive compensation. 4. Performance Shares: Performance shares are another form of long-term incentive compensation that Southern California Edison Co. may offer to its officers. These shares are awarded based on predetermined performance criteria and are typically subject to a vesting period. 5. Cash Bonuses: In addition to stock-based incentives, officers may also be eligible for cash bonuses based on their performance and contribution to the company's growth and success. These bonuses can supplement the stock-based incentives and provide immediate financial rewards. The Georgia Officer Long Term Incentive Compensation Plan for Southern California Edison Co. aims to align the interests of officers with the company's long-term goals and motivate them to achieve superior performance. By combining various types of incentives, the plan ensures that officers are rewarded for their efforts, contribute to the company's growth, and increase shareholder value.