Georgia Long Term Incentive Program for Senior Management

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-20-162L
• Format: Word; Rich Text

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 Georgia Long Term Incentive Program for Senior Management is designed to attract and retain highly skilled executive talent in organizations operating within the state of Georgia. This program offers various long-term incentives to senior management, aiming to align their interests with the growth and success of the company. It is crucial to consider the specific needs and objectives of the organization, as different types of Long Term Incentive Programs may be available. Let's explore some potential variations: 1. Stock Options: A common type of long-term incentive, stock options grant senior managers the right to purchase company stock at a predetermined price over a specific period. This program encourages executives to work towards increasing the company's stock value, benefiting both the individual and the organization. 2. Restricted Stock Units (RSS): RSS are another type of equity-based long-term incentive. Senior management may be granted RSS, which convert to company shares after a specific vesting period. By tying the executive's compensation to the company's performance, RSS promote loyalty and motivate managers to make strategic decisions for long-term growth. 3. Performance Share Units (Plus): Plus tie executive compensation to predetermined performance goals. Depending on the program, targets may include financial metrics, such as revenue growth or profitability, or non-financial measures like social responsibility or customer satisfaction. Plus offer a personalized incentive plan, motivating management to achieve specific objectives beneficial to the company. 4. Cash Bonuses: While equity-based incentives are popular, cash bonuses remain an attractive option. Georgia's Long Term Incentive Program may include cash bonuses tied to achieving organizational or individual goals. These bonuses can be awarded annually or over a longer period, reinforcing management commitment and performance. 5. Employee Stock Purchase Plan (ESPN): ESPN allow senior management to purchase company stock at a discounted price, usually through payroll deductions. By enabling executives to become shareholders, ESPN promotes a sense of ownership and align their interests with long-term company success. To participate in any of the mentioned programs, senior management typically needs to satisfy specific eligibility criteria and performance expectations. Georgia Long Term Incentive Program for Senior Management aims to foster an environment of growth, innovation, and talent retention, benefiting both organizations and executives in the dynamic business landscape.

Georgia Long Term Incentive Program for Senior Management is designed to attract and retain highly skilled executive talent in organizations operating within the state of Georgia. This program offers various long-term incentives to senior management, aiming to align their interests with the growth and success of the company. It is crucial to consider the specific needs and objectives of the organization, as different types of Long Term Incentive Programs may be available. Let's explore some potential variations: 1. Stock Options: A common type of long-term incentive, stock options grant senior managers the right to purchase company stock at a predetermined price over a specific period. This program encourages executives to work towards increasing the company's stock value, benefiting both the individual and the organization. 2. Restricted Stock Units (RSS): RSS are another type of equity-based long-term incentive. Senior management may be granted RSS, which convert to company shares after a specific vesting period. By tying the executive's compensation to the company's performance, RSS promote loyalty and motivate managers to make strategic decisions for long-term growth. 3. Performance Share Units (Plus): Plus tie executive compensation to predetermined performance goals. Depending on the program, targets may include financial metrics, such as revenue growth or profitability, or non-financial measures like social responsibility or customer satisfaction. Plus offer a personalized incentive plan, motivating management to achieve specific objectives beneficial to the company. 4. Cash Bonuses: While equity-based incentives are popular, cash bonuses remain an attractive option. Georgia's Long Term Incentive Program may include cash bonuses tied to achieving organizational or individual goals. These bonuses can be awarded annually or over a longer period, reinforcing management commitment and performance. 5. Employee Stock Purchase Plan (ESPN): ESPN allow senior management to purchase company stock at a discounted price, usually through payroll deductions. By enabling executives to become shareholders, ESPN promotes a sense of ownership and align their interests with long-term company success. To participate in any of the mentioned programs, senior management typically needs to satisfy specific eligibility criteria and performance expectations. Georgia Long Term Incentive Program for Senior Management aims to foster an environment of growth, innovation, and talent retention, benefiting both organizations and executives in the dynamic business landscape.