Illinois 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 Illinois Long Term Compensation Plan of Pulse Corp. is a comprehensive program designed to reward and retain talented employees over an extended period. This plan incorporates various components and options to ensure a well-rounded and attractive compensation package for eligible employees. One of the key features of the Illinois Long Term Compensation Plan is the stock-based awards. Pulse Corp. offers different types of equity awards, such as stock options, restricted stock units (RSS), and performance-based stock units (Plus). These awards aim to align the interests of the employees with the long-term success of the company. Stock options provide the right to buy company shares at a predetermined price, while RSS grant employees the right to receive shares after a vesting period. Plus, on the other hand, are contingent upon achieving certain performance targets. Another component of the plan is the cash-based incentives, which include annual cash bonuses and long-term cash awards. Annual cash bonuses are performance-based rewards linked to individual, team, or company-wide goals. The long-term cash awards are designed to encourage employee retention and are typically granted over a specified period to acknowledge sustained contributions. Additionally, the Illinois Long Term Compensation Plan may also include non-cash benefits such as retirement savings plans, healthcare and insurance benefits, and other perks like employee discounts, wellness programs, or professional development opportunities. These benefits enhance the overall attractiveness of the compensation package, promoting employee satisfaction, and fostering loyalty. It is worth noting that Pulse Corp. may have different versions or variations of the Illinois Long Term Compensation Plan tailored to different employee groups or levels within the organization. For instance, there might be a specific plan for executives or senior management, which could include additional performance metrics or unique equity-based awards. In summary, the Illinois Long Term Compensation Plan of Pulse Corp. encompasses various stock-based awards, cash incentives, and non-cash benefits to reward and retain employees. This comprehensive plan ensures that eligible employees are motivated, aligned with the company's success, and adequately remunerated.

The Illinois Long Term Compensation Plan of Pulse Corp. is a comprehensive program designed to reward and retain talented employees over an extended period. This plan incorporates various components and options to ensure a well-rounded and attractive compensation package for eligible employees. One of the key features of the Illinois Long Term Compensation Plan is the stock-based awards. Pulse Corp. offers different types of equity awards, such as stock options, restricted stock units (RSS), and performance-based stock units (Plus). These awards aim to align the interests of the employees with the long-term success of the company. Stock options provide the right to buy company shares at a predetermined price, while RSS grant employees the right to receive shares after a vesting period. Plus, on the other hand, are contingent upon achieving certain performance targets. Another component of the plan is the cash-based incentives, which include annual cash bonuses and long-term cash awards. Annual cash bonuses are performance-based rewards linked to individual, team, or company-wide goals. The long-term cash awards are designed to encourage employee retention and are typically granted over a specified period to acknowledge sustained contributions. Additionally, the Illinois Long Term Compensation Plan may also include non-cash benefits such as retirement savings plans, healthcare and insurance benefits, and other perks like employee discounts, wellness programs, or professional development opportunities. These benefits enhance the overall attractiveness of the compensation package, promoting employee satisfaction, and fostering loyalty. It is worth noting that Pulse Corp. may have different versions or variations of the Illinois Long Term Compensation Plan tailored to different employee groups or levels within the organization. For instance, there might be a specific plan for executives or senior management, which could include additional performance metrics or unique equity-based awards. In summary, the Illinois Long Term Compensation Plan of Pulse Corp. encompasses various stock-based awards, cash incentives, and non-cash benefits to reward and retain employees. This comprehensive plan ensures that eligible employees are motivated, aligned with the company's success, and adequately remunerated.