Kansas Management Long Term Incentive Compensation Plan of of SCEcorp

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-18-268B
• Format: Word; Rich Text

Description

18-268B 18-268B . . . Management 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 Kansas Management Long Term Incentive Compensation Plan of Suncorp is a program designed to provide competitive and attractive compensation packages to key management employees in order to align their interests with the long-term success and growth of Suncorp. Under this plan, Kansas management employees are offered various incentives and compensation components that are directly linked to the company's performance and the achievement of predetermined goals. These components aim to motivate and reward employees for their contribution to the overall success of Suncorp. There are different types of incentives included in the Kansas Management Long Term Incentive Compensation Plan, each tailored to suit the specific needs and responsibilities of different management roles within the company. These may include: 1. Performance-Based Stock Options: Kansas management employees may be granted stock options that allow them to purchase shares of Suncorp stock at a predetermined price. The availability and value of these options are typically tied to the achievement of specified performance objectives, such as increasing earnings per share or achieving certain operational targets. 2. Restricted Stock Units (RSS): RSS are another form of compensation provided to Kansas management employees. RSS represents the right to receive a specified number of shares of Suncorp stock, typically subject to vesting conditions, such as the passage of time or the attainment of certain performance goals. 3. Performance Cash Awards: Kansas management employees may also be eligible for performance-based cash awards. These awards are typically based on the achievement of specific financial or operational targets and are designed to provide immediate financial recognition for exceptional performance. 4. Long-Term Performance Awards: Another component of the Kansas Management Long Term Incentive Compensation Plan is the provision of long-term performance awards. These awards may take the form of cash payments or stock grants that are tied to the company's performance over a multi-year period. The specific details and structure of the Kansas Management Long Term Incentive Compensation Plan may vary depending on the individual's position, level of responsibility, and performance. The plan is typically reviewed and approved by the company's compensation committee and is subject to periodic evaluation and adjustments to ensure its effectiveness in attracting, retaining, and motivating top talent within Suncorp.

The Kansas Management Long Term Incentive Compensation Plan of Suncorp is a program designed to provide competitive and attractive compensation packages to key management employees in order to align their interests with the long-term success and growth of Suncorp. Under this plan, Kansas management employees are offered various incentives and compensation components that are directly linked to the company's performance and the achievement of predetermined goals. These components aim to motivate and reward employees for their contribution to the overall success of Suncorp. There are different types of incentives included in the Kansas Management Long Term Incentive Compensation Plan, each tailored to suit the specific needs and responsibilities of different management roles within the company. These may include: 1. Performance-Based Stock Options: Kansas management employees may be granted stock options that allow them to purchase shares of Suncorp stock at a predetermined price. The availability and value of these options are typically tied to the achievement of specified performance objectives, such as increasing earnings per share or achieving certain operational targets. 2. Restricted Stock Units (RSS): RSS are another form of compensation provided to Kansas management employees. RSS represents the right to receive a specified number of shares of Suncorp stock, typically subject to vesting conditions, such as the passage of time or the attainment of certain performance goals. 3. Performance Cash Awards: Kansas management employees may also be eligible for performance-based cash awards. These awards are typically based on the achievement of specific financial or operational targets and are designed to provide immediate financial recognition for exceptional performance. 4. Long-Term Performance Awards: Another component of the Kansas Management Long Term Incentive Compensation Plan is the provision of long-term performance awards. These awards may take the form of cash payments or stock grants that are tied to the company's performance over a multi-year period. The specific details and structure of the Kansas Management Long Term Incentive Compensation Plan may vary depending on the individual's position, level of responsibility, and performance. The plan is typically reviewed and approved by the company's compensation committee and is subject to periodic evaluation and adjustments to ensure its effectiveness in attracting, retaining, and motivating top talent within Suncorp.