Kansas Senior Executive Management Incentive Plan with attachments for The Geon Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-20-234
• Format: Word; Rich Text

Description

20-234 20-234 . . . Senior Executive Management Incentive Plan which is similar to corporation's existing annual bonus program except for changes necessary to cause incentive compensation to qualify as performance-based compensation under Section 162(m) of Internal Revenue Code. Under Plan, (a) key executives who have potential to influence significantly and positively the performance of corporation are selected by Committee, (b) participants are assigned to an incentive category based on organizational level and potential impact on corporation results, (c) participant categories define level of incentive opportunity, stated as a percentage (up to maximum of 200%) of base salary, that will be available to participant (Incentive Percentage), and (d) Committee uses measures of corporation performance to determine performance goal target levels. Performance measures include one or more of following: (i) return to stockholders, (ii) cash flow, (iii) return on equity, (iv) corporation created income, (v) sales growth, (vi) earnings and earnings growth, (vii) return on assets, (viii) stock price, (ix) earnings per share, (x) market share, (xi) customer satisfaction, and (xii) safety and/or environmental performance. Selected performance measures are weighted by Committee each year to reflect their relative importance to corporation in that Plan Year. A portion of each participant's award, as determined by Committee, is paid in form of restricted stock. Participants can elect additional optional deferrals so that they may receive up to 100% of their award as restricted stock. Any award paid as restricted stock is enhanced with a 25% premium; i.e., for every $100 deferred, participant will receive $125 in restricted stock Kansas Senior Executive Management Incentive Plan for The Leon Co. is a comprehensive performance-based compensation program designed to attract, retain, and motivate high-level executives in the company. This plan aligns executive objectives with the organization's strategic goals, encouraging executives to make decisions that drive company growth and profitability. The Kansas Senior Executive Management Incentive Plan offers a range of benefits and incentives, providing executives with a competitive compensation package. This plan includes both short-term and long-term incentives to reward executives for their accomplishments. A variety of key performance indicators (KPIs) and metrics are used to evaluate executive performance and determine incentive payouts. Attachments for The Leon Co.'s Kansas Senior Executive Management Incentive Plan may include: 1. Plan Overview: This document provides an introduction to the plan, outlining its objectives and guiding principles. It details the eligibility criteria, performance evaluation process, and payout structure. 2. Performance Metrics: This attachment includes a detailed explanation of the performance indicators used to measure executive performance. These metrics may include financial targets (revenue growth, profitability), operational goals (cost reduction, quality metrics), and strategic objectives (market share, customer satisfaction). 3. Incentive Payout Calculation: This attachment outlines the methodology for determining incentive payouts based on executives' performance. It includes the weightage assigned to each performance metric and the corresponding payout percentage. 4. Short-Term Incentives: This attachment explains the short-term incentive component of the plan. It may include a description of annual cash bonuses or stock-based awards tied to short-term performance objectives. The attachment outlines the eligibility criteria, payout formula, and timing of incentive payments. 5. Long-Term Incentives: This attachment provides details on the long-term incentive component, which aims to drive sustained performance and retention. It may include information on equity-based awards such as restricted stock units (RSS), stock options, or performance shares. The attachment highlights vesting schedules, performance conditions, and payout structure. 6. Administration and Governance: This attachment covers the plan's administration, communication, and governance mechanisms. It outlines the responsibilities of the compensation committee, process for plan amendments, and procedures for dispute resolution. 7. Participant Agreement: This attachment includes a sample agreement that executives must sign to participate in the plan. It outlines the terms and conditions, including the executive's commitment to the company's goals and code of conduct. It is important to note that specific plan details, attachments, and naming conventions may vary based on The Leon Co.'s internal policies and objectives. The above description provides a general framework for a Kansas Senior Executive Management Incentive Plan with potential attachments.

Kansas Senior Executive Management Incentive Plan for The Leon Co. is a comprehensive performance-based compensation program designed to attract, retain, and motivate high-level executives in the company. This plan aligns executive objectives with the organization's strategic goals, encouraging executives to make decisions that drive company growth and profitability. The Kansas Senior Executive Management Incentive Plan offers a range of benefits and incentives, providing executives with a competitive compensation package. This plan includes both short-term and long-term incentives to reward executives for their accomplishments. A variety of key performance indicators (KPIs) and metrics are used to evaluate executive performance and determine incentive payouts. Attachments for The Leon Co.'s Kansas Senior Executive Management Incentive Plan may include: 1. Plan Overview: This document provides an introduction to the plan, outlining its objectives and guiding principles. It details the eligibility criteria, performance evaluation process, and payout structure. 2. Performance Metrics: This attachment includes a detailed explanation of the performance indicators used to measure executive performance. These metrics may include financial targets (revenue growth, profitability), operational goals (cost reduction, quality metrics), and strategic objectives (market share, customer satisfaction). 3. Incentive Payout Calculation: This attachment outlines the methodology for determining incentive payouts based on executives' performance. It includes the weightage assigned to each performance metric and the corresponding payout percentage. 4. Short-Term Incentives: This attachment explains the short-term incentive component of the plan. It may include a description of annual cash bonuses or stock-based awards tied to short-term performance objectives. The attachment outlines the eligibility criteria, payout formula, and timing of incentive payments. 5. Long-Term Incentives: This attachment provides details on the long-term incentive component, which aims to drive sustained performance and retention. It may include information on equity-based awards such as restricted stock units (RSS), stock options, or performance shares. The attachment highlights vesting schedules, performance conditions, and payout structure. 6. Administration and Governance: This attachment covers the plan's administration, communication, and governance mechanisms. It outlines the responsibilities of the compensation committee, process for plan amendments, and procedures for dispute resolution. 7. Participant Agreement: This attachment includes a sample agreement that executives must sign to participate in the plan. It outlines the terms and conditions, including the executive's commitment to the company's goals and code of conduct. It is important to note that specific plan details, attachments, and naming conventions may vary based on The Leon Co.'s internal policies and objectives. The above description provides a general framework for a Kansas Senior Executive Management Incentive Plan with potential attachments.