Kansas Compensation Program for Officers and Certain Key Management Personnel (KCP-OCKMP) is a comprehensive framework established by the state of Kansas to provide competitive compensation and benefits to officers and key management personnel in various government agencies and organizations. This program aims to attract and retain high-performing professionals who play pivotal roles in securing efficient and effective operations while ensuring accountability and transparency. One type of compensation program offered under KCP-OCKMP is referred to as the Executive Officer Compensation (EOC) plan. This plan focuses on the top-level executives, including agency heads, directors, and senior management roles responsible for strategic decision-making and overall organizational performance. The EOC plan encompasses a variety of compensation components, such as salary, bonuses, deferred compensation, equity ownership, and performance-based incentives. Another type is the Key Management Personnel Compensation (DMPC) plan, which includes mid-level managers and supervisors who hold critical positions within their respective agencies. The DMPC plan aims to reward and motivate these individuals by providing competitive salary packages, performance-based incentives, retirement benefits, and professional development opportunities. Attachments associated with the Kansas Compensation Program for Officers and Certain Key Management Personnel may include detailed job descriptions and specifications for various positions covered under the program. These attachments outline the roles, responsibilities, and qualifications required for officers and key management personnel, ensuring that the compensation program aligns with the specific demands and expectations of the respective positions. Additionally, attachments could include guidelines for performance evaluations and metrics used to assess the performance of officers and key management personnel. These documents help measure and benchmark performance, which ultimately affects compensation adjustments and incentive structures. Moreover, the program may offer attachments related to benefits and retirement plans available to officers and certain key management personnel. These documents provide comprehensive details regarding health insurance coverage, retirement contributions, vacation and sick leave accruals, as well as other perks and allowances that contribute to the overall compensation package. Overall, the Kansas Compensation Program for Officers and Certain Key Management Personnel aims to attract, motivate, and retain highly qualified professionals who play vital roles in driving organizational success. By offering competitive compensation and benefits packages, this program ensures that officers and key management personnel remain dedicated, efficient, and accountable for their respective responsibilities within government agencies and organizations in the state of Kansas.
Kansas Compensation Program for Officers and Certain Key Management Personnel with attachments
State:
Multi-State
Control #:
US-CC-20-297D
Format:
Word;
Rich Text
Instant download
Description
20-297D 20-297D . . . Compensation Program for Officers and Certain Key Management Personnel which is administered by Chief Executive Officer with approval of Compensation Committee. Participants receive variable compensation tied directly to achievement of key corporate-wide objectives. Participants fall within either Band A, Band B, or Band C depending on nature of their positions and their impact on corporation. Opportunities for variable compensation awards vary depending upon which "Band" participant falls into. Awards can range from 12.5% to 75% of base salaries. Plan provides that awards will not be paid unless earnings, after subtracting variable compensation, are greater than dividends paid in year for which variable compensation is to be awarded. Awards are paid in cash, stock grants and restricted stock (no transferability during first five years after grant and forfeiture of stock upon termination of employment, except for retirement, death or disability, during first years after grant)
Kansas Compensation Program for Officers and Certain Key Management Personnel (KCP-OCKMP) is a comprehensive framework established by the state of Kansas to provide competitive compensation and benefits to officers and key management personnel in various government agencies and organizations. This program aims to attract and retain high-performing professionals who play pivotal roles in securing efficient and effective operations while ensuring accountability and transparency. One type of compensation program offered under KCP-OCKMP is referred to as the Executive Officer Compensation (EOC) plan. This plan focuses on the top-level executives, including agency heads, directors, and senior management roles responsible for strategic decision-making and overall organizational performance. The EOC plan encompasses a variety of compensation components, such as salary, bonuses, deferred compensation, equity ownership, and performance-based incentives. Another type is the Key Management Personnel Compensation (DMPC) plan, which includes mid-level managers and supervisors who hold critical positions within their respective agencies. The DMPC plan aims to reward and motivate these individuals by providing competitive salary packages, performance-based incentives, retirement benefits, and professional development opportunities. Attachments associated with the Kansas Compensation Program for Officers and Certain Key Management Personnel may include detailed job descriptions and specifications for various positions covered under the program. These attachments outline the roles, responsibilities, and qualifications required for officers and key management personnel, ensuring that the compensation program aligns with the specific demands and expectations of the respective positions. Additionally, attachments could include guidelines for performance evaluations and metrics used to assess the performance of officers and key management personnel. These documents help measure and benchmark performance, which ultimately affects compensation adjustments and incentive structures. Moreover, the program may offer attachments related to benefits and retirement plans available to officers and certain key management personnel. These documents provide comprehensive details regarding health insurance coverage, retirement contributions, vacation and sick leave accruals, as well as other perks and allowances that contribute to the overall compensation package. Overall, the Kansas Compensation Program for Officers and Certain Key Management Personnel aims to attract, motivate, and retain highly qualified professionals who play vital roles in driving organizational success. By offering competitive compensation and benefits packages, this program ensures that officers and key management personnel remain dedicated, efficient, and accountable for their respective responsibilities within government agencies and organizations in the state of Kansas.
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