Louisiana 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 Louisiana Management Long Term Incentive Compensation Plan is a comprehensive reward program implemented by Suncorp, a leading energy company operating in Louisiana. This plan aims to provide a performance-based incentive structure for the company's management team, motivating them to achieve strategic objectives and enhance shareholder value. This compensation plan comprises various components, including stock options, restricted stock units (RSS), performance shares, and cash incentives. These incentives are designed to align the interests of management with those of the company's shareholders, fostering long-term growth and success. Stock options are one type of incentive offered under the plan. These options give eligible managers the right to buy a specific number of company shares at a predetermined price, known as the exercise price. By granting stock options, the company encourages managers to drive the company's stock price upward to derive personal financial gains. Restricted stock units (RSS) are another form of compensation available within the plan. RSS grant eligible managers the right to receive company stock, typically subject to certain restrictions. These restrictions ensure that managers continue to contribute and meet performance targets before unlocking the RSU's full value. Performance shares are a component of the Louisiana Management Long Term Incentive Compensation Plan that ties rewards directly to the company's performance metrics. The number of performance shares granted to a manager depends on achieving predetermined financial goals or operational milestones. Performance shares promote accountability and encourage managers to work towards enhancing the company's overall performance. Additionally, cash incentives may also be included under the Louisiana Management Long Term Incentive Compensation Plan. These incentives are typically provided in the form of annual or long-term cash bonuses, based on the achievement of specific targets or individual performance goals. Cash incentives offer immediate financial rewards, motivating managers to excel in their respective roles and contribute to the company's growth trajectory. Overall, the Louisiana Management Long Term Incentive Compensation Plan of Suncorp offers a comprehensive suite of incentives including stock options, RSS, performance shares, and cash incentives. By combining these components, the company aims to reward its management team for their long-term commitment, drive exceptional performance, and align their interests with those of shareholders.

The Louisiana Management Long Term Incentive Compensation Plan is a comprehensive reward program implemented by Suncorp, a leading energy company operating in Louisiana. This plan aims to provide a performance-based incentive structure for the company's management team, motivating them to achieve strategic objectives and enhance shareholder value. This compensation plan comprises various components, including stock options, restricted stock units (RSS), performance shares, and cash incentives. These incentives are designed to align the interests of management with those of the company's shareholders, fostering long-term growth and success. Stock options are one type of incentive offered under the plan. These options give eligible managers the right to buy a specific number of company shares at a predetermined price, known as the exercise price. By granting stock options, the company encourages managers to drive the company's stock price upward to derive personal financial gains. Restricted stock units (RSS) are another form of compensation available within the plan. RSS grant eligible managers the right to receive company stock, typically subject to certain restrictions. These restrictions ensure that managers continue to contribute and meet performance targets before unlocking the RSU's full value. Performance shares are a component of the Louisiana Management Long Term Incentive Compensation Plan that ties rewards directly to the company's performance metrics. The number of performance shares granted to a manager depends on achieving predetermined financial goals or operational milestones. Performance shares promote accountability and encourage managers to work towards enhancing the company's overall performance. Additionally, cash incentives may also be included under the Louisiana Management Long Term Incentive Compensation Plan. These incentives are typically provided in the form of annual or long-term cash bonuses, based on the achievement of specific targets or individual performance goals. Cash incentives offer immediate financial rewards, motivating managers to excel in their respective roles and contribute to the company's growth trajectory. Overall, the Louisiana Management Long Term Incentive Compensation Plan of Suncorp offers a comprehensive suite of incentives including stock options, RSS, performance shares, and cash incentives. By combining these components, the company aims to reward its management team for their long-term commitment, drive exceptional performance, and align their interests with those of shareholders.