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
Louisiana Senior Executive Management Incentive Plan with attachments for The Geon Co.
State:
Multi-State
Control #:
US-CC-20-234
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Senior Executive Management Incentive Plan With Attachments For The Geon Co.?
If you have to full, down load, or printing legal document web templates, use US Legal Forms, the most important collection of legal forms, that can be found on the web. Utilize the site`s basic and practical research to discover the files you will need. Various web templates for business and personal reasons are sorted by types and states, or key phrases. Use US Legal Forms to discover the Louisiana Senior Executive Management Incentive Plan with attachments for The Geon Co. in a couple of click throughs.
Should you be previously a US Legal Forms customer, log in to your profile and click the Download option to find the Louisiana Senior Executive Management Incentive Plan with attachments for The Geon Co.. You can even gain access to forms you earlier downloaded in the My Forms tab of the profile.
Should you use US Legal Forms initially, follow the instructions listed below:
- Step 1. Ensure you have chosen the shape for the correct metropolis/land.
- Step 2. Use the Preview choice to examine the form`s content material. Never neglect to read through the information.
- Step 3. Should you be unhappy with the form, make use of the Look for area near the top of the screen to find other models in the legal form web template.
- Step 4. After you have identified the shape you will need, click on the Purchase now option. Select the costs program you prefer and add your qualifications to sign up for the profile.
- Step 5. Process the financial transaction. You may use your bank card or PayPal profile to accomplish the financial transaction.
- Step 6. Choose the format in the legal form and down load it on your own product.
- Step 7. Comprehensive, revise and printing or indication the Louisiana Senior Executive Management Incentive Plan with attachments for The Geon Co..
Every single legal document web template you purchase is your own for a long time. You have acces to each form you downloaded with your acccount. Click the My Forms portion and select a form to printing or down load again.
Remain competitive and down load, and printing the Louisiana Senior Executive Management Incentive Plan with attachments for The Geon Co. with US Legal Forms. There are millions of skilled and status-specific forms you can use for your personal business or personal demands.
Form popularity
FAQ
A MIP can be either an equity incentive plan or a cash incentive plan. It doesn't always have to result in a company giving away equity, as certain factors may preclude them from doing so. Cash-based plans usually involve either a cash bonus, pension contribution or shadow equity.
Payout Opportunity A Participant's payout target amount under the Plan is determined by pay grade as follows: The range of incentive opportunity for a Plan Participant is 0% to 200% of the Participant's total value target. This means the maximum payout that a Participant can receive from this Plan is 200%.
term incentive plan (LTIP) is a company policy that rewards employees for reaching specific goals that lead to increased shareholder value. In a typical LTIP, the employee, usually an executive, must fulfill various conditions or requirements.
For Senior Executives, MTIP pools are based fully on relative total shareholder return. Long-Term Incentive Plan Encourages executives to generate Stock Options LTIP targets are based on the median for the comparable (LTIP) sustained share price growth over the market and the compensation mix.
term incentive plan (LTIP) is a company policy that rewards employees for reaching specific goals that lead to increased shareholder value. In a typical LTIP, the employee, usually an executive, must fulfill various conditions or requirements.
Payout Opportunity A Participant's payout target amount under the Plan is determined by pay grade as follows: The range of incentive opportunity for a Plan Participant is 0% to 200% of the Participant's total value target. This means the maximum payout that a Participant can receive from this Plan is 200%.
Management Incentive Plan (MIP) is a term most commonly used to refer to the scheme over which the ?sweet equity? pool is allocated to senior management in a privately owned business. The company using a MIP will often be owned by a private equity house.
Management Incentive Plan means the Company's bonus program, as implemented by the Company's board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.
