Massachusetts Officer Long Term Incentive Compensation Plan for Southern California Edison Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-18-266C
• Format: Word; Rich Text

Description

18-266C 18-266C . . . Officer 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 Massachusetts Officer Long Term Incentive Compensation Plans for Southern California Edison Co. are designed to provide attractive incentives to officers over an extended period of time. These plans aim to reward and retain top talent within the organization, ensuring the company's long-term success. By implementing these plans, Southern California Edison Co. can motivate officers to achieve strategic goals and enhance the company's overall performance. The Massachusetts Officer Long Term Incentive Compensation Plans for Southern California Edison Co. can be categorized into two main types: 1. Performance-based Stock Option Plan: This plan offers officers the opportunity to receive stock options based on their performance and contribution towards the company's objectives. The stock options are granted at a predetermined exercise price, allowing officers to purchase the company's stock in the future. These stock options usually have a vesting period, encouraging officers to remain with the company in the long run. By offering stock options, Southern California Edison Co. aligns the interests of its officers with those of the shareholders, promoting a sense of ownership and dedication. 2. Performance Share Units (Plus) Plan: Under this plan, officers are granted performance share units, which are essentially notional units representing shares of the company's stock. The number of Plus awarded to an officer is determined by the achievement of predetermined performance goals. These goals may be financial, operational, or strategic in nature and are set to drive the company's success. The Plus have a vesting period during which officers need to remain employed by the company to receive the benefits. Once vested, officers are entitled to receive the actual shares of the company's stock. In summary, the Massachusetts Officer Long Term Incentive Compensation Plans for Southern California Edison Co. are designed to provide officers with long-term incentives in the form of stock options and performance share units. These plans help attract and retain top talent, motivating officers to contribute to the company's success and aligning their interests with those of the shareholders. Through these compensation plans, Southern California Edison Co. aims to promote sustainable growth and ensure a bright future for the organization.

The Massachusetts Officer Long Term Incentive Compensation Plans for Southern California Edison Co. are designed to provide attractive incentives to officers over an extended period of time. These plans aim to reward and retain top talent within the organization, ensuring the company's long-term success. By implementing these plans, Southern California Edison Co. can motivate officers to achieve strategic goals and enhance the company's overall performance. The Massachusetts Officer Long Term Incentive Compensation Plans for Southern California Edison Co. can be categorized into two main types: 1. Performance-based Stock Option Plan: This plan offers officers the opportunity to receive stock options based on their performance and contribution towards the company's objectives. The stock options are granted at a predetermined exercise price, allowing officers to purchase the company's stock in the future. These stock options usually have a vesting period, encouraging officers to remain with the company in the long run. By offering stock options, Southern California Edison Co. aligns the interests of its officers with those of the shareholders, promoting a sense of ownership and dedication. 2. Performance Share Units (Plus) Plan: Under this plan, officers are granted performance share units, which are essentially notional units representing shares of the company's stock. The number of Plus awarded to an officer is determined by the achievement of predetermined performance goals. These goals may be financial, operational, or strategic in nature and are set to drive the company's success. The Plus have a vesting period during which officers need to remain employed by the company to receive the benefits. Once vested, officers are entitled to receive the actual shares of the company's stock. In summary, the Massachusetts Officer Long Term Incentive Compensation Plans for Southern California Edison Co. are designed to provide officers with long-term incentives in the form of stock options and performance share units. These plans help attract and retain top talent, motivating officers to contribute to the company's success and aligning their interests with those of the shareholders. Through these compensation plans, Southern California Edison Co. aims to promote sustainable growth and ensure a bright future for the organization.