Maryland Senior Management Executive Incentive Plan of the Dexter Corp.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-20-157
• Format: Word; Rich Text

Description

20-157 20-157 . . . Senior Management Executive Incentive Plan under which Compensation Committee designates and establishes (a) individuals who will be participants in Plan during performance period, (b) Performance Target under one or more of Performance Criteria which must be attained in order for a participant to receive an Award, and (c) percentage of each participant's base salary that he or she would earn as an Award for that Performance Period if the Performance Target is attained. The Performance Criteria are (i) earnings per share, (ii) return on equity, (iii) revenues, (iv) division contribution and (v) any combination of these measures The Maryland Senior Management Executive Incentive Plan of the Dexter Corp. is a comprehensive compensation program designed to attract, motivate, and retain high-performing senior executives within the organization. This plan aims to align the interests of the executives with the company's overall strategic goals and objectives. By providing a competitive compensation package that includes both short-term and long-term incentives, the plan ensures that senior management is rewarded for their outstanding performance and contribution to the company's success. Under the Maryland Senior Management Executive Incentive Plan, there are several types of incentives offered to executives, each tailored to their specific roles and responsibilities. These incentives may include: 1. Annual Performance Bonuses: Executives have the opportunity to earn annual performance bonuses based on their individual and team performance metrics. These bonuses are typically tied to the company's financial and operational targets, and are designed to reward executives for achieving or exceeding their objectives. 2. Long-Term Incentive Plans: To foster long-term commitment and performance, the plan offers various long-term incentives such as stock options, restricted stock units (RSS), or performance share units (Plus). These incentives typically have a vesting period that encourages executives to remain with the company over the long run to receive the full benefits. 3. Equity Participation: Senior executives may be granted equity ownership in the company to further align their interests with the overall success of the organization. This equity participation can provide executives with the opportunity to benefit from the company's growth and increase shareholder value. 4. Performance-Based Awards: In certain cases, exceptional performers may be eligible for performance-based awards such as one-time cash bonuses or special stock grants. These awards are given to acknowledge and reward executives who have significantly contributed to the company's performance beyond regular expectations. 5. Deferred Compensation: The plan may also include provisions for deferred compensation, allowing executives to defer a portion of their annual salary or bonus into a separate account to be paid out at a later date, typically upon retirement or a predetermined milestone. It is important to note that the specifics of the Maryland Senior Management Executive Incentive Plan may vary based on individual executive's roles, seniority, and overall company performance. The plan is regularly reviewed and updated by the Dexter Corp. to ensure its continued effectiveness in attracting, motivating, and retaining top talent in senior management positions.

The Maryland Senior Management Executive Incentive Plan of the Dexter Corp. is a comprehensive compensation program designed to attract, motivate, and retain high-performing senior executives within the organization. This plan aims to align the interests of the executives with the company's overall strategic goals and objectives. By providing a competitive compensation package that includes both short-term and long-term incentives, the plan ensures that senior management is rewarded for their outstanding performance and contribution to the company's success. Under the Maryland Senior Management Executive Incentive Plan, there are several types of incentives offered to executives, each tailored to their specific roles and responsibilities. These incentives may include: 1. Annual Performance Bonuses: Executives have the opportunity to earn annual performance bonuses based on their individual and team performance metrics. These bonuses are typically tied to the company's financial and operational targets, and are designed to reward executives for achieving or exceeding their objectives. 2. Long-Term Incentive Plans: To foster long-term commitment and performance, the plan offers various long-term incentives such as stock options, restricted stock units (RSS), or performance share units (Plus). These incentives typically have a vesting period that encourages executives to remain with the company over the long run to receive the full benefits. 3. Equity Participation: Senior executives may be granted equity ownership in the company to further align their interests with the overall success of the organization. This equity participation can provide executives with the opportunity to benefit from the company's growth and increase shareholder value. 4. Performance-Based Awards: In certain cases, exceptional performers may be eligible for performance-based awards such as one-time cash bonuses or special stock grants. These awards are given to acknowledge and reward executives who have significantly contributed to the company's performance beyond regular expectations. 5. Deferred Compensation: The plan may also include provisions for deferred compensation, allowing executives to defer a portion of their annual salary or bonus into a separate account to be paid out at a later date, typically upon retirement or a predetermined milestone. It is important to note that the specifics of the Maryland Senior Management Executive Incentive Plan may vary based on individual executive's roles, seniority, and overall company performance. The plan is regularly reviewed and updated by the Dexter Corp. to ensure its continued effectiveness in attracting, motivating, and retaining top talent in senior management positions.