Maine 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 Maine Officer Long Term Incentive Compensation Plan is an integral part of Southern California Edison Co.'s compensation structure for high-ranking executives based in Maine. This comprehensive plan is designed to incentivize and reward the company's officers for their long-term performance and contributions to the organization's success. It includes various types of incentives and benefits aimed at retaining top talent and aligning their interests with the company's goals. Keywords: Maine Officer Long Term Incentive Compensation Plan, Southern California Edison Co., compensation structure, executives, incentivize, reward, long-term performance, contributions, success, benefits, top talent, interests, goals. There are different types of Maine Officer Long Term Incentive Compensation Plans available for Southern California Edison Co.'s officers in Maine. These plans may include: 1. Performance-based Stock Units: Officers may be granted performance-based stock units that represent a certain number of shares of Southern California Edison Co.'s stock. The number of units awarded typically depends on individual and company performance metrics over a designated performance period. 2. Restricted Stock Units: The plan may also provide officers with restricted stock units, which are shares of the company's stock that are subject to certain restrictions or conditions. These restrictions may include a vesting schedule, performance targets, or continuous employment with the company. 3. Cash Bonuses: In addition to stock-based incentives, the plan may offer cash bonuses to officers based on their performance and achievement of predetermined financial or operational goals. These bonuses can provide immediate financial rewards to participants. 4. Long-Term Performance Awards: Another component of the plan may include long-term performance awards, such as performance shares or phantom equity. These awards are typically tied to specific performance targets and aim to reward officers for their sustained contribution to the company's long-term growth and profitability. 5. Performance Units: Some variations of the plan may utilize performance units, which are similar to performance-based stock units. These units may be structured to provide officers with a payout based on the attainment of predetermined performance goals. 6. Multi-Year Incentive Plans: To encourage long-term commitment and stability, the plan may incorporate multi-year incentive plans. These plans offer officers the opportunity to earn incentives over a span of multiple years, providing them with a continuous motivation to drive the company's long-term success. It's important to note that the specific details, terms, and conditions of the Maine Officer Long Term Incentive Compensation Plan may vary based on the needs and objectives of Southern California Edison Co. It is recommended that officers consult the official plan documents and speak with their Human Resources representatives to obtain complete and accurate information regarding their individual eligibility and entitlements under the plan.

The Maine Officer Long Term Incentive Compensation Plan is an integral part of Southern California Edison Co.'s compensation structure for high-ranking executives based in Maine. This comprehensive plan is designed to incentivize and reward the company's officers for their long-term performance and contributions to the organization's success. It includes various types of incentives and benefits aimed at retaining top talent and aligning their interests with the company's goals. Keywords: Maine Officer Long Term Incentive Compensation Plan, Southern California Edison Co., compensation structure, executives, incentivize, reward, long-term performance, contributions, success, benefits, top talent, interests, goals. There are different types of Maine Officer Long Term Incentive Compensation Plans available for Southern California Edison Co.'s officers in Maine. These plans may include: 1. Performance-based Stock Units: Officers may be granted performance-based stock units that represent a certain number of shares of Southern California Edison Co.'s stock. The number of units awarded typically depends on individual and company performance metrics over a designated performance period. 2. Restricted Stock Units: The plan may also provide officers with restricted stock units, which are shares of the company's stock that are subject to certain restrictions or conditions. These restrictions may include a vesting schedule, performance targets, or continuous employment with the company. 3. Cash Bonuses: In addition to stock-based incentives, the plan may offer cash bonuses to officers based on their performance and achievement of predetermined financial or operational goals. These bonuses can provide immediate financial rewards to participants. 4. Long-Term Performance Awards: Another component of the plan may include long-term performance awards, such as performance shares or phantom equity. These awards are typically tied to specific performance targets and aim to reward officers for their sustained contribution to the company's long-term growth and profitability. 5. Performance Units: Some variations of the plan may utilize performance units, which are similar to performance-based stock units. These units may be structured to provide officers with a payout based on the attainment of predetermined performance goals. 6. Multi-Year Incentive Plans: To encourage long-term commitment and stability, the plan may incorporate multi-year incentive plans. These plans offer officers the opportunity to earn incentives over a span of multiple years, providing them with a continuous motivation to drive the company's long-term success. It's important to note that the specific details, terms, and conditions of the Maine Officer Long Term Incentive Compensation Plan may vary based on the needs and objectives of Southern California Edison Co. It is recommended that officers consult the official plan documents and speak with their Human Resources representatives to obtain complete and accurate information regarding their individual eligibility and entitlements under the plan.