Minnesota 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 Minnesota Officer Long Term Incentive Compensation Plan for Southern California Edison Co. is a comprehensive program designed to reward and retain high-performing officers within the company. This plan offers competitive incentives to officers based in Minnesota, providing them with attractive compensation packages that align with the company's long-term goals and performance objectives. The plan aims to motivate and incentivize officers to drive Southern California Edison Co.'s growth and success by offering various long-term compensation components. These include stock options, restricted stock units (RSS), performance-based cash bonuses, and other equity-based awards. The stock options granted under the Minnesota Officer Long Term Incentive Compensation Plan provide officers with the right to purchase a certain number of shares of Southern California Edison Co. stock at a predetermined exercise price. This allows officers to benefit from any potential increase in the company's stock value over time. Restricted stock units (RSS) are another key component of the plan. RSS represents a promise to deliver a certain number of Southern California Edison Co. shares to officers at a specified future date or upon achievement of predetermined performance criteria. The RSS typically vest over a multi-year period, encouraging officers to stay with the company and contribute to its sustained growth. In addition to stock options and RSS, the compensation plan may also offer performance-based cash bonuses. These bonuses are tied to the company's overall performance, as well as individual and team-based objectives. By aligning incentives with key metrics and goals, the plan aims to foster a culture of excellence and reward officers for their contributions to Southern California Edison Co.'s overall success. It is worth noting that the Minnesota Officer Long Term Incentive Compensation Plan may comprise different variations or tiers based on officers' levels within the company. Such variations could include different grant sizes, vesting schedules, and performance criteria, ensuring that the program meets the specific needs and challenges faced by officers at different organizational levels. Overall, the Minnesota Officer Long Term Incentive Compensation Plan for Southern California Edison Co. serves as a powerful tool to attract and retain top talent, aligning their interests with the company's long-term performance objectives. By providing officers with attractive compensation packages and rewarding them based on their contributions, the plan aims to drive sustainable growth and create value for both the company and its stakeholders.

The Minnesota Officer Long Term Incentive Compensation Plan for Southern California Edison Co. is a comprehensive program designed to reward and retain high-performing officers within the company. This plan offers competitive incentives to officers based in Minnesota, providing them with attractive compensation packages that align with the company's long-term goals and performance objectives. The plan aims to motivate and incentivize officers to drive Southern California Edison Co.'s growth and success by offering various long-term compensation components. These include stock options, restricted stock units (RSS), performance-based cash bonuses, and other equity-based awards. The stock options granted under the Minnesota Officer Long Term Incentive Compensation Plan provide officers with the right to purchase a certain number of shares of Southern California Edison Co. stock at a predetermined exercise price. This allows officers to benefit from any potential increase in the company's stock value over time. Restricted stock units (RSS) are another key component of the plan. RSS represents a promise to deliver a certain number of Southern California Edison Co. shares to officers at a specified future date or upon achievement of predetermined performance criteria. The RSS typically vest over a multi-year period, encouraging officers to stay with the company and contribute to its sustained growth. In addition to stock options and RSS, the compensation plan may also offer performance-based cash bonuses. These bonuses are tied to the company's overall performance, as well as individual and team-based objectives. By aligning incentives with key metrics and goals, the plan aims to foster a culture of excellence and reward officers for their contributions to Southern California Edison Co.'s overall success. It is worth noting that the Minnesota Officer Long Term Incentive Compensation Plan may comprise different variations or tiers based on officers' levels within the company. Such variations could include different grant sizes, vesting schedules, and performance criteria, ensuring that the program meets the specific needs and challenges faced by officers at different organizational levels. Overall, the Minnesota Officer Long Term Incentive Compensation Plan for Southern California Edison Co. serves as a powerful tool to attract and retain top talent, aligning their interests with the company's long-term performance objectives. By providing officers with attractive compensation packages and rewarding them based on their contributions, the plan aims to drive sustainable growth and create value for both the company and its stakeholders.