Missouri 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 Missouri Officer Long Term Incentive Compensation Plan for Southern California Edison Co. is a program designed to provide long-term incentives for officers of the company located in Missouri. This plan aims to attract and retain top talent by offering competitive compensation packages that align the interests of the officers with the long-term success of the company. Here are some details about the various types of Missouri Officer Long-Term Incentive Compensation Plans offered by Southern California Edison Co.: 1. Performance-based Stock Options: This type of plan grants officers the right to purchase company stock at a predetermined price over a specified period. The price is often based on the performance of the company and its stock value, providing officers with the opportunity to benefit from the company's success. 2. Restricted Stock Units (RSS): Under this plan, officers receive shares of company stock that are subject to certain vesting conditions. These conditions may include meeting specified performance goals, remaining employed with the company for a certain period, or achieving other predetermined milestones. Once the conditions are met, the officers gain ownership of the shares. 3. Performance Share Units (Plus): Similar to RSS, Plus grant officers the opportunity to receive shares of company stock based on achieving specific performance goals. The number of shares awarded is typically determined by the level of performance attained by both the company and the individuals. 4. Long-Term Cash Incentives: In addition to stock-based incentives, officers may also be eligible for long-term cash incentives. These may come in the form of cash bonuses or additional compensation tied to the company's financial performance over an extended period. The Missouri Officer Long Term Incentive Compensation Plan aims to ensure that the interests of the officers remain aligned with the success and growth of Southern California Edison Co. By offering a range of stock options, RSS, Plus, and cash incentives, the company can motivate and retain talented officers while creating a performance-driven culture.

The Missouri Officer Long Term Incentive Compensation Plan for Southern California Edison Co. is a program designed to provide long-term incentives for officers of the company located in Missouri. This plan aims to attract and retain top talent by offering competitive compensation packages that align the interests of the officers with the long-term success of the company. Here are some details about the various types of Missouri Officer Long-Term Incentive Compensation Plans offered by Southern California Edison Co.: 1. Performance-based Stock Options: This type of plan grants officers the right to purchase company stock at a predetermined price over a specified period. The price is often based on the performance of the company and its stock value, providing officers with the opportunity to benefit from the company's success. 2. Restricted Stock Units (RSS): Under this plan, officers receive shares of company stock that are subject to certain vesting conditions. These conditions may include meeting specified performance goals, remaining employed with the company for a certain period, or achieving other predetermined milestones. Once the conditions are met, the officers gain ownership of the shares. 3. Performance Share Units (Plus): Similar to RSS, Plus grant officers the opportunity to receive shares of company stock based on achieving specific performance goals. The number of shares awarded is typically determined by the level of performance attained by both the company and the individuals. 4. Long-Term Cash Incentives: In addition to stock-based incentives, officers may also be eligible for long-term cash incentives. These may come in the form of cash bonuses or additional compensation tied to the company's financial performance over an extended period. The Missouri Officer Long Term Incentive Compensation Plan aims to ensure that the interests of the officers remain aligned with the success and growth of Southern California Edison Co. By offering a range of stock options, RSS, Plus, and cash incentives, the company can motivate and retain talented officers while creating a performance-driven culture.