Mississippi Long Term Incentive Program for Senior Management

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-20-162L
• Format: Word; Rich Text

Description

20-162L 20-162L . . . Long Term Incentive Program For Senior Management under which Compensation Committee may award (a) stock appreciation rights and (b) performance share units. Performance share units entitle holder to receive cash payment equal to (i) average market price of one share of corporation common stock during December ("Measuring Month") in third calendar year following year in which award is made, plus (ii) aggregate dividends with respect to one share of corporation common stock from January 1 of year in which award is made until last day of Measuring Month. At maturity, number of units initially awarded shall be (i) multiplied by fraction that corresponds to average annual percentage increase or decrease in book value per share of corporation common stock over four year period prior to maturity, and (ii) then further adjusted based on ratio of market value of corporation common stock to its book value as compared to that of comparable electric utility companies The Mississippi Long Term Incentive Program for Senior Management is a specialized program designed to attract and retain top talent in the state. This program aims to provide an incentive and reward system for senior executives who contribute to the growth and development of Mississippi. One type of Mississippi Long Term Incentive Program for Senior Management is the Performance-based Stock Option Program, which offers senior executives the opportunity to earn stocks in the company based on their performance. This program aligns the interests of the executives with the long-term success of the organization. By rewarding the executives with company stocks, it ensures their commitment and dedication towards achieving the company's goals. Another type of incentive program is the Deferred Compensation Plan. This plan allows senior management to defer a portion of their annual compensation, which is then invested and grows tax-free until retirement. This type of program not only provides financial security for senior executives in the long run but also encourages them to stay with the company for an extended period, promoting stability and continuity at the management level. Additionally, the Mississippi Long Term Incentive Program for Senior Management may include a Bonus Pool Plan, where a portion of the company's profits is set aside specifically for eligible senior managers. The bonus pool can be distributed based on predetermined criteria such as individual performance, team achievement, or company-wide financial goals. This type of program serves as a motivator for senior managers to consistently perform at their best and contribute to the overall success of the organization. Keywords: Mississippi, Long Term Incentive Program, Senior Management, talent, attract, retain, performance-based stock option program, stocks, commitment, dedication, deferred compensation plan, financial security, retirement, stability, continuity, bonus pool plan, profits, eligible senior managers, individual performance, team achievement, company-wide goals.

The Mississippi Long Term Incentive Program for Senior Management is a specialized program designed to attract and retain top talent in the state. This program aims to provide an incentive and reward system for senior executives who contribute to the growth and development of Mississippi. One type of Mississippi Long Term Incentive Program for Senior Management is the Performance-based Stock Option Program, which offers senior executives the opportunity to earn stocks in the company based on their performance. This program aligns the interests of the executives with the long-term success of the organization. By rewarding the executives with company stocks, it ensures their commitment and dedication towards achieving the company's goals. Another type of incentive program is the Deferred Compensation Plan. This plan allows senior management to defer a portion of their annual compensation, which is then invested and grows tax-free until retirement. This type of program not only provides financial security for senior executives in the long run but also encourages them to stay with the company for an extended period, promoting stability and continuity at the management level. Additionally, the Mississippi Long Term Incentive Program for Senior Management may include a Bonus Pool Plan, where a portion of the company's profits is set aside specifically for eligible senior managers. The bonus pool can be distributed based on predetermined criteria such as individual performance, team achievement, or company-wide financial goals. This type of program serves as a motivator for senior managers to consistently perform at their best and contribute to the overall success of the organization. Keywords: Mississippi, Long Term Incentive Program, Senior Management, talent, attract, retain, performance-based stock option program, stocks, commitment, dedication, deferred compensation plan, financial security, retirement, stability, continuity, bonus pool plan, profits, eligible senior managers, individual performance, team achievement, company-wide goals.