Montana Management Long Term Incentive Compensation Plan of of SCEcorp

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-18-268B
• Format: Word; Rich Text

Description

18-268B 18-268B . . . Management 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 Montana Management Long Term Incentive Compensation Plan offered by Suncorp is a comprehensive program designed to attract and retain top talent within the organization using performance-based incentives. This plan aims to align the interests of the management team with the long-term goals and success of Suncorp. Here's an overview of the different types of Montana Management Long Term Incentive Compensation Plans available: 1. Montana Management TIP (Stock Options): — Stock options are a key component of the Montana Management TIP, providing participants with the opportunity to purchase a specific number of shares at a predetermined price. The options typically vest over a specified period, incentivizing participants to drive the long-term performance and growth of Suncorp. 2. Montana Management LTIP (Restricted Stock Units — RSUs): - Restricted Stock Units are grants of company stock that vest over a certain period and are subject to specific performance criteria. RSS is an attractive part of the Montana Management Long Term Incentive Compensation Plan, motivating the management team to deliver strong results and enhance shareholder value. 3. Montana Management TIP (Performance Share Units — PSUs): - Performance Share Units are awarded based on predetermined performance metrics, such as financial goals, revenue growth targets, or other key performance indicators. Plus provide an opportunity for participants to earn additional shares upon achievement of specified performance targets. They aim to drive performance-driven behavior and align the management team with the long-term interests of Suncorp. 4. Montana Management TIP (Cash-Based Incentive Plans): — In addition to equity-based incentives, the Montana Management Long Term Incentive Compensation Plan may include cash bonuses tied to specific performance objectives. These cash-based incentive plans provide tangible rewards for achieving short-term goals that contribute to the long-term success of Suncorp. Overall, the Montana Management Long Term Incentive Compensation Plan is a comprehensive package that combines various equity-based and cash-based incentives to motivate and reward the management team for achieving key performance objectives. By aligning the interests of management with the overall success of Suncorp, this plan aims to drive sustainable growth and shareholder value.

The Montana Management Long Term Incentive Compensation Plan offered by Suncorp is a comprehensive program designed to attract and retain top talent within the organization using performance-based incentives. This plan aims to align the interests of the management team with the long-term goals and success of Suncorp. Here's an overview of the different types of Montana Management Long Term Incentive Compensation Plans available: 1. Montana Management TIP (Stock Options): — Stock options are a key component of the Montana Management TIP, providing participants with the opportunity to purchase a specific number of shares at a predetermined price. The options typically vest over a specified period, incentivizing participants to drive the long-term performance and growth of Suncorp. 2. Montana Management LTIP (Restricted Stock Units — RSUs): - Restricted Stock Units are grants of company stock that vest over a certain period and are subject to specific performance criteria. RSS is an attractive part of the Montana Management Long Term Incentive Compensation Plan, motivating the management team to deliver strong results and enhance shareholder value. 3. Montana Management TIP (Performance Share Units — PSUs): - Performance Share Units are awarded based on predetermined performance metrics, such as financial goals, revenue growth targets, or other key performance indicators. Plus provide an opportunity for participants to earn additional shares upon achievement of specified performance targets. They aim to drive performance-driven behavior and align the management team with the long-term interests of Suncorp. 4. Montana Management TIP (Cash-Based Incentive Plans): — In addition to equity-based incentives, the Montana Management Long Term Incentive Compensation Plan may include cash bonuses tied to specific performance objectives. These cash-based incentive plans provide tangible rewards for achieving short-term goals that contribute to the long-term success of Suncorp. Overall, the Montana Management Long Term Incentive Compensation Plan is a comprehensive package that combines various equity-based and cash-based incentives to motivate and reward the management team for achieving key performance objectives. By aligning the interests of management with the overall success of Suncorp, this plan aims to drive sustainable growth and shareholder value.