North Dakota 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 North Dakota Management Long Term Incentive Compensation Plan of Suncorp is a comprehensive rewards program designed to incentivize and reward top-performing executives and management professionals within the company. This plan aims to align the interests of these key individuals with the long-term success and growth of Suncorp, a prominent energy and utility company operating in North Dakota. Under this plan, eligible executives and managers are provided with a variety of long-term incentives, which are directly tied to the performance and achievement of specific financial and operational objectives. These incentives serve as a powerful motivator to drive the continuous improvement and sustainable growth of Suncorp, ultimately benefiting both the company and its shareholders. The North Dakota Management Long Term Incentive Compensation Plan offers several types of incentives, each tailored to reward different aspects of performance and achievement. These may include: 1. Stock Options: Executives and managers may be granted stock options that provide the right to purchase shares of Suncorp at a predetermined price within a specified timeframe. The value of these options increases as the company's stock price rises, providing participants with a direct stake in the company's financial success. 2. Performance Shares: Participants may also receive performance shares, which are awarded based on the achievement of specific performance targets and goals. These shares typically vest over a certain period and are subject to performance-based metrics such as earnings per share growth, revenue expansion, or operational efficiency improvements. 3. Restricted Stock Units (RSS): Another type of incentive offered through this plan is RSS, which represent a promise to receive a certain number of shares of Suncorp stock upon meeting predetermined conditions, such as remaining with the company for a specific period or achieving performance targets. RSS offer participants a sense of ownership and provide a potential long-term financial reward. 4. Cash Bonuses: In addition to equity-based incentives, this plan may also include cash bonuses tied to the attainment of specific financial or operational goals. These bonuses can be a motivating factor for executives and managers to work towards achieving exceptional results, promoting a culture of high performance and accountability within the organization. By offering a comprehensive range of long-term incentives, the North Dakota Management Long Term Incentive Compensation Plan of Suncorp aims to attract, retain, and motivate top executive and management talent critical to the company's success. Through the use of stock options, performance shares, restricted stock units, and cash bonuses, Suncorp seeks to foster a culture of excellence and drive sustainable growth in the North Dakota energy and utility industry.

The North Dakota Management Long Term Incentive Compensation Plan of Suncorp is a comprehensive rewards program designed to incentivize and reward top-performing executives and management professionals within the company. This plan aims to align the interests of these key individuals with the long-term success and growth of Suncorp, a prominent energy and utility company operating in North Dakota. Under this plan, eligible executives and managers are provided with a variety of long-term incentives, which are directly tied to the performance and achievement of specific financial and operational objectives. These incentives serve as a powerful motivator to drive the continuous improvement and sustainable growth of Suncorp, ultimately benefiting both the company and its shareholders. The North Dakota Management Long Term Incentive Compensation Plan offers several types of incentives, each tailored to reward different aspects of performance and achievement. These may include: 1. Stock Options: Executives and managers may be granted stock options that provide the right to purchase shares of Suncorp at a predetermined price within a specified timeframe. The value of these options increases as the company's stock price rises, providing participants with a direct stake in the company's financial success. 2. Performance Shares: Participants may also receive performance shares, which are awarded based on the achievement of specific performance targets and goals. These shares typically vest over a certain period and are subject to performance-based metrics such as earnings per share growth, revenue expansion, or operational efficiency improvements. 3. Restricted Stock Units (RSS): Another type of incentive offered through this plan is RSS, which represent a promise to receive a certain number of shares of Suncorp stock upon meeting predetermined conditions, such as remaining with the company for a specific period or achieving performance targets. RSS offer participants a sense of ownership and provide a potential long-term financial reward. 4. Cash Bonuses: In addition to equity-based incentives, this plan may also include cash bonuses tied to the attainment of specific financial or operational goals. These bonuses can be a motivating factor for executives and managers to work towards achieving exceptional results, promoting a culture of high performance and accountability within the organization. By offering a comprehensive range of long-term incentives, the North Dakota Management Long Term Incentive Compensation Plan of Suncorp aims to attract, retain, and motivate top executive and management talent critical to the company's success. Through the use of stock options, performance shares, restricted stock units, and cash bonuses, Suncorp seeks to foster a culture of excellence and drive sustainable growth in the North Dakota energy and utility industry.