New Hampshire 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 New Hampshire Long Term Incentive Program for Senior Management is a unique initiative aimed at attracting and retaining top talent in organizations within the state. This program seeks to encourage and reward senior executives for their long-term dedication, contribution, and commitment to the growth and success of their respective organizations. By offering attractive incentives, companies can motivate their senior management team to align their goals with the company's strategic objectives. One type of the New Hampshire Long Term Incentive Program for Senior Management is the Performance-based Stock Options Plan. This plan allows senior executives to purchase company stock at a predetermined price, known as the strike price, within a specified time frame. The stock options are typically granted over a multi-year period, encouraging long-term commitment and performance-driven results. As the company's stock value increases, executives can exercise their options, selling the stock at a profit. Another type of program is the Restricted Stock Units (RSS) plan. Under this arrangement, senior managers are granted a specified number of company shares, which are subject to a vesting schedule. The vesting period can span over several years, ensuring that executives remain committed to the company's long-term success. Once the vesting requirements are met, executives gain ownership of the stock units, providing them with a stake in the company's performance. Additionally, some organizations may offer Performance Cash Bonus Plans as part of the New Hampshire Long Term Incentive Program for Senior Management. These plans are designed to reward executives based on specific performance metrics, such as financial targets, profitability, or revenue growth. A portion of the executive's bonus may be deferred and paid out over the long term, promoting sustained performance and encouraging managers to enhance company value throughout their tenure. By implementing the New Hampshire Long Term Incentive Program for Senior Management, organizations can foster a culture of loyalty and engagement among their top executives. This program acknowledges the critical role senior managers play in driving sustainable growth and allows them to benefit directly from the company's success. The various types of programs, such as Performance-based Stock Options, Restricted Stock Units, and Performance Cash Bonus Plans, cater to different senior management preferences while aligning their individual goals with the long-term success of the organization.

The New Hampshire Long Term Incentive Program for Senior Management is a unique initiative aimed at attracting and retaining top talent in organizations within the state. This program seeks to encourage and reward senior executives for their long-term dedication, contribution, and commitment to the growth and success of their respective organizations. By offering attractive incentives, companies can motivate their senior management team to align their goals with the company's strategic objectives. One type of the New Hampshire Long Term Incentive Program for Senior Management is the Performance-based Stock Options Plan. This plan allows senior executives to purchase company stock at a predetermined price, known as the strike price, within a specified time frame. The stock options are typically granted over a multi-year period, encouraging long-term commitment and performance-driven results. As the company's stock value increases, executives can exercise their options, selling the stock at a profit. Another type of program is the Restricted Stock Units (RSS) plan. Under this arrangement, senior managers are granted a specified number of company shares, which are subject to a vesting schedule. The vesting period can span over several years, ensuring that executives remain committed to the company's long-term success. Once the vesting requirements are met, executives gain ownership of the stock units, providing them with a stake in the company's performance. Additionally, some organizations may offer Performance Cash Bonus Plans as part of the New Hampshire Long Term Incentive Program for Senior Management. These plans are designed to reward executives based on specific performance metrics, such as financial targets, profitability, or revenue growth. A portion of the executive's bonus may be deferred and paid out over the long term, promoting sustained performance and encouraging managers to enhance company value throughout their tenure. By implementing the New Hampshire Long Term Incentive Program for Senior Management, organizations can foster a culture of loyalty and engagement among their top executives. This program acknowledges the critical role senior managers play in driving sustainable growth and allows them to benefit directly from the company's success. The various types of programs, such as Performance-based Stock Options, Restricted Stock Units, and Performance Cash Bonus Plans, cater to different senior management preferences while aligning their individual goals with the long-term success of the organization.