Oklahoma 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 Oklahoma Long Term Incentive Program for Senior Management is an initiative implemented by the state government to attract and retain senior-level executives in various organizations. This program aims to provide attractive incentives to senior management professionals, encouraging them to contribute their expertise and leadership skills to Oklahoma's economic growth and development. The Oklahoma Long Term Incentive Program for Senior Management offers a range of benefits and rewards to eligible individuals. These incentives are designed to motivate and create loyalty among senior executives, enhancing their commitment to the long-term success of their respective organizations and the state as a whole. Keywords: Oklahoma, Long Term Incentive Program, Senior Management, initiative, attract, retain, executives, organizations, incentives, expertise, leadership skills, economic growth, development, benefits, rewards, eligible individuals, motivate, loyalty, commitment, success, state. Types of Oklahoma Long Term Incentive Programs for Senior Management: 1. Performance-Based Incentive Program: This type of incentive program rewards senior management professionals based on their performance and achievement of predetermined goals and targets. The incentives may include cash bonuses, stock options, or performance-linked rewards. 2. Retention Program: This program focuses on retaining talented senior executives by offering long-term incentives, such as deferred compensation plans or additional retirement benefits. The aim is to provide financial security and encourage loyalty among senior management professionals. 3. Equity-Based Incentive Program: This program grants equity or ownership stakes to senior executives, giving them a share in the organization's success. Equity-based incentives can include stock grants, stock options, or phantom stock plans, providing executives with the potential for substantial financial gain over time. 4. Long-Term Bonus Program: This incentive program offers senior management professionals a bonus payout based on their tenure with the organization. It serves as a reward for their long-term commitment and induces loyalty, motivating them to contribute to the sustained success of their organization. 5. Succession Planning Incentive Program: This program aims to foster the development of internal talent and ensure a smooth leadership transition within organizations. Senior executives who actively participate in mentoring and developing potential successors may receive additional incentives as a recognition of their effort and commitment to the company's long-term sustainability. By implementing these various types of long-term incentive programs, the Oklahoma government seeks to attract and retain qualified senior management professionals who can drive innovation, growth, and economic prosperity within the state. These programs create a competitive advantage for organizations, encouraging top talent to choose Oklahoma as their professional destination and making the state an attractive hub for business and career opportunities.

The Oklahoma Long Term Incentive Program for Senior Management is an initiative implemented by the state government to attract and retain senior-level executives in various organizations. This program aims to provide attractive incentives to senior management professionals, encouraging them to contribute their expertise and leadership skills to Oklahoma's economic growth and development. The Oklahoma Long Term Incentive Program for Senior Management offers a range of benefits and rewards to eligible individuals. These incentives are designed to motivate and create loyalty among senior executives, enhancing their commitment to the long-term success of their respective organizations and the state as a whole. Keywords: Oklahoma, Long Term Incentive Program, Senior Management, initiative, attract, retain, executives, organizations, incentives, expertise, leadership skills, economic growth, development, benefits, rewards, eligible individuals, motivate, loyalty, commitment, success, state. Types of Oklahoma Long Term Incentive Programs for Senior Management: 1. Performance-Based Incentive Program: This type of incentive program rewards senior management professionals based on their performance and achievement of predetermined goals and targets. The incentives may include cash bonuses, stock options, or performance-linked rewards. 2. Retention Program: This program focuses on retaining talented senior executives by offering long-term incentives, such as deferred compensation plans or additional retirement benefits. The aim is to provide financial security and encourage loyalty among senior management professionals. 3. Equity-Based Incentive Program: This program grants equity or ownership stakes to senior executives, giving them a share in the organization's success. Equity-based incentives can include stock grants, stock options, or phantom stock plans, providing executives with the potential for substantial financial gain over time. 4. Long-Term Bonus Program: This incentive program offers senior management professionals a bonus payout based on their tenure with the organization. It serves as a reward for their long-term commitment and induces loyalty, motivating them to contribute to the sustained success of their organization. 5. Succession Planning Incentive Program: This program aims to foster the development of internal talent and ensure a smooth leadership transition within organizations. Senior executives who actively participate in mentoring and developing potential successors may receive additional incentives as a recognition of their effort and commitment to the company's long-term sustainability. By implementing these various types of long-term incentive programs, the Oklahoma government seeks to attract and retain qualified senior management professionals who can drive innovation, growth, and economic prosperity within the state. These programs create a competitive advantage for organizations, encouraging top talent to choose Oklahoma as their professional destination and making the state an attractive hub for business and career opportunities.