Oregon Long Term Compensation Plan of Pulte Corp.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-20-114
• Format: Word; Rich Text

Description

20-114 20-114 . . . Long Term Compensation Plan under which the Compensation Committee determines which key employees are eligible to participate and sets target cash compensation for each participant. which is based upon pre-established objective performance goals that use one or more business criteria including: average return on equity, average return on invested capital, pre-tax income and target business mix. A different formula is used for each group of employees such as key home office employees and key field employees

The Oregon Long-Term Compensation Plan of Pulse Corp. is a comprehensive program designed to provide long-term financial incentives to employees, encouraging their loyalty, commitment, and dedication towards achieving the company's goals. This plan aims to reward employees for their contributions, promote retention, and align their interests with the company's long-term success. The Oregon Long-Term Compensation Plan consists of various components, each targeting specific employee groups and roles within the company. These components include: 1. Performance-Based Bonuses: This segment involves performance-based bonuses tied to individual, team, or company-wide objectives. These bonuses are awarded based on the achievement of pre-determined targets, such as revenue growth, project completion, customer satisfaction, or cost reduction. These bonuses help motivate employees to excel in their roles and contribute to the company's overall success. 2. Equity Awards: The plan includes equity awards, such as stock options or restricted stock units (RSS), granted to eligible employees. These awards enable employees to share in the company's ownership and potential future financial growth. Equity awards are typically subject to vesting schedules, ensuring long-term retention and commitment. 3. Deferred Compensation: Pulse Corp.'s Oregon Long-Term Compensation Plan allows employees to defer a portion of their annual compensation for future payout. This provides employees with an opportunity to accumulate savings and enjoy potential tax advantages while planning for their long-term financial goals. 4. Performance Share Units (Plus): Performance Share Units are additional equity-based awards granted to key executives or high-performing employees. These units are tied to specific performance metrics and vest over a specific period, linking the employee's compensation directly to the company's overall performance. 5. Long-Term Incentive Plans: The company may also offer long-term incentive plans, such as cash or equity-based awards, designed to reward employees who achieve extraordinary results or demonstrate exceptional leadership qualities. These plans serve as a means to motivate and retain top talent within the organization. It is important to note that the Oregon Long-Term Compensation Plan of Pulse Corp. may have additional features or variations depending on specific employee groups and roles within the company. By providing a comprehensive and competitive compensation package, Pulse Corp. aims to attract, motivate, and retain skilled individuals who contribute to the company's long-term success.