Oregon Long Term Incentive Plan of Life Re Corp.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-20-121
• Format: Word; Rich Text

Description

20-121 20-121 . . . Long-Term Incentive Plan for three executives of corporation. Material terms of performance goals established for participants are based upon results of certain transactions including acquisitions of assets, blocks of business, or other entities, mergers, or gains from the disposition of certain investments (Triggering Event). A bonus pool is created upon occurrence of each Triggering Event to be divided among participants according to participation units specified by the Compensation Committee. Pool equals percentage of amount involved in applicable transaction; maximum percentage is five percent of amount involved The Oregon Long Term Incentive Plan (TIP) offered by Life Re Corp. is a comprehensive program designed to attract and retain key employees in the organization. This incentive plan is aimed at motivating employees to contribute to the long-term growth and success of the company while aligning their interests with those of the shareholders. The Oregon TIP emphasizes rewarding sustained performance and loyalty, offering participants a variety of incentives that include equity-based rewards as well as cash bonuses. One of the key components of the Oregon TIP is the equity-based rewards, such as stock options and restricted stock units (RSS). These grants provide eligible employees with the opportunity to own a share of the company's stock, giving them a vested interest in the company's performance and value appreciation over time. Through these equity-based awards, Life Re Corp. aims to create a culture of ownership and alignment among its employees. Additionally, the Oregon TIP may include cash bonuses that are tied to the achievement of predetermined performance objectives. These performance metrics can vary based on the employee's role and position within the company. By linking bonuses to performance, Life Re Corp. encourages employees to strive for excellence and contribute to the company's growth and profitability. The Oregon TIP is available to eligible employees at different levels within Life Re Corp. The plan may have variations based on factors like seniority, responsibilities, and specific performance metrics relevant to each role. These variations ensure that the incentives are tailored to the unique circumstances and objectives of different employee groups within the organization. Overall, the Oregon Long Term Incentive Plan of Life Re Corp. is a comprehensive program that combines both equity-based rewards and cash bonuses to motivate and retain key talent. The plan is designed to foster long-term commitment, performance, and alignment with the company's strategic goals. By offering these incentives, Life Re Corp. aims to position itself as an employer of choice in Oregon, attracting and retaining top talent in the industry.

The Oregon Long Term Incentive Plan (TIP) offered by Life Re Corp. is a comprehensive program designed to attract and retain key employees in the organization. This incentive plan is aimed at motivating employees to contribute to the long-term growth and success of the company while aligning their interests with those of the shareholders. The Oregon TIP emphasizes rewarding sustained performance and loyalty, offering participants a variety of incentives that include equity-based rewards as well as cash bonuses. One of the key components of the Oregon TIP is the equity-based rewards, such as stock options and restricted stock units (RSS). These grants provide eligible employees with the opportunity to own a share of the company's stock, giving them a vested interest in the company's performance and value appreciation over time. Through these equity-based awards, Life Re Corp. aims to create a culture of ownership and alignment among its employees. Additionally, the Oregon TIP may include cash bonuses that are tied to the achievement of predetermined performance objectives. These performance metrics can vary based on the employee's role and position within the company. By linking bonuses to performance, Life Re Corp. encourages employees to strive for excellence and contribute to the company's growth and profitability. The Oregon TIP is available to eligible employees at different levels within Life Re Corp. The plan may have variations based on factors like seniority, responsibilities, and specific performance metrics relevant to each role. These variations ensure that the incentives are tailored to the unique circumstances and objectives of different employee groups within the organization. Overall, the Oregon Long Term Incentive Plan of Life Re Corp. is a comprehensive program that combines both equity-based rewards and cash bonuses to motivate and retain key talent. The plan is designed to foster long-term commitment, performance, and alignment with the company's strategic goals. By offering these incentives, Life Re Corp. aims to position itself as an employer of choice in Oregon, attracting and retaining top talent in the industry.