Oregon 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 Oregon Long-Term Incentive Program for Senior Management is a comprehensive and strategic initiative designed to attract, retain, and motivate skilled executives within organizations operating in the state of Oregon. This program aims to reward senior management employees for their long-term commitment, exceptional performance, and contributions towards achieving the organization's goals and objectives. The program is specifically tailored for senior-level executives who hold key positions within their respective organizations. It offers a variety of incentives and benefits that help align their interests with the long-term success of the company. There are several types of Oregon Long-Term Incentive Programs for Senior Management, each designed to meet the unique needs of different organizations and executives. These programs may include: 1. Stock Options: Stock options provide senior management with the opportunity to purchase company stock at a predetermined price, usually below the market value. This incentive aligns their interests with the shareholders and encourages long-term commitment, as the value of the stock increases over time. 2. Restricted Stock Units (RSS): RSS are a form of equity compensation where senior managers receive a specific number of shares of company stock that vest over a period of time. Unlike stock options, RSS do not require an upfront purchase and ensure that executives have a direct stake in the organization's performance. 3. Performance Shares: Performance shares are grants of company stock that are contingent upon meeting specific performance goals, such as achieving certain financial targets or accomplishing strategic objectives. This type of incentive motivates senior management to drive superior performance, as the value of their shares is directly tied to the organization's success. 4. Cash Bonus Programs: In addition to equity-based incentives, the Oregon Long-Term Incentive Program for Senior Management may include cash bonus programs. Senior executives are eligible for annual or multi-year cash bonuses based on the achievement of predetermined performance metrics or the overall success of the organization. 5. Deferred Compensation Plans: Some organizations offer senior management a deferred compensation plan where a portion of their salary or bonus is deferred until a future date, typically retirement. This provides an additional incentive to remain with the company in the long term and encourages executives to contribute to the sustainable growth of the organization. The Oregon Long-Term Incentive Program for Senior Management is a vital tool for attracting and retaining top talent in the state's competitive business landscape. By offering a range of incentives such as stock options, RSS, performance shares, cash bonus programs, and deferred compensation plans, organizations can motivate senior executives to achieve superior results and drive the long-term success of the company.

The Oregon Long-Term Incentive Program for Senior Management is a comprehensive and strategic initiative designed to attract, retain, and motivate skilled executives within organizations operating in the state of Oregon. This program aims to reward senior management employees for their long-term commitment, exceptional performance, and contributions towards achieving the organization's goals and objectives. The program is specifically tailored for senior-level executives who hold key positions within their respective organizations. It offers a variety of incentives and benefits that help align their interests with the long-term success of the company. There are several types of Oregon Long-Term Incentive Programs for Senior Management, each designed to meet the unique needs of different organizations and executives. These programs may include: 1. Stock Options: Stock options provide senior management with the opportunity to purchase company stock at a predetermined price, usually below the market value. This incentive aligns their interests with the shareholders and encourages long-term commitment, as the value of the stock increases over time. 2. Restricted Stock Units (RSS): RSS are a form of equity compensation where senior managers receive a specific number of shares of company stock that vest over a period of time. Unlike stock options, RSS do not require an upfront purchase and ensure that executives have a direct stake in the organization's performance. 3. Performance Shares: Performance shares are grants of company stock that are contingent upon meeting specific performance goals, such as achieving certain financial targets or accomplishing strategic objectives. This type of incentive motivates senior management to drive superior performance, as the value of their shares is directly tied to the organization's success. 4. Cash Bonus Programs: In addition to equity-based incentives, the Oregon Long-Term Incentive Program for Senior Management may include cash bonus programs. Senior executives are eligible for annual or multi-year cash bonuses based on the achievement of predetermined performance metrics or the overall success of the organization. 5. Deferred Compensation Plans: Some organizations offer senior management a deferred compensation plan where a portion of their salary or bonus is deferred until a future date, typically retirement. This provides an additional incentive to remain with the company in the long term and encourages executives to contribute to the sustainable growth of the organization. The Oregon Long-Term Incentive Program for Senior Management is a vital tool for attracting and retaining top talent in the state's competitive business landscape. By offering a range of incentives such as stock options, RSS, performance shares, cash bonus programs, and deferred compensation plans, organizations can motivate senior executives to achieve superior results and drive the long-term success of the company.