Rhode Island Officer Long Term Incentive Compensation Plan for Southern California Edison Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-18-266C
• Format: Word; Rich Text

Description

18-266C 18-266C . . . Officer Long Term Incentive Compensation Plan under which compensation committee can grant (i) stock appreciation equivalents (hypothetical stock "units" which are granted to participant and upon which value of any incentive award is calculated), (ii) dividend equivalents (which represent value of dividends per share paid by corporation, calculated upon stock or stock units held by participant and which, if objectives set by committee are met, are paid to participant), (iii) Non-qualified Stock Options, (iv) incentive stock options, (v) restricted stock, (vi) stock appreciation rights, and (vii) performance awards The Rhode Island Officer Long Term Incentive Compensation Plan is a program implemented by Southern California Edison Co. to provide additional incentives and rewards for its officers in Rhode Island. This plan is designed to attract and retain top talent, while motivating officers to achieve long-term goals that align with the company's objectives. Under this plan, eligible officers are granted long-term incentives in the form of equity-based awards, such as stock options, restricted stock units, or performance shares. These awards serve as a strong link between the officer's performance and the success of Southern California Edison Co. They are typically subject to certain vesting schedules, performance criteria, and other terms and conditions, which are outlined in the plan's specific guidelines. The Rhode Island Officer Long Term Incentive Compensation Plan aims to ensure that officers have a stake in the company's performance and are directly aligned with shareholder interests. By offering long-term incentives, Southern California Edison Co. encourages officers to take a more strategic and sustainable approach in decision-making, contributing to the company's long-term growth and prosperity. In addition to the overall Rhode Island Officer Long Term Incentive Compensation Plan, there may be sub-plans or variations applicable to specific groups of officers. Such plans might be tailored to address the unique needs and objectives of different officer positions or divisions within Southern California Edison Co., ensuring that the incentives provided are specific and relevant to those officers' roles and responsibilities. By implementing the Rhode Island Officer Long Term Incentive Compensation Plan, Southern California Edison Co. aims to attract and retain highly skilled officers who are dedicated to driving the company's success in Rhode Island. The plan serves as a key component of the company's overall compensation package, reinforcing the importance of long-term performance and fostering a culture of accountability and strategic decision-making among its officers.

The Rhode Island Officer Long Term Incentive Compensation Plan is a program implemented by Southern California Edison Co. to provide additional incentives and rewards for its officers in Rhode Island. This plan is designed to attract and retain top talent, while motivating officers to achieve long-term goals that align with the company's objectives. Under this plan, eligible officers are granted long-term incentives in the form of equity-based awards, such as stock options, restricted stock units, or performance shares. These awards serve as a strong link between the officer's performance and the success of Southern California Edison Co. They are typically subject to certain vesting schedules, performance criteria, and other terms and conditions, which are outlined in the plan's specific guidelines. The Rhode Island Officer Long Term Incentive Compensation Plan aims to ensure that officers have a stake in the company's performance and are directly aligned with shareholder interests. By offering long-term incentives, Southern California Edison Co. encourages officers to take a more strategic and sustainable approach in decision-making, contributing to the company's long-term growth and prosperity. In addition to the overall Rhode Island Officer Long Term Incentive Compensation Plan, there may be sub-plans or variations applicable to specific groups of officers. Such plans might be tailored to address the unique needs and objectives of different officer positions or divisions within Southern California Edison Co., ensuring that the incentives provided are specific and relevant to those officers' roles and responsibilities. By implementing the Rhode Island Officer Long Term Incentive Compensation Plan, Southern California Edison Co. aims to attract and retain highly skilled officers who are dedicated to driving the company's success in Rhode Island. The plan serves as a key component of the company's overall compensation package, reinforcing the importance of long-term performance and fostering a culture of accountability and strategic decision-making among its officers.