South Dakota Management Long Term Incentive Compensation Plan of of SCEcorp

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-18-268B
• Format: Word; Rich Text

Description

18-268B 18-268B . . . Management 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 South Dakota Management Long Term Incentive Compensation Plan of Suncorp is a program designed to reward and motivate top-performing executives and managers in the organization. This plan aims to align the long-term interests of these individuals with the company's overall goals, growth, and success. Keywords: — South Dakota: The plan specifically applies to executives and managers working in South Dakota, highlighting the regional aspect of the compensation program. — Management: The plan targets individuals in leadership positions within Suncorp, including executives and managers responsible for strategic decision-making and overseeing operations across various departments. — Long Term: This compensation plan focuses on rewarding and incentivizing executives and managers over an extended period to encourage sustained performance and commitment to the company's objectives. — Incentive Compensation: The program provides additional financial incentives to eligible individuals based on predefined performance goals and targets. This can include bonuses, stock options, and other forms of performance-related compensation. Suncorprp: Refers to the organization or company implementing the compensation plan, Suncorp or South Dakota Corporation, incorporated under South Dakota state laws. Different Types of South Dakota Management Long Term Incentive Compensation Plan of Suncorp: 1. Performance-Based Stock Options: Executives and managers may be granted stock options that are tied to the company's financial performance, market share growth, or other key performance indicators during a specified period. 2. Restricted Stock Grants: Eligible individuals may receive restricted stock grants that vest over a certain period, encouraging sustained loyalty and commitment to the company. 3. Cash Bonus Plan: The plan may also include a cash bonus component, where executives and managers are awarded bonuses based on achieving specific performance metrics such as revenue targets, cost reduction goals, or successful completion of strategic projects. 4. Performance Units: Suncorp may award performance units that are linked to the company's financial performance, with individuals eligible to receive cash or stock-based incentives based on the achievement of predetermined performance goals. 5. Executive Deferred Compensation: The plan may offer the option for participating executives and managers to defer a portion of their annual compensation, allowing them to receive a lump sum payment at a later date or during retirement, providing long-term financial security. Overall, the South Dakota Management Long Term Incentive Compensation Plan of Suncorp aims to attract and retain talented executives and managers, align their interests with the company's objectives, and drive long-term success through performance-based rewards.

The South Dakota Management Long Term Incentive Compensation Plan of Suncorp is a program designed to reward and motivate top-performing executives and managers in the organization. This plan aims to align the long-term interests of these individuals with the company's overall goals, growth, and success. Keywords: — South Dakota: The plan specifically applies to executives and managers working in South Dakota, highlighting the regional aspect of the compensation program. — Management: The plan targets individuals in leadership positions within Suncorp, including executives and managers responsible for strategic decision-making and overseeing operations across various departments. — Long Term: This compensation plan focuses on rewarding and incentivizing executives and managers over an extended period to encourage sustained performance and commitment to the company's objectives. — Incentive Compensation: The program provides additional financial incentives to eligible individuals based on predefined performance goals and targets. This can include bonuses, stock options, and other forms of performance-related compensation. Suncorprp: Refers to the organization or company implementing the compensation plan, Suncorp or South Dakota Corporation, incorporated under South Dakota state laws. Different Types of South Dakota Management Long Term Incentive Compensation Plan of Suncorp: 1. Performance-Based Stock Options: Executives and managers may be granted stock options that are tied to the company's financial performance, market share growth, or other key performance indicators during a specified period. 2. Restricted Stock Grants: Eligible individuals may receive restricted stock grants that vest over a certain period, encouraging sustained loyalty and commitment to the company. 3. Cash Bonus Plan: The plan may also include a cash bonus component, where executives and managers are awarded bonuses based on achieving specific performance metrics such as revenue targets, cost reduction goals, or successful completion of strategic projects. 4. Performance Units: Suncorp may award performance units that are linked to the company's financial performance, with individuals eligible to receive cash or stock-based incentives based on the achievement of predetermined performance goals. 5. Executive Deferred Compensation: The plan may offer the option for participating executives and managers to defer a portion of their annual compensation, allowing them to receive a lump sum payment at a later date or during retirement, providing long-term financial security. Overall, the South Dakota Management Long Term Incentive Compensation Plan of Suncorp aims to attract and retain talented executives and managers, align their interests with the company's objectives, and drive long-term success through performance-based rewards.