Utah 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

Pulse Corp. is a renowned residential construction company that offers a comprehensive compensation package to its employees, which includes the Utah Long Term Compensation Plan. This plan is specifically designed to incentivize and reward qualified employees based in the state of Utah for their long-term commitment and dedication towards the company's growth. The Utah Long Term Compensation Plan of Pulse Corp. encompasses various components, such as stock options, restricted stock units (RSS), and performance-based bonuses with a predetermined vesting period. Through these mechanisms, employees are given the opportunity to align their interests with the company's success while fostering a sense of ownership and accountability. Stock options are one of the primary features of the Utah Long Term Compensation Plan. They grant employees the right to purchase company stock at a predetermined price, usually referred to as the exercise price, within a specified time frame. This benefits employees by allowing them to potentially profit from the appreciation of Pulse Corp.'s stock value over time. Restricted stock units (RSS) are another key aspect of the plan. RSS represents virtual shares of Pulse Corp.'s stock that are granted to employees and typically vest over a specific period. Once the RSS are vested, employees have the opportunity to convert them into actual company shares, thus gaining a direct ownership stake. In addition, the Utah Long Term Compensation Plan may include performance-based bonuses tied to predetermined targets and metrics, such as financial goals or individual performance objectives. These bonuses reward employees for their exceptional contributions to Pulse Corp.'s success, further motivating them to excel in their roles. It's important to note that the above description outlines a general structure of the Utah Long Term Compensation Plan of Pulse Corp. It's possible that the specific details, eligibility criteria, and components of the plan may vary based on individual employee roles, tenure, and other factors. For precise information regarding the Utah Long Term Compensation Plan, employees are encouraged to refer to the official company documentation or consult with their HR department. Overall, the Utah Long Term Compensation Plan of Pulse Corp. plays a vital role in attracting and retaining top talent in Utah by offering a competitive and comprehensive compensation package. It combines various mechanisms, such as stock options, restricted stock units, and performance-based bonuses, to reward and motivate employees for their long-term commitment and contribution to the company's success.