Allegheny Pennsylvania Officer Long Term Incentive Compensation Plan for Southern California Edison Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Allegheny
• 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 Allegheny Pennsylvania Officer Long Term Incentive Compensation Plan for Southern California Edison Co. is a comprehensive rewards program designed to attract and retain talented officers in the organization. This plan aims to align the objectives of the officers with the long-term growth and success of the company. Keywords: Allegheny Pennsylvania, Officer Long Term Incentive Compensation Plan, Southern California Edison Co., rewards program, talent retention, objectives, long-term growth, success. The Allegheny Pennsylvania Officer Long Term Incentive Compensation Plan for Southern California Edison Co. has several components that ensure officers are motivated and appropriately compensated for their contributions. These components may include stock options, performance-based bonuses, and deferred compensation. One type of the Allegheny Pennsylvania Officer Long Term Incentive Compensation Plan is the stock option program. Under this program, eligible officers are granted the right to purchase company stock at a predetermined price within a specified time frame. This allows officers to benefit from the company's stock price appreciation, thus encouraging long-term commitment and loyalty. Another type of the plan is the performance-based bonus program. Officers participating in this program receive bonuses based on achieving predetermined performance targets that are aligned with the company's strategic objectives. This incentivizes officers to actively contribute to the company's growth and success, as their compensation is directly tied to their performance. Additionally, the plan may include a deferred compensation component. This allows officers to defer a portion of their annual cash compensation, which is then invested in various investment options. The deferred compensation provides officers with an opportunity to accumulate wealth over time, while also providing tax advantages. Overall, the Allegheny Pennsylvania Officer Long Term Incentive Compensation Plan for Southern California Edison Co. aims to attract and retain top talent by offering a comprehensive rewards package. By aligning officers' objectives with the long-term success of the company, this plan ensures a motivated and dedicated leadership team that contributes to the organization's growth and profitability.

The Allegheny Pennsylvania Officer Long Term Incentive Compensation Plan for Southern California Edison Co. is a comprehensive rewards program designed to attract and retain talented officers in the organization. This plan aims to align the objectives of the officers with the long-term growth and success of the company. Keywords: Allegheny Pennsylvania, Officer Long Term Incentive Compensation Plan, Southern California Edison Co., rewards program, talent retention, objectives, long-term growth, success. The Allegheny Pennsylvania Officer Long Term Incentive Compensation Plan for Southern California Edison Co. has several components that ensure officers are motivated and appropriately compensated for their contributions. These components may include stock options, performance-based bonuses, and deferred compensation. One type of the Allegheny Pennsylvania Officer Long Term Incentive Compensation Plan is the stock option program. Under this program, eligible officers are granted the right to purchase company stock at a predetermined price within a specified time frame. This allows officers to benefit from the company's stock price appreciation, thus encouraging long-term commitment and loyalty. Another type of the plan is the performance-based bonus program. Officers participating in this program receive bonuses based on achieving predetermined performance targets that are aligned with the company's strategic objectives. This incentivizes officers to actively contribute to the company's growth and success, as their compensation is directly tied to their performance. Additionally, the plan may include a deferred compensation component. This allows officers to defer a portion of their annual cash compensation, which is then invested in various investment options. The deferred compensation provides officers with an opportunity to accumulate wealth over time, while also providing tax advantages. Overall, the Allegheny Pennsylvania Officer Long Term Incentive Compensation Plan for Southern California Edison Co. aims to attract and retain top talent by offering a comprehensive rewards package. By aligning officers' objectives with the long-term success of the company, this plan ensures a motivated and dedicated leadership team that contributes to the organization's growth and profitability.