Broward Florida Officer Long Term Incentive Compensation Plan for Southern California Edison Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Broward
• 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 Broward Florida Officer Long Term Incentive Compensation Plan is a program designed for Southern California Edison Co. employees based in Broward County, Florida. This incentive plan aims to reward and retain officers who play a vital role in the company's success by providing them with long-term incentives tied to the company's performance and individual goals. The Broward Florida Officer Long Term Incentive Compensation Plan offers various types of incentives to the eligible officers: 1. Performance-based Cash Awards: Under this plan, officers can receive cash bonuses based on their individual and company performance. These awards are determined by predefined performance metrics and financial targets established by Southern California Edison Co. 2. Stock Options: Another component of this compensation plan is stock options. Officers may be granted the opportunity to purchase company stock at a predetermined price, allowing them to profit if the company's stock value increases over time. 3. Restricted Stock Units (RSS): The plan may also include the issuance of RSS. RSS are units representing ownership in the company that vest over a specified period. Once vested, officers receive shares of the company's stock. 4. Performance Share Units (Plus): Plus are another form of long-term incentive offered through this plan. These units grant officers the right to receive a specific number of shares based on the company's performance against predetermined goals and metrics. 5. Retention Bonuses: To further incentivize officers' long-term commitment to the company, retention bonuses may be awarded at certain milestones, such as completing a specific number of years of service with Southern California Edison Co. It is important to note that the specifics of the Broward Florida Officer Long Term Incentive Compensation Plan may vary between companies and may be subject to change based on the company's needs and market conditions. Eligible officers should refer to the official plan documents and consult with their respective Human Resources department for detailed information on the specific plan features and requirements.

The Broward Florida Officer Long Term Incentive Compensation Plan is a program designed for Southern California Edison Co. employees based in Broward County, Florida. This incentive plan aims to reward and retain officers who play a vital role in the company's success by providing them with long-term incentives tied to the company's performance and individual goals. The Broward Florida Officer Long Term Incentive Compensation Plan offers various types of incentives to the eligible officers: 1. Performance-based Cash Awards: Under this plan, officers can receive cash bonuses based on their individual and company performance. These awards are determined by predefined performance metrics and financial targets established by Southern California Edison Co. 2. Stock Options: Another component of this compensation plan is stock options. Officers may be granted the opportunity to purchase company stock at a predetermined price, allowing them to profit if the company's stock value increases over time. 3. Restricted Stock Units (RSS): The plan may also include the issuance of RSS. RSS are units representing ownership in the company that vest over a specified period. Once vested, officers receive shares of the company's stock. 4. Performance Share Units (Plus): Plus are another form of long-term incentive offered through this plan. These units grant officers the right to receive a specific number of shares based on the company's performance against predetermined goals and metrics. 5. Retention Bonuses: To further incentivize officers' long-term commitment to the company, retention bonuses may be awarded at certain milestones, such as completing a specific number of years of service with Southern California Edison Co. It is important to note that the specifics of the Broward Florida Officer Long Term Incentive Compensation Plan may vary between companies and may be subject to change based on the company's needs and market conditions. Eligible officers should refer to the official plan documents and consult with their respective Human Resources department for detailed information on the specific plan features and requirements.