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 Cook Illinois Officer Long Term Incentive Compensation Plan for Southern California Edison Co. is a structured program designed to provide attractive compensation incentives to top executives of the company, ensuring their long-term commitment and contribution to the company's growth and success. This plan aims to align the interests of these key officers with the shareholders and promote their retention within the organization. Key Features of the Cook Illinois Officer Long Term Incentive Compensation Plan: 1. Performance-Based Incentives: The plan offers performance-based incentives to the participating officers, gauging their achievements against pre-determined goals and objectives. These incentives are tied to the company's overall performance and may be linked to financial targets, operational milestones, customer satisfaction, or other key metrics. 2. Long-Term Deferred Compensation: The plan typically includes a long-term deferred compensation component, where a portion of the executive's compensation is deferred for a specified period. This encourages continuity and long-term commitment as the executives receive the deferred compensation later, often after a certain number of years or upon reaching specific milestones. 3. Equity-Based Awards: Another key element of the plan is the provision of equity-based awards, such as stock options, restricted stock units, or performance shares. These awards grant the participating executives an opportunity to share in the company's success as their equity value increases based on the company's performance and financial growth. 4. Vesting and Retention Periods: The plan incorporates vesting schedules and retention periods to ensure that participating officers remain committed to Southern California Edison Co. over the long term. By requiring executives to stay with the company for a specified period of time, the plan discourages short-term thinking and supports the company's strategic objectives. 5. Customized Participation Levels: Depending on the executive's role, responsibilities, and importance within the organization, the Cook Illinois Officer Long Term Incentive Compensation Plan may offer different participation levels. These levels may vary in terms of the proportion of compensation offered through long-term incentives, ensuring the plan is tailored to the specific needs and importance of individual officers. By implementing the Cook Illinois Officer Long Term Incentive Compensation Plan, Southern California Edison Co. aims to attract and retain top talent, motivate executives to secure long-term growth, align the interests of executives with those of shareholders, and reinforce a performance-driven culture within the organization. Other types of Cook Illinois Officer Long Term Incentive Compensation Plans for Southern California Edison Co. may include variations based on the specific performance metrics, award types, or vesting schedules. These variations enable the company to adapt the plan to evolving market conditions, regulatory requirements, or strategic priorities, ensuring its effectiveness in driving executive performance and delivering sustainable value to the organization.
The Cook Illinois Officer Long Term Incentive Compensation Plan for Southern California Edison Co. is a structured program designed to provide attractive compensation incentives to top executives of the company, ensuring their long-term commitment and contribution to the company's growth and success. This plan aims to align the interests of these key officers with the shareholders and promote their retention within the organization. Key Features of the Cook Illinois Officer Long Term Incentive Compensation Plan: 1. Performance-Based Incentives: The plan offers performance-based incentives to the participating officers, gauging their achievements against pre-determined goals and objectives. These incentives are tied to the company's overall performance and may be linked to financial targets, operational milestones, customer satisfaction, or other key metrics. 2. Long-Term Deferred Compensation: The plan typically includes a long-term deferred compensation component, where a portion of the executive's compensation is deferred for a specified period. This encourages continuity and long-term commitment as the executives receive the deferred compensation later, often after a certain number of years or upon reaching specific milestones. 3. Equity-Based Awards: Another key element of the plan is the provision of equity-based awards, such as stock options, restricted stock units, or performance shares. These awards grant the participating executives an opportunity to share in the company's success as their equity value increases based on the company's performance and financial growth. 4. Vesting and Retention Periods: The plan incorporates vesting schedules and retention periods to ensure that participating officers remain committed to Southern California Edison Co. over the long term. By requiring executives to stay with the company for a specified period of time, the plan discourages short-term thinking and supports the company's strategic objectives. 5. Customized Participation Levels: Depending on the executive's role, responsibilities, and importance within the organization, the Cook Illinois Officer Long Term Incentive Compensation Plan may offer different participation levels. These levels may vary in terms of the proportion of compensation offered through long-term incentives, ensuring the plan is tailored to the specific needs and importance of individual officers. By implementing the Cook Illinois Officer Long Term Incentive Compensation Plan, Southern California Edison Co. aims to attract and retain top talent, motivate executives to secure long-term growth, align the interests of executives with those of shareholders, and reinforce a performance-driven culture within the organization. Other types of Cook Illinois Officer Long Term Incentive Compensation Plans for Southern California Edison Co. may include variations based on the specific performance metrics, award types, or vesting schedules. These variations enable the company to adapt the plan to evolving market conditions, regulatory requirements, or strategic priorities, ensuring its effectiveness in driving executive performance and delivering sustainable value to the organization.