Cuyahoga Ohio Officer Long Term Incentive Compensation Plan for Southern California Edison Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Cuyahoga
• 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 Cuyahoga Ohio Officer Long Term Incentive Compensation Plan is a comprehensive program offered by Southern California Edison Co. to incentivize and reward their officers in Cuyahoga Ohio. This plan is specifically designed to provide long-term financial benefits to the officers, encouraging their loyalty, dedication, and sustained performance within the company. One type of Cuyahoga Ohio Officer Long Term Incentive Compensation Plan is the Performance-Based Stock Units (Plus). Under this plan, officers are granted a specific number of stock units, which represent a future share in Southern California Edison Co. The value of these units is tied to predetermined performance goals and targets set by the company. As officers achieve or surpass these goals, the Plus vest and become eligible for conversion into company stock. Another type of Cuyahoga Ohio Officer Long Term Incentive Compensation Plan is the Restricted Stock Units (RSS). These units grant officers the right to receive a specific number of company shares once certain conditions are met. Typically, RSS have a vesting period during which officers must remain with the company or achieve performance milestones. Once the RSS vest, officers can exchange them for actual shares of Southern California Edison Co. In addition to the Plus and RSS, the Cuyahoga Ohio Officer Long Term Incentive Compensation Plan may also include cash bonuses, performance-based cash awards, and other incentives tailored to individual officer roles and responsibilities. The purpose of these plans is to align the financial interests of officers with the long-term success of Southern California Edison Co. By offering stock-based incentives, officers are encouraged to make sound strategic decisions that enhance company value, increase profitability, and improve overall performance. This not only benefits the officers themselves but also the shareholders and other stakeholders of Southern California Edison Co. Overall, the Cuyahoga Ohio Officer Long Term Incentive Compensation Plan is a vital component of Southern California Edison Co.'s compensation strategy, fostering a culture of performance, accountability, and commitment among its officers in Cuyahoga Ohio. It ensures that officers are duly rewarded for their contributions while driving the company towards continued growth and success.

The Cuyahoga Ohio Officer Long Term Incentive Compensation Plan is a comprehensive program offered by Southern California Edison Co. to incentivize and reward their officers in Cuyahoga Ohio. This plan is specifically designed to provide long-term financial benefits to the officers, encouraging their loyalty, dedication, and sustained performance within the company. One type of Cuyahoga Ohio Officer Long Term Incentive Compensation Plan is the Performance-Based Stock Units (Plus). Under this plan, officers are granted a specific number of stock units, which represent a future share in Southern California Edison Co. The value of these units is tied to predetermined performance goals and targets set by the company. As officers achieve or surpass these goals, the Plus vest and become eligible for conversion into company stock. Another type of Cuyahoga Ohio Officer Long Term Incentive Compensation Plan is the Restricted Stock Units (RSS). These units grant officers the right to receive a specific number of company shares once certain conditions are met. Typically, RSS have a vesting period during which officers must remain with the company or achieve performance milestones. Once the RSS vest, officers can exchange them for actual shares of Southern California Edison Co. In addition to the Plus and RSS, the Cuyahoga Ohio Officer Long Term Incentive Compensation Plan may also include cash bonuses, performance-based cash awards, and other incentives tailored to individual officer roles and responsibilities. The purpose of these plans is to align the financial interests of officers with the long-term success of Southern California Edison Co. By offering stock-based incentives, officers are encouraged to make sound strategic decisions that enhance company value, increase profitability, and improve overall performance. This not only benefits the officers themselves but also the shareholders and other stakeholders of Southern California Edison Co. Overall, the Cuyahoga Ohio Officer Long Term Incentive Compensation Plan is a vital component of Southern California Edison Co.'s compensation strategy, fostering a culture of performance, accountability, and commitment among its officers in Cuyahoga Ohio. It ensures that officers are duly rewarded for their contributions while driving the company towards continued growth and success.