Harris Texas Officer Long Term Incentive Compensation Plan for Southern California Edison Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Harris
• 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 Harris Texas Officer Long-Term Incentive Compensation Plan for Southern California Edison Co. is a comprehensive program designed to reward and retain top-performing officers in the Southern California Edison Company based in Harris, Texas. This compensation plan aims to provide incentives for achieving long-term performance goals and driving the company's success. Keywords: Harris Texas, Officer Long-Term Incentive Compensation Plan, Southern California Edison Co., rewards, retention, top-performing officers, company success. Types of Harris Texas Officer Long-Term Incentive Compensation Plans for Southern California Edison Co.: 1. Performance-Based Stock Options: This type of incentive compensation provides officers with the option to purchase company stocks at a predetermined price in the future. The number of options granted depends on the officer's performance and overall company performance over a specific period. 2. Restricted Stock Units (RSS): RSS are grants of company stock that vest over time based on the officer's continued employment and achievement of performance targets. Once fully vested, the officer receives the shares outright, thus aligning their interests with the long-term success of the company. 3. Performance Shares: Performance shares are granted to officers based on specific performance metrics, such as revenue growth or shareholder return. These shares are earned and distributed once the predetermined performance goals are achieved. 4. Cash Bonuses: In addition to equity-based incentives, the Harris Texas Officer Long-Term Incentive Compensation Plan may include cash bonuses tied to performance milestones. These bonuses provide officers with immediate financial rewards for achieving predetermined goals. 5. Executive Retirement Plans: Such plans focus on providing additional compensation to officers based on their years of service and performance. These plans often include retirement savings accounts, supplemental pension plans, and health benefits after retirement. 6. Performance-Linked Deferred Compensation: This plan allows officers to defer a portion of their salary, bonuses, or equity-based incentives into an account that accrues interest over time. The deferred amount is then paid out upon the achievement of predetermined performance objectives or at a specified future date. 7. Phantom Stock Plans: Phantom stock plans grant officers units or shares that mimic the value of actual company stock. These units or shares increase in value based on the company's performance, and officers receive a cash payment equivalent to the appreciation in value. It's important to note that the specifics of the Harris Texas Officer Long-Term Incentive Compensation Plan for Southern California Edison Co. may vary based on individual officer roles, levels of responsibility, and performance targets set by the company.

The Harris Texas Officer Long-Term Incentive Compensation Plan for Southern California Edison Co. is a comprehensive program designed to reward and retain top-performing officers in the Southern California Edison Company based in Harris, Texas. This compensation plan aims to provide incentives for achieving long-term performance goals and driving the company's success. Keywords: Harris Texas, Officer Long-Term Incentive Compensation Plan, Southern California Edison Co., rewards, retention, top-performing officers, company success. Types of Harris Texas Officer Long-Term Incentive Compensation Plans for Southern California Edison Co.: 1. Performance-Based Stock Options: This type of incentive compensation provides officers with the option to purchase company stocks at a predetermined price in the future. The number of options granted depends on the officer's performance and overall company performance over a specific period. 2. Restricted Stock Units (RSS): RSS are grants of company stock that vest over time based on the officer's continued employment and achievement of performance targets. Once fully vested, the officer receives the shares outright, thus aligning their interests with the long-term success of the company. 3. Performance Shares: Performance shares are granted to officers based on specific performance metrics, such as revenue growth or shareholder return. These shares are earned and distributed once the predetermined performance goals are achieved. 4. Cash Bonuses: In addition to equity-based incentives, the Harris Texas Officer Long-Term Incentive Compensation Plan may include cash bonuses tied to performance milestones. These bonuses provide officers with immediate financial rewards for achieving predetermined goals. 5. Executive Retirement Plans: Such plans focus on providing additional compensation to officers based on their years of service and performance. These plans often include retirement savings accounts, supplemental pension plans, and health benefits after retirement. 6. Performance-Linked Deferred Compensation: This plan allows officers to defer a portion of their salary, bonuses, or equity-based incentives into an account that accrues interest over time. The deferred amount is then paid out upon the achievement of predetermined performance objectives or at a specified future date. 7. Phantom Stock Plans: Phantom stock plans grant officers units or shares that mimic the value of actual company stock. These units or shares increase in value based on the company's performance, and officers receive a cash payment equivalent to the appreciation in value. It's important to note that the specifics of the Harris Texas Officer Long-Term Incentive Compensation Plan for Southern California Edison Co. may vary based on individual officer roles, levels of responsibility, and performance targets set by the company.