Hennepin Minnesota Officer Long Term Incentive Compensation Plan for Southern California Edison Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Hennepin
• 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 Hennepin Minnesota Officer Long Term Incentive Compensation Plan for Southern California Edison Co. is a comprehensive rewards program designed to motivate and retain top-performing officers in the organization. This plan offers various types of incentives that are tailored to meet the specific needs and goals of the officers in Hennepin Minnesota. One type of incentive offered under the Hennepin Minnesota Officer Long Term Incentive Compensation Plan is performance-based stock options. These stock options provide officers with the opportunity to acquire shares of Southern California Edison Co. at a predetermined price, promoting long-term commitment and aligning their interests with the company's success. Another component of the plan is restricted stock units (RSS). RSS are grants that represent a promise to deliver shares of the company's stock after a designated vesting period. This type of incentive encourages officers to remain with Southern California Edison Co. for the long term, as they can only access the granted stock units after fulfilling specific time-based requirements. Furthermore, the Hennepin Minnesota Officer Long Term Incentive Compensation Plan includes cash-based incentives, such as performance bonuses or profit-sharing arrangements. These incentives are tied to achieving predetermined financial goals and objectives, motivating officers to drive the company's growth and success. Additionally, officers may be eligible for annual grants of performance-based cash bonuses. These bonuses are directly linked to individual and company-wide performance metrics. By rewarding exceptional performance, the plan fosters a culture of excellence and encourages officers to continuously strive for excellence in their roles. The Hennepin Minnesota Officer Long Term Incentive Compensation Plan is designed to reward officers in a fair and competitive manner, taking into consideration the contributions made by the individuals to the company's overall performance. It aims to ensure that the officers are motivated, engaged, and committed to the long-term success of Southern California Edison Co. Overall, the Hennepin Minnesota Officer Long Term Incentive Compensation Plan offers a comprehensive range of incentives, including performance-based stock options, RSS, cash-based bonuses, and profit-sharing. These incentives serve to attract, retain, and incentivize talented officers, aligning their interests with the growth and success of Southern California Edison Co.

The Hennepin Minnesota Officer Long Term Incentive Compensation Plan for Southern California Edison Co. is a comprehensive rewards program designed to motivate and retain top-performing officers in the organization. This plan offers various types of incentives that are tailored to meet the specific needs and goals of the officers in Hennepin Minnesota. One type of incentive offered under the Hennepin Minnesota Officer Long Term Incentive Compensation Plan is performance-based stock options. These stock options provide officers with the opportunity to acquire shares of Southern California Edison Co. at a predetermined price, promoting long-term commitment and aligning their interests with the company's success. Another component of the plan is restricted stock units (RSS). RSS are grants that represent a promise to deliver shares of the company's stock after a designated vesting period. This type of incentive encourages officers to remain with Southern California Edison Co. for the long term, as they can only access the granted stock units after fulfilling specific time-based requirements. Furthermore, the Hennepin Minnesota Officer Long Term Incentive Compensation Plan includes cash-based incentives, such as performance bonuses or profit-sharing arrangements. These incentives are tied to achieving predetermined financial goals and objectives, motivating officers to drive the company's growth and success. Additionally, officers may be eligible for annual grants of performance-based cash bonuses. These bonuses are directly linked to individual and company-wide performance metrics. By rewarding exceptional performance, the plan fosters a culture of excellence and encourages officers to continuously strive for excellence in their roles. The Hennepin Minnesota Officer Long Term Incentive Compensation Plan is designed to reward officers in a fair and competitive manner, taking into consideration the contributions made by the individuals to the company's overall performance. It aims to ensure that the officers are motivated, engaged, and committed to the long-term success of Southern California Edison Co. Overall, the Hennepin Minnesota Officer Long Term Incentive Compensation Plan offers a comprehensive range of incentives, including performance-based stock options, RSS, cash-based bonuses, and profit-sharing. These incentives serve to attract, retain, and incentivize talented officers, aligning their interests with the growth and success of Southern California Edison Co.