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

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Hillsborough
• 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 Hillsborough Florida Officer Long Term Incentive Compensation Plan is a program specifically designed to attract and retain talented officers at Southern California Edison Co. In order to provide an appealing incentive, the plan offers various types of compensation options tailored to meet the specific needs and goals of the officers. One type of Hillsborough Florida Officer Long Term Incentive Compensation Plan is a performance-based stock option. This option allows officers to purchase company stock at a discounted price, with the potential for future appreciation. By tying the compensation directly to the company's performance, officers are motivated to contribute to the long-term success of Southern California Edison Co. Another option within the Hillsborough Florida Officer Long Term Incentive Compensation Plan is a restricted stock unit (RSU) grant. RSS provide officers with the opportunity to receive company shares once certain performance or tenure milestones are achieved. Unlike stock options, RSS do not require officers to purchase the stock upfront, making them a less risky option while still aligning the officers' interests with the company's growth. Additionally, the plan includes a cash bonus component based on individual and company performance. This bonus may be awarded annually or upon the achievement of predetermined targets. By offering a cash bonus, the plan provides officers with immediate financial rewards while still linking their compensation to the overall success of Southern California Edison Co. It is important to note that the Hillsborough Florida Officer Long Term Incentive Compensation Plan is designed to be both competitive and compliant with industry standards and regulations. The plan is regularly reviewed and updated to ensure it remains attractive and beneficial for the officers while aligning with the company's goals. Overall, the Hillsborough Florida Officer Long Term Incentive Compensation Plan for Southern California Edison Co. provides officers with a range of compensation options, including performance-based stock options, RSS, and cash bonuses. These incentives are carefully designed to motivate officers to drive the company's long-term success while rewarding their individual contributions.

Hillsborough Florida Officer Long Term Incentive Compensation Plan is a program specifically designed to attract and retain talented officers at Southern California Edison Co. In order to provide an appealing incentive, the plan offers various types of compensation options tailored to meet the specific needs and goals of the officers. One type of Hillsborough Florida Officer Long Term Incentive Compensation Plan is a performance-based stock option. This option allows officers to purchase company stock at a discounted price, with the potential for future appreciation. By tying the compensation directly to the company's performance, officers are motivated to contribute to the long-term success of Southern California Edison Co. Another option within the Hillsborough Florida Officer Long Term Incentive Compensation Plan is a restricted stock unit (RSU) grant. RSS provide officers with the opportunity to receive company shares once certain performance or tenure milestones are achieved. Unlike stock options, RSS do not require officers to purchase the stock upfront, making them a less risky option while still aligning the officers' interests with the company's growth. Additionally, the plan includes a cash bonus component based on individual and company performance. This bonus may be awarded annually or upon the achievement of predetermined targets. By offering a cash bonus, the plan provides officers with immediate financial rewards while still linking their compensation to the overall success of Southern California Edison Co. It is important to note that the Hillsborough Florida Officer Long Term Incentive Compensation Plan is designed to be both competitive and compliant with industry standards and regulations. The plan is regularly reviewed and updated to ensure it remains attractive and beneficial for the officers while aligning with the company's goals. Overall, the Hillsborough Florida Officer Long Term Incentive Compensation Plan for Southern California Edison Co. provides officers with a range of compensation options, including performance-based stock options, RSS, and cash bonuses. These incentives are carefully designed to motivate officers to drive the company's long-term success while rewarding their individual contributions.