Nassau New York Officer Long Term Incentive Compensation Plan for Southern California Edison Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Nassau
• 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 Nassau New York Officer Long Term Incentive Compensation Plan for Southern California Edison Co. The Nassau New York Officer Long Term Incentive Compensation Plan is a comprehensive program offered by Southern California Edison Co., designed to reward officers based in Nassau County, New York for their long-term performance and contribution to the company's success. This plan aims to incentivize and retain top talent within the organization by providing attractive compensation and rewards. The plan consists of various components, including cash incentives, stock options, and performance-based rewards. These incentives are based on specific goals and targets set by the company, ensuring alignment between executive performance and overall corporate objectives. The plan offers a platform for officers to maximize their earnings potential and align their interests with the long-term success of Southern California Edison Co. Under this plan, officers receive cash incentives which are directly linked to their individual and team performance. These incentives are structured to motivate and reward officers who demonstrate exceptional leadership, innovative thinking, and strategic decision-making skills, ultimately contributing to the company's growth and profitability. Additionally, the plan offers stock options, allowing officers to purchase company shares at a predetermined price. These options provide an opportunity for officers to share in the company's future success, as the value of the stock increases over time. By aligning the interests of officers with shareholders, this component of the plan encourages long-term commitment and dedication to the organization. Furthermore, the Nassau New York Officer Long Term Incentive Compensation Plan includes performance-based rewards. These rewards are granted to officers based on their achievement of specific targets, milestones, or key performance indicators set by the company. This component ensures that officers are recognized and rewarded for their exceptional performance, thereby fostering a culture of excellence within the organization. While the Nassau New York Officer Long Term Incentive Compensation Plan is a general program for officers in Nassau County, New York, there may be different variations or levels of eligibility based on the individual's position, tenure, and performance within Southern California Edison Co. In conclusion, the Nassau New York Officer Long Term Incentive Compensation Plan provides officers at Southern California Edison Co. with a comprehensive and attractive compensation package, aiming to incentivize their long-term commitment, drive performance, and align their interests with the success of the company. Through a combination of cash incentives, stock options, and performance-based rewards, this plan ensures that officers are duly recognized and rewarded for their significant contributions to Southern California Edison Co.'s growth and prosperity.

Nassau New York Officer Long Term Incentive Compensation Plan for Southern California Edison Co. The Nassau New York Officer Long Term Incentive Compensation Plan is a comprehensive program offered by Southern California Edison Co., designed to reward officers based in Nassau County, New York for their long-term performance and contribution to the company's success. This plan aims to incentivize and retain top talent within the organization by providing attractive compensation and rewards. The plan consists of various components, including cash incentives, stock options, and performance-based rewards. These incentives are based on specific goals and targets set by the company, ensuring alignment between executive performance and overall corporate objectives. The plan offers a platform for officers to maximize their earnings potential and align their interests with the long-term success of Southern California Edison Co. Under this plan, officers receive cash incentives which are directly linked to their individual and team performance. These incentives are structured to motivate and reward officers who demonstrate exceptional leadership, innovative thinking, and strategic decision-making skills, ultimately contributing to the company's growth and profitability. Additionally, the plan offers stock options, allowing officers to purchase company shares at a predetermined price. These options provide an opportunity for officers to share in the company's future success, as the value of the stock increases over time. By aligning the interests of officers with shareholders, this component of the plan encourages long-term commitment and dedication to the organization. Furthermore, the Nassau New York Officer Long Term Incentive Compensation Plan includes performance-based rewards. These rewards are granted to officers based on their achievement of specific targets, milestones, or key performance indicators set by the company. This component ensures that officers are recognized and rewarded for their exceptional performance, thereby fostering a culture of excellence within the organization. While the Nassau New York Officer Long Term Incentive Compensation Plan is a general program for officers in Nassau County, New York, there may be different variations or levels of eligibility based on the individual's position, tenure, and performance within Southern California Edison Co. In conclusion, the Nassau New York Officer Long Term Incentive Compensation Plan provides officers at Southern California Edison Co. with a comprehensive and attractive compensation package, aiming to incentivize their long-term commitment, drive performance, and align their interests with the success of the company. Through a combination of cash incentives, stock options, and performance-based rewards, this plan ensures that officers are duly recognized and rewarded for their significant contributions to Southern California Edison Co.'s growth and prosperity.