Philadelphia Pennsylvania Officer Long Term Incentive Compensation Plan for Southern California Edison Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Philadelphia
• 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 Philadelphia Pennsylvania Officer Long Term Incentive Compensation Plans for Southern California Edison Co. are designed to attract, retain, and motivate talented executives. These compensation plans offer financial rewards to officers based on their long-term performance and contributions to the company's success. The plans help align the interests of the officers with those of the shareholders by tying a portion of their compensation to the company's long-term financial goals and overall performance. The Philadelphia Pennsylvania Officer Long Term Incentive Compensation Plans for Southern California Edison Co. consist of various components, including equity-based awards such as stock options, restricted stock units (RSS), performance shares, and performance-based cash incentives. These incentives are granted to eligible officers as a part of their overall compensation package. One type of long-term incentive compensation plan that Southern California Edison Co. offers is the stock option plan. Stock options give officers the right to purchase company shares at a predetermined price, known as the exercise price, within a specified period. This allows officers to benefit from the potential increase in the company's stock price over time. Another type of plan is the restricted stock unit plan. Under this plan, officers are granted a specific number of shares that are subject to certain restrictions and vesting requirements. Once these restrictions are met, officers receive the shares and can either sell them or hold them as an investment. Performance shares are another component of the compensation plans. These awards are tied to the achievement of specific performance goals, such as financial targets, operational metrics, or strategic objectives. If the goals are met, officers receive a predetermined number of shares or cash payments. Additionally, performance-based cash incentives are part of the Philadelphia Pennsylvania Officer Long Term Incentive Compensation Plans. These incentives are designed to reward officers based on their individual or team performance against predetermined performance metrics or goals. Overall, the Philadelphia Pennsylvania Officer Long Term Incentive Compensation Plans for Southern California Edison Co. provide officers with valuable incentives that encourage long-term commitment, align their interests with the company's success, and drive performance and shareholder value.

Philadelphia Pennsylvania Officer Long Term Incentive Compensation Plans for Southern California Edison Co. are designed to attract, retain, and motivate talented executives. These compensation plans offer financial rewards to officers based on their long-term performance and contributions to the company's success. The plans help align the interests of the officers with those of the shareholders by tying a portion of their compensation to the company's long-term financial goals and overall performance. The Philadelphia Pennsylvania Officer Long Term Incentive Compensation Plans for Southern California Edison Co. consist of various components, including equity-based awards such as stock options, restricted stock units (RSS), performance shares, and performance-based cash incentives. These incentives are granted to eligible officers as a part of their overall compensation package. One type of long-term incentive compensation plan that Southern California Edison Co. offers is the stock option plan. Stock options give officers the right to purchase company shares at a predetermined price, known as the exercise price, within a specified period. This allows officers to benefit from the potential increase in the company's stock price over time. Another type of plan is the restricted stock unit plan. Under this plan, officers are granted a specific number of shares that are subject to certain restrictions and vesting requirements. Once these restrictions are met, officers receive the shares and can either sell them or hold them as an investment. Performance shares are another component of the compensation plans. These awards are tied to the achievement of specific performance goals, such as financial targets, operational metrics, or strategic objectives. If the goals are met, officers receive a predetermined number of shares or cash payments. Additionally, performance-based cash incentives are part of the Philadelphia Pennsylvania Officer Long Term Incentive Compensation Plans. These incentives are designed to reward officers based on their individual or team performance against predetermined performance metrics or goals. Overall, the Philadelphia Pennsylvania Officer Long Term Incentive Compensation Plans for Southern California Edison Co. provide officers with valuable incentives that encourage long-term commitment, align their interests with the company's success, and drive performance and shareholder value.