Pima Arizona Officer Long Term Incentive Compensation Plan for Southern California Edison Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Pima
• 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 Lima Arizona Officer Long Term Incentive Compensation Plan is an essential program offered by Southern California Edison Co. to reward and motivate its officers in Lima, Arizona. This plan aims to incentivize high-performance employees and align their interests with the long-term growth and success of the company. By providing attractive compensation benefits, Southern California Edison Co. ensures that officers are adequately rewarded for their dedication and commitment. Under the Lima Arizona Officer Long Term Incentive Compensation Plan, officers can benefit from various types of incentives, each designed to serve specific purposes. Some of these different compensation plan types include: 1. Performance-Based Bonuses: This component of the plan acknowledges extraordinary performance by officers based on predetermined goals and metrics. Eligible officers who exceed performance targets can earn substantial bonuses, motivating them to go above and beyond in their roles. 2. Stock Option Grants: Officers may be granted stock options as a long-term incentive, allowing them to purchase shares of the company's stock at a predetermined price, usually lower than the market value. This encourages officers to take part in the company's success and share in its growth. 3. Restricted Stock Units (RSS): RSS are granted to officers, which represent a specific number of shares they receive as a form of compensation. The shares are restricted for a certain period, ensuring officers remain with the company and contribute to its growth. 4. Cash Awards: Officers may also receive cash awards based on their performance and contribution to the company's objectives. These awards can serve as immediate recognition of their efforts and can be customized based on specific performance metrics. The Lima Arizona Officer Long Term Incentive Compensation Plan is a comprehensive program that acknowledges and rewards exceptional performance in Southern California Edison Co.'s Lima, Arizona location. By offering a variety of compensation components, the company ensures officers are motivated and retained, fostering long-term growth and success.

The Lima Arizona Officer Long Term Incentive Compensation Plan is an essential program offered by Southern California Edison Co. to reward and motivate its officers in Lima, Arizona. This plan aims to incentivize high-performance employees and align their interests with the long-term growth and success of the company. By providing attractive compensation benefits, Southern California Edison Co. ensures that officers are adequately rewarded for their dedication and commitment. Under the Lima Arizona Officer Long Term Incentive Compensation Plan, officers can benefit from various types of incentives, each designed to serve specific purposes. Some of these different compensation plan types include: 1. Performance-Based Bonuses: This component of the plan acknowledges extraordinary performance by officers based on predetermined goals and metrics. Eligible officers who exceed performance targets can earn substantial bonuses, motivating them to go above and beyond in their roles. 2. Stock Option Grants: Officers may be granted stock options as a long-term incentive, allowing them to purchase shares of the company's stock at a predetermined price, usually lower than the market value. This encourages officers to take part in the company's success and share in its growth. 3. Restricted Stock Units (RSS): RSS are granted to officers, which represent a specific number of shares they receive as a form of compensation. The shares are restricted for a certain period, ensuring officers remain with the company and contribute to its growth. 4. Cash Awards: Officers may also receive cash awards based on their performance and contribution to the company's objectives. These awards can serve as immediate recognition of their efforts and can be customized based on specific performance metrics. The Lima Arizona Officer Long Term Incentive Compensation Plan is a comprehensive program that acknowledges and rewards exceptional performance in Southern California Edison Co.'s Lima, Arizona location. By offering a variety of compensation components, the company ensures officers are motivated and retained, fostering long-term growth and success.