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

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Sacramento
• 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 Officer Long Term Incentive Compensation Plan (OLT ICP) for Southern California Edison Co. (SHE) in Sacramento, California is a comprehensive program designed to attract, retain, and motivate talented officers within the company. This plan offers various types of incentives to reward performance, align with long-term goals, and foster the success of SHE officers. The Sacramento California OLT ICP consists of several components that combine to create a well-rounded compensation package. One of the key components is the equity-based incentive, which provides officers with the opportunity to acquire SHE stock. This not only enhances their sense of ownership but also aligns their interests with the long-term success of the company. Another aspect of the OLT ICP is the performance-based cash incentive. Through this component, officers have the opportunity to earn annual cash bonuses based on the achievement of predefined performance targets. These targets are set considering both individual and company-wide objectives and are designed to drive superior performance, innovation, and customer satisfaction. To further support long-term growth and retention, the OLT ICP also includes a three-year performance share plan. This plan awards officers with performance shares that vest over time, providing an additional incentive to remain with SHE and contribute to its sustainable success. To ensure the plan's effectiveness and competitiveness, the Officer Long Term Incentive Compensation Plan for Southern California Edison Co. in Sacramento, California is reviewed periodically. It takes into account market benchmarks, talent retention objectives, and the company's overall financial health to adapt and optimize the compensation structure. By implementing such a well-crafted compensation plan, SHE aims to attract and retain top talent in Sacramento, California. The Officer Long Term Incentive Compensation Plan encourages officers to invest their skills, expertise, and dedication in driving SHE's growth, sustainability, and customer satisfaction.

The Officer Long Term Incentive Compensation Plan (OLT ICP) for Southern California Edison Co. (SHE) in Sacramento, California is a comprehensive program designed to attract, retain, and motivate talented officers within the company. This plan offers various types of incentives to reward performance, align with long-term goals, and foster the success of SHE officers. The Sacramento California OLT ICP consists of several components that combine to create a well-rounded compensation package. One of the key components is the equity-based incentive, which provides officers with the opportunity to acquire SHE stock. This not only enhances their sense of ownership but also aligns their interests with the long-term success of the company. Another aspect of the OLT ICP is the performance-based cash incentive. Through this component, officers have the opportunity to earn annual cash bonuses based on the achievement of predefined performance targets. These targets are set considering both individual and company-wide objectives and are designed to drive superior performance, innovation, and customer satisfaction. To further support long-term growth and retention, the OLT ICP also includes a three-year performance share plan. This plan awards officers with performance shares that vest over time, providing an additional incentive to remain with SHE and contribute to its sustainable success. To ensure the plan's effectiveness and competitiveness, the Officer Long Term Incentive Compensation Plan for Southern California Edison Co. in Sacramento, California is reviewed periodically. It takes into account market benchmarks, talent retention objectives, and the company's overall financial health to adapt and optimize the compensation structure. By implementing such a well-crafted compensation plan, SHE aims to attract and retain top talent in Sacramento, California. The Officer Long Term Incentive Compensation Plan encourages officers to invest their skills, expertise, and dedication in driving SHE's growth, sustainability, and customer satisfaction.