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

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: San Diego
• 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 San Diego California Officer Long Term Incentive Compensation Plan for Southern California Edison Co. is a comprehensive compensation program designed to attract and retain talented executives in the organization. The plan offers various types of incentives to motivate and reward the performance, contribution, and long-term commitment of officers working in San Diego, California for Southern California Edison Co. 1. Performance-Based Bonuses: This type of incentive is based on the achievement of specific performance goals and targets set by the company. These goals may include financial metrics, operational efficiencies, customer satisfaction, or sustainability objectives. Officers who successfully meet or exceed these targets are eligible for a performance-based bonus, which adds to their overall compensation. 2. Stock Options: This plan also includes stock options as a long-term incentive for officers. Stock options provide the opportunity for officers to purchase company stock at a predetermined price within a specified time frame. This allows officers to gain potential financial benefits if the company performs well and the stock price increases over time. 3. Restricted Stock Units (RSS): RSS are another component of the San Diego California Officer Long Term Incentive Compensation Plan. RSS grant officers the right to receive company shares at a future date, subject to certain conditions and vesting schedules. RSS serve as a retention tool, encouraging officers to remain with the organization and aligning their interests with the long-term success of Southern California Edison Co. 4. Performance Share Units (Plus): Plus are incentive units that are granted to officers based on their performance against pre-established performance goals. These units are typically tied to company-wide performance metrics, and if officers meet or exceed the goals, they earn a specified number of shares. Plus create a sense of ownership and accountability among officers. 5. Cash Bonus Program: In addition to the performance-based bonuses, officers may also be eligible for a yearly cash bonus. This bonus is determined by various factors, including the officer's individual performance, contributions to the company, and overall company performance. Overall, the San Diego California Officer Long Term Incentive Compensation Plan aims to attract and retain top talent, align the interests of officers with the company's goals, and reward exceptional performance. By offering a combination of performance-based bonuses, stock options, RSS, Plus, and a cash bonus program, Southern California Edison Co. ensures that officers are motivated to contribute to the company's success while also gaining potential financial benefits for their efforts.

San Diego California Officer Long Term Incentive Compensation Plan for Southern California Edison Co. is a comprehensive compensation program designed to attract and retain talented executives in the organization. The plan offers various types of incentives to motivate and reward the performance, contribution, and long-term commitment of officers working in San Diego, California for Southern California Edison Co. 1. Performance-Based Bonuses: This type of incentive is based on the achievement of specific performance goals and targets set by the company. These goals may include financial metrics, operational efficiencies, customer satisfaction, or sustainability objectives. Officers who successfully meet or exceed these targets are eligible for a performance-based bonus, which adds to their overall compensation. 2. Stock Options: This plan also includes stock options as a long-term incentive for officers. Stock options provide the opportunity for officers to purchase company stock at a predetermined price within a specified time frame. This allows officers to gain potential financial benefits if the company performs well and the stock price increases over time. 3. Restricted Stock Units (RSS): RSS are another component of the San Diego California Officer Long Term Incentive Compensation Plan. RSS grant officers the right to receive company shares at a future date, subject to certain conditions and vesting schedules. RSS serve as a retention tool, encouraging officers to remain with the organization and aligning their interests with the long-term success of Southern California Edison Co. 4. Performance Share Units (Plus): Plus are incentive units that are granted to officers based on their performance against pre-established performance goals. These units are typically tied to company-wide performance metrics, and if officers meet or exceed the goals, they earn a specified number of shares. Plus create a sense of ownership and accountability among officers. 5. Cash Bonus Program: In addition to the performance-based bonuses, officers may also be eligible for a yearly cash bonus. This bonus is determined by various factors, including the officer's individual performance, contributions to the company, and overall company performance. Overall, the San Diego California Officer Long Term Incentive Compensation Plan aims to attract and retain top talent, align the interests of officers with the company's goals, and reward exceptional performance. By offering a combination of performance-based bonuses, stock options, RSS, Plus, and a cash bonus program, Southern California Edison Co. ensures that officers are motivated to contribute to the company's success while also gaining potential financial benefits for their efforts.