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

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Wayne
• 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 Wayne, Michigan Officer Long Term Incentive Compensation Plan is a program designed specifically for employees of Southern California Edison Co. stationed in Wayne, Michigan. This plan serves as an incentive for officers to achieve certain performance targets and contribute to the long-term success of the company. Under this compensation plan, officers are offered various benefits to reward their dedication and performance. These incentives are specifically tailored to align the interests of the officers with the financial health and growth goals of Southern California Edison Co. Keywords: Wayne, Michigan, Officer, Long Term Incentive Compensation Plan, Southern California Edison Co. Types of Wayne Michigan Officer Long Term Incentive Compensation Plan for Southern California Edison Co.: 1. Performance-Based Incentives: This type of plan rewards officers based on their individual or team performance, which is measured against predetermined targets or goals. Achieving or exceeding these targets allows officers to earn additional compensation, which can be in the form of cash bonuses, stock options, or company shares. 2. Capital Accumulation: Another type of incentive plan allows officers to accumulate capital over a longer period. This could include building up a cash reserve or acquiring company stocks that will grow in value over time. This encourages a long-term commitment to the company's success. 3. Stock Options: Some officers may receive stock options as part of their compensation plan, allowing them to purchase company stock at a predetermined price within a specified period. This type of incentive motivates officers to drive the company's performance since they directly benefit from its success. 4. Deferred Compensation: This plan enables officers to defer a portion of their compensation to be received at a later date, typically after retirement. By deferring compensation, officers can benefit from potential tax advantages while ensuring their long-term financial stability. 5. Performance Share Units (Plus): Plus provide officers with an opportunity to earn additional compensation based on the achievement of predetermined performance benchmarks. These units are typically converted into company stock or cash equivalents once the performance targets are met. 6. Restricted Stock Units (RSS): RSS grant officers a specific number of company shares that are subject to certain vesting conditions. Once the vesting period expires, officers receive these shares as part of their compensation. By providing various types of long-term incentives, the Wayne, Michigan Officer Long Term Incentive Compensation Plan encourages officers to contribute to the continuous success and growth of Southern California Edison Co. in their respective roles.

The Wayne, Michigan Officer Long Term Incentive Compensation Plan is a program designed specifically for employees of Southern California Edison Co. stationed in Wayne, Michigan. This plan serves as an incentive for officers to achieve certain performance targets and contribute to the long-term success of the company. Under this compensation plan, officers are offered various benefits to reward their dedication and performance. These incentives are specifically tailored to align the interests of the officers with the financial health and growth goals of Southern California Edison Co. Keywords: Wayne, Michigan, Officer, Long Term Incentive Compensation Plan, Southern California Edison Co. Types of Wayne Michigan Officer Long Term Incentive Compensation Plan for Southern California Edison Co.: 1. Performance-Based Incentives: This type of plan rewards officers based on their individual or team performance, which is measured against predetermined targets or goals. Achieving or exceeding these targets allows officers to earn additional compensation, which can be in the form of cash bonuses, stock options, or company shares. 2. Capital Accumulation: Another type of incentive plan allows officers to accumulate capital over a longer period. This could include building up a cash reserve or acquiring company stocks that will grow in value over time. This encourages a long-term commitment to the company's success. 3. Stock Options: Some officers may receive stock options as part of their compensation plan, allowing them to purchase company stock at a predetermined price within a specified period. This type of incentive motivates officers to drive the company's performance since they directly benefit from its success. 4. Deferred Compensation: This plan enables officers to defer a portion of their compensation to be received at a later date, typically after retirement. By deferring compensation, officers can benefit from potential tax advantages while ensuring their long-term financial stability. 5. Performance Share Units (Plus): Plus provide officers with an opportunity to earn additional compensation based on the achievement of predetermined performance benchmarks. These units are typically converted into company stock or cash equivalents once the performance targets are met. 6. Restricted Stock Units (RSS): RSS grant officers a specific number of company shares that are subject to certain vesting conditions. Once the vesting period expires, officers receive these shares as part of their compensation. By providing various types of long-term incentives, the Wayne, Michigan Officer Long Term Incentive Compensation Plan encourages officers to contribute to the continuous success and growth of Southern California Edison Co. in their respective roles.