Contra Costa California Management Long Term Incentive Compensation Plan of of SCEcorp

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Contra Costa
• Control #: US-CC-18-268B
• Format: Word; Rich Text

Description

18-268B 18-268B . . . Management 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 Contra Costa California Management Long Term Incentive Compensation Plan refers to a specific compensation strategy implemented by Suncorp, a leading organization operating in Contra Costa County, California. This long-term incentive plan serves as a means to incentivize and reward top-level management employees for their exceptional performance and commitment to the organization's goals. The aforementioned compensation plan aims to provide a sustainable and attractive compensation structure that motivates managers to contribute towards Suncorp's long-term success. Through this plan, managers are eligible for long-term incentives that are tied to the achievement of predetermined performance objectives and targets. The main types of Contra Costa California Management Long-Term Incentive Compensation Plans offered by Suncorp are: 1. Performance-Based Compensation Plan: Under this plan, managers are awarded incentives based on the attainment of specific performance goals and targets. These targets could encompass financial metrics like revenue growth, profitability, or cost efficiency, as well as non-financial indicators such as customer satisfaction or employee engagement. By aligning executive compensation with performance, Suncorp aims to drive higher levels of productivity, innovation, and overall organizational achievements. 2. Equity-Based Compensation Plan: In addition to performance-based incentives, Suncorp also offers equity-based compensation to its management team. This plan typically involves granting stock options, restricted stock units (RSS), or other forms of equity ownership as an incentive for long-term commitment and value creation. By providing managers with an equity stake in the company, Suncorp promotes a sense of ownership and aligns their interests with the company's shareholders. 3. Multi-Year Incentive Plan: The Multi-Year Incentive Plan is a variant of the long-term incentive compensation program, where the rewards are distributed over a specified period. This plan allows managers to receive incentives gradually, spreading out the incentive payments and providing a sustained motivation over multiple years. This structure encourages managers to remain committed to the organization's long-term objectives and fosters stability and continuity within the management team. Overall, the Contra Costa California Management Long Term Incentive Compensation Plan of Suncorp encompasses various strategies tailored to drive performance, align management objectives with shareholders' interests, and ensure long-term sustainable growth for the organization in Contra Costa County and beyond.

The Contra Costa California Management Long Term Incentive Compensation Plan refers to a specific compensation strategy implemented by Suncorp, a leading organization operating in Contra Costa County, California. This long-term incentive plan serves as a means to incentivize and reward top-level management employees for their exceptional performance and commitment to the organization's goals. The aforementioned compensation plan aims to provide a sustainable and attractive compensation structure that motivates managers to contribute towards Suncorp's long-term success. Through this plan, managers are eligible for long-term incentives that are tied to the achievement of predetermined performance objectives and targets. The main types of Contra Costa California Management Long-Term Incentive Compensation Plans offered by Suncorp are: 1. Performance-Based Compensation Plan: Under this plan, managers are awarded incentives based on the attainment of specific performance goals and targets. These targets could encompass financial metrics like revenue growth, profitability, or cost efficiency, as well as non-financial indicators such as customer satisfaction or employee engagement. By aligning executive compensation with performance, Suncorp aims to drive higher levels of productivity, innovation, and overall organizational achievements. 2. Equity-Based Compensation Plan: In addition to performance-based incentives, Suncorp also offers equity-based compensation to its management team. This plan typically involves granting stock options, restricted stock units (RSS), or other forms of equity ownership as an incentive for long-term commitment and value creation. By providing managers with an equity stake in the company, Suncorp promotes a sense of ownership and aligns their interests with the company's shareholders. 3. Multi-Year Incentive Plan: The Multi-Year Incentive Plan is a variant of the long-term incentive compensation program, where the rewards are distributed over a specified period. This plan allows managers to receive incentives gradually, spreading out the incentive payments and providing a sustained motivation over multiple years. This structure encourages managers to remain committed to the organization's long-term objectives and fosters stability and continuity within the management team. Overall, the Contra Costa California Management Long Term Incentive Compensation Plan of Suncorp encompasses various strategies tailored to drive performance, align management objectives with shareholders' interests, and ensure long-term sustainable growth for the organization in Contra Costa County and beyond.