Pima Arizona Management Long Term Incentive Compensation Plan of of SCEcorp

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Pima
• 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 Lima Arizona Management Long Term Incentive Compensation Plan of Suncorp is a comprehensive program designed to incentivize and reward the management team for their long-term performance and contributions to the success of the company. This plan aims to align the interests of the management team with the overall goals and objectives of Suncorp. Under this plan, eligible management team members are provided with a variety of incentives and compensation components to motivate them to achieve long-term growth and enhance shareholder value. These components may include stock options, restricted stock units (RSS), performance-based cash awards, and other long-term incentives. Stock options provide the management team with the right to purchase shares of Suncorp's stock at a predetermined price, typically referred to as the exercise price, over a specified period. This allows the management team to benefit from any increase in the company's stock price over time. RSS, on the other hand, grants the management team shares of Suncorp's stock that vest over a specific period, with the value typically tied to the company's performance. Performance-based cash awards are another key component of the plan. These awards are contingent upon meeting predefined performance criteria, such as financial targets, operational metrics, or stock price milestones. By linking compensation directly to performance, the plan aims to drive the management team to deliver exceptional results and create long-term value for shareholders. It's important to note that the specific details and structure of the Lima Arizona Management Long Term Incentive Compensation Plan may vary from year to year or depending on the management team member's role and level within the organization. Different tiers of management might have varying levels of eligibility and different types of incentives granted to them. To ensure transparency and accountability, the plan may also include a comprehensive set of governance guidelines and provisions, such as clawback provisions that allow the company to recoup any wrongfully awarded compensation and a robust performance evaluation and review process. In summary, the Lima Arizona Management Long Term Incentive Compensation Plan of Suncorp is a strategic program that aims to motivate and reward the management team's contributions to the company's long-term success. It utilizes a combination of stock options, restricted stock units, and performance-based cash awards to align the interests of the management team with the overall objectives of Suncorp.

The Lima Arizona Management Long Term Incentive Compensation Plan of Suncorp is a comprehensive program designed to incentivize and reward the management team for their long-term performance and contributions to the success of the company. This plan aims to align the interests of the management team with the overall goals and objectives of Suncorp. Under this plan, eligible management team members are provided with a variety of incentives and compensation components to motivate them to achieve long-term growth and enhance shareholder value. These components may include stock options, restricted stock units (RSS), performance-based cash awards, and other long-term incentives. Stock options provide the management team with the right to purchase shares of Suncorp's stock at a predetermined price, typically referred to as the exercise price, over a specified period. This allows the management team to benefit from any increase in the company's stock price over time. RSS, on the other hand, grants the management team shares of Suncorp's stock that vest over a specific period, with the value typically tied to the company's performance. Performance-based cash awards are another key component of the plan. These awards are contingent upon meeting predefined performance criteria, such as financial targets, operational metrics, or stock price milestones. By linking compensation directly to performance, the plan aims to drive the management team to deliver exceptional results and create long-term value for shareholders. It's important to note that the specific details and structure of the Lima Arizona Management Long Term Incentive Compensation Plan may vary from year to year or depending on the management team member's role and level within the organization. Different tiers of management might have varying levels of eligibility and different types of incentives granted to them. To ensure transparency and accountability, the plan may also include a comprehensive set of governance guidelines and provisions, such as clawback provisions that allow the company to recoup any wrongfully awarded compensation and a robust performance evaluation and review process. In summary, the Lima Arizona Management Long Term Incentive Compensation Plan of Suncorp is a strategic program that aims to motivate and reward the management team's contributions to the company's long-term success. It utilizes a combination of stock options, restricted stock units, and performance-based cash awards to align the interests of the management team with the overall objectives of Suncorp.