Harris Texas Long Term Compensation Plan of Pulte Corp.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Harris
• Control #: US-CC-20-114
• Format: Word; Rich Text

Description

20-114 20-114 . . . Long Term Compensation Plan under which the Compensation Committee determines which key employees are eligible to participate and sets target cash compensation for each participant. which is based upon pre-established objective performance goals that use one or more business criteria including: average return on equity, average return on invested capital, pre-tax income and target business mix. A different formula is used for each group of employees such as key home office employees and key field employees The Harris Texas Long Term Compensation Plan of Pulse Corp is a comprehensive reward program designed to incentivize and retain top talent within the organization. It aims to align the interests of employees with the long-term success of the company. This plan offers various types of compensation options to eligible employees, including: 1. Stock Options: The Harris Texas Long Term Compensation Plan of Pulse Corp provides eligible employees with the opportunity to purchase company stock at a predetermined price within a specified time frame. This stock can be a valuable asset for employees, as it not only reflects their commitment to the company's growth but also provides the potential for significant financial gains in the long run. 2. Performance-based Bonuses: Pulse Corp rewards exceptional performance by offering performance-based bonuses as part of the Harris Texas Long Term Compensation Plan. These bonuses are directly tied to individual, team, or company-wide performance targets, motivating employees to strive for excellence in their roles. 3. Restricted Stock Units (RSS): Another component of the plan is the provision of RSS. RSS grant eligible employees the right to receive a specified number of shares of Pulse Corp stock after a predetermined vesting period. This RSS serve as a retention tool while aligning employees' interests with shareholders' value creation goals. 4. Performance Share Units (Plus): This type of compensation allows eligible employees to earn additional Company stock based on achieving predetermined performance goals. Plus are tied to specific performance metrics and are granted to incentivize superior performance, promoting a performance-driven culture within Pulse Corp. 5. Cash Bonus Programs: Pulse Corp acknowledges outstanding contributions and achievements of its employees through cash bonus programs. These bonuses can be based on individual, team, or company-wide performance and serve as additional financial rewards to encourage exceptional performance. The Harris Texas Long Term Compensation Plan of Pulse Corp is designed to attract, retain, and motivate talented individuals by offering a mix of stock-based incentives and performance-based bonuses. It allows employees to directly participate in the company's growth and success while aligning their interests with the long-term goals of Pulse Corp.

The Harris Texas Long Term Compensation Plan of Pulse Corp is a comprehensive reward program designed to incentivize and retain top talent within the organization. It aims to align the interests of employees with the long-term success of the company. This plan offers various types of compensation options to eligible employees, including: 1. Stock Options: The Harris Texas Long Term Compensation Plan of Pulse Corp provides eligible employees with the opportunity to purchase company stock at a predetermined price within a specified time frame. This stock can be a valuable asset for employees, as it not only reflects their commitment to the company's growth but also provides the potential for significant financial gains in the long run. 2. Performance-based Bonuses: Pulse Corp rewards exceptional performance by offering performance-based bonuses as part of the Harris Texas Long Term Compensation Plan. These bonuses are directly tied to individual, team, or company-wide performance targets, motivating employees to strive for excellence in their roles. 3. Restricted Stock Units (RSS): Another component of the plan is the provision of RSS. RSS grant eligible employees the right to receive a specified number of shares of Pulse Corp stock after a predetermined vesting period. This RSS serve as a retention tool while aligning employees' interests with shareholders' value creation goals. 4. Performance Share Units (Plus): This type of compensation allows eligible employees to earn additional Company stock based on achieving predetermined performance goals. Plus are tied to specific performance metrics and are granted to incentivize superior performance, promoting a performance-driven culture within Pulse Corp. 5. Cash Bonus Programs: Pulse Corp acknowledges outstanding contributions and achievements of its employees through cash bonus programs. These bonuses can be based on individual, team, or company-wide performance and serve as additional financial rewards to encourage exceptional performance. The Harris Texas Long Term Compensation Plan of Pulse Corp is designed to attract, retain, and motivate talented individuals by offering a mix of stock-based incentives and performance-based bonuses. It allows employees to directly participate in the company's growth and success while aligning their interests with the long-term goals of Pulse Corp.