Kings New York Long Term Compensation Plan of Pulte Corp.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Kings
• 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 Kings New York Long Term Compensation Plan of Pulse Corp. is a comprehensive and competitive compensation program designed to reward and retain talented executives and key employees of the company. This plan serves as a motivating factor for executives to perform at their best and contribute to the long-term success of the organization. The Kings New York Long Term Compensation Plan consists of multiple components that provide various incentives and benefits to participants. These components include: 1. Stock Options: Participants in this plan may be granted stock options, which give them the right to purchase company stock at a predetermined price, known as the exercise price. These options typically have a vesting period, after which participants can exercise their options and take advantage of any increase in the stock price. 2. Restricted Stock Units (RSS): In addition to stock options, participants may also receive RSS, which represent a promise to deliver company shares at a future date. RSS are subject to a vesting period as well and provide participants with an ownership stake in the company. 3. Performance Share Units (Plus): Plus are another form of equity-based compensation that is tied to the achievement of specific performance goals. Participants may receive a certain number of pluses, and their payout is based on the company's performance against pre-established targets. 4. Cash Bonuses: Participants in the Kings New York Long Term Compensation Plan may be eligible for cash bonuses based on their individual or team performance, as well as the company's overall financial performance. These bonuses can provide additional monetary rewards and recognition for exceptional contributions. 5. Deferred Compensation: Pulse Corp. also offers a deferred compensation component within the Kings New York Long Term Compensation Plan. Participants can choose to defer a portion of their compensation, allowing them to receive it at a later date, typically after retirement. This provides an opportunity for tax planning and long-term savings. It is important to note that the specifics of the Kings New York Long Term Compensation Plan may vary based on individual positions and levels within the organization. The plan is carefully designed to align with Pulse Corp.'s strategic objectives, ensuring that it supports the company's growth and success while attracting and retaining top talent in the highly competitive market.

The Kings New York Long Term Compensation Plan of Pulse Corp. is a comprehensive and competitive compensation program designed to reward and retain talented executives and key employees of the company. This plan serves as a motivating factor for executives to perform at their best and contribute to the long-term success of the organization. The Kings New York Long Term Compensation Plan consists of multiple components that provide various incentives and benefits to participants. These components include: 1. Stock Options: Participants in this plan may be granted stock options, which give them the right to purchase company stock at a predetermined price, known as the exercise price. These options typically have a vesting period, after which participants can exercise their options and take advantage of any increase in the stock price. 2. Restricted Stock Units (RSS): In addition to stock options, participants may also receive RSS, which represent a promise to deliver company shares at a future date. RSS are subject to a vesting period as well and provide participants with an ownership stake in the company. 3. Performance Share Units (Plus): Plus are another form of equity-based compensation that is tied to the achievement of specific performance goals. Participants may receive a certain number of pluses, and their payout is based on the company's performance against pre-established targets. 4. Cash Bonuses: Participants in the Kings New York Long Term Compensation Plan may be eligible for cash bonuses based on their individual or team performance, as well as the company's overall financial performance. These bonuses can provide additional monetary rewards and recognition for exceptional contributions. 5. Deferred Compensation: Pulse Corp. also offers a deferred compensation component within the Kings New York Long Term Compensation Plan. Participants can choose to defer a portion of their compensation, allowing them to receive it at a later date, typically after retirement. This provides an opportunity for tax planning and long-term savings. It is important to note that the specifics of the Kings New York Long Term Compensation Plan may vary based on individual positions and levels within the organization. The plan is carefully designed to align with Pulse Corp.'s strategic objectives, ensuring that it supports the company's growth and success while attracting and retaining top talent in the highly competitive market.