Middlesex Massachusetts Long Term Compensation Plan of Pulte Corp.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Middlesex
• 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 Middlesex Massachusetts Long Term Compensation Plan is an integral part of Pulse Corp.'s employee benefits program designed to attract, retain, and motivate talented individuals in Middlesex County, Massachusetts. This plan is specifically tailored to ensure long-term financial security and rewards for eligible employees. The Middlesex Massachusetts Long Term Compensation Plan offers various types of compensation packages to employees, each with its own set of distinct features and benefits. Some key plan types include: 1. Stock Options: The plan provides employees with the opportunity to purchase company stocks at a predetermined price within a specific timeframe. This allows eligible individuals to participate in the company's growth and potentially gain from the increased stock value in the long run. 2. Restricted Stock Units (RSS): RSS provide selected employees with an opportunity to receive a certain number of company shares, which are typically subject to a vesting schedule or specific performance metrics. Once the vesting conditions are met, employees can sell the stocks or keep them as a long-term investment. 3. Performance Share Units (Plus): Under this plan, employees are granted performance-based stock units that are directly tied to the company's performance and achievement of predefined goals. The number of units awarded to an employee depends on their individual or team performance, and these units convert into shares upon successful completion of the performance period. 4. Cash Bonus: In addition to stock-based compensation, Pulse Corp. may also offer cash bonuses based on individual or company-wide performance. These bonuses are typically awarded annually or on a periodic basis, recognizing exceptional achievements and contributions. Pulse Corp. places a considerable emphasis on the long-term sustainability and growth of its employees' investments through these compensation plans. By aligning employees' interests with the company's objectives, the Middlesex Massachusetts Long Term Compensation Plan encourages dedication, commitment, and a sense of ownership among the eligible workforce. It is important to note that the specific terms, conditions, and eligibility criteria of the Middlesex Massachusetts Long Term Compensation Plan may vary depending on the employee's job level, tenure, and performance. Detailed information regarding the plan can be obtained from Pulse Corp.'s HR department or the official plan documents.