Alameda California Long Term Incentive Plan of Life Re Corp.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Alameda
• Control #: US-CC-20-121
• Format: Word; Rich Text

Description

20-121 20-121 . . . Long-Term Incentive Plan for three executives of corporation. Material terms of performance goals established for participants are based upon results of certain transactions including acquisitions of assets, blocks of business, or other entities, mergers, or gains from the disposition of certain investments (Triggering Event). A bonus pool is created upon occurrence of each Triggering Event to be divided among participants according to participation units specified by the Compensation Committee. Pool equals percentage of amount involved in applicable transaction; maximum percentage is five percent of amount involved Alameda California Long Term Incentive Plan is a comprehensive compensation package offered by Life Re Corp. to its employees based in the city of Alameda, California. This plan is designed to reward and retain talented individuals through various long-term incentives, encouraging their dedication to the company's success and fostering loyalty. The Alameda California Long Term Incentive Plan comprises several types of compensation, each with unique benefits and eligibility criteria. Some different types of plans offered by Life Re Corp. include: 1. Stock Options: The company may grant stock options to eligible employees, allowing them to purchase company stock at a predetermined price or exercise date. These options give employees the opportunity to benefit from any appreciation in the company's stock value over time. 2. Restricted Stock Units (RSS): Under this plan, employees receive a specific number of RSS, which represent company shares. However, employees do not gain immediate ownership of this RSS; instead, they vest over a certain period. Once fully vested, employees are entitled to receive the company shares, typically subject to certain performance or employment conditions. 3. Performance Share Units (Plus): This type of plan links a portion of an employee's compensation to predetermined performance goals and targets. Plus are awarded to eligible employees and typically vest over a specific period, contingent upon achieving certain performance milestones set by the company. 4. Employee Stock Purchase Plan (ESPN): The ESPN enables eligible employees to purchase company stock at a discounted price, often through regular payroll deductions. This plan allows employees to accumulate company shares over time, promoting their sense of ownership and aligning their interests with the company's long-term growth. 5. Cash-based Incentive Plans: Apart from equity-based plans, Life Re Corp. may also offer cash-based incentives to employees as part of their long-term incentive plan. These incentives can be in the form of cash bonuses, performance-based rewards, profit-sharing, or other compensation arrangements tailored to individual employee roles and achievements. It's worth noting that the specific details, terms, and eligibility criteria of the Alameda California Long Term Incentive Plan of Life Re Corp. may vary, and interested employees should refer to the official plan documentation and consult their HR representatives for comprehensive information.

Alameda California Long Term Incentive Plan is a comprehensive compensation package offered by Life Re Corp. to its employees based in the city of Alameda, California. This plan is designed to reward and retain talented individuals through various long-term incentives, encouraging their dedication to the company's success and fostering loyalty. The Alameda California Long Term Incentive Plan comprises several types of compensation, each with unique benefits and eligibility criteria. Some different types of plans offered by Life Re Corp. include: 1. Stock Options: The company may grant stock options to eligible employees, allowing them to purchase company stock at a predetermined price or exercise date. These options give employees the opportunity to benefit from any appreciation in the company's stock value over time. 2. Restricted Stock Units (RSS): Under this plan, employees receive a specific number of RSS, which represent company shares. However, employees do not gain immediate ownership of this RSS; instead, they vest over a certain period. Once fully vested, employees are entitled to receive the company shares, typically subject to certain performance or employment conditions. 3. Performance Share Units (Plus): This type of plan links a portion of an employee's compensation to predetermined performance goals and targets. Plus are awarded to eligible employees and typically vest over a specific period, contingent upon achieving certain performance milestones set by the company. 4. Employee Stock Purchase Plan (ESPN): The ESPN enables eligible employees to purchase company stock at a discounted price, often through regular payroll deductions. This plan allows employees to accumulate company shares over time, promoting their sense of ownership and aligning their interests with the company's long-term growth. 5. Cash-based Incentive Plans: Apart from equity-based plans, Life Re Corp. may also offer cash-based incentives to employees as part of their long-term incentive plan. These incentives can be in the form of cash bonuses, performance-based rewards, profit-sharing, or other compensation arrangements tailored to individual employee roles and achievements. It's worth noting that the specific details, terms, and eligibility criteria of the Alameda California Long Term Incentive Plan of Life Re Corp. may vary, and interested employees should refer to the official plan documentation and consult their HR representatives for comprehensive information.