Kings New York Senior Management Executive Incentive Plan of the Dexter Corp.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Kings
• Control #: US-CC-20-157
• Format: Word; Rich Text

Description

20-157 20-157 . . . Senior Management Executive Incentive Plan under which Compensation Committee designates and establishes (a) individuals who will be participants in Plan during performance period, (b) Performance Target under one or more of Performance Criteria which must be attained in order for a participant to receive an Award, and (c) percentage of each participant's base salary that he or she would earn as an Award for that Performance Period if the Performance Target is attained. The Performance Criteria are (i) earnings per share, (ii) return on equity, (iii) revenues, (iv) division contribution and (v) any combination of these measures The Kings New York Senior Management Executive Incentive Plan is a comprehensive program designed by the Dexter Corp. to reward top-tier senior management executives for their exceptional performance and commitment towards the company's success. This plan aims to motivate and retain key executives, aligning their interests with company goals, and ensuring the long-term growth and profitability of the organization. The Kings New York Senior Management Executive Incentive Plan encompasses various components, each tailored to specific performance metrics and objectives. The plan offers a range of monetary incentives, stock options, and benefits that encourage executives to drive superior business outcomes. 1. Performance-based Bonuses: — The plan incorporates performance-based bonuses tied to individual and team achievements. These bonuses are calculated based on predefined financial targets, key performance indicators, and strategic milestones. 2. Stock Options and Grants: — Executives participating in the plan may receive stock options or grants, offering them an opportunity to acquire company shares at a predetermined price. This helps align their interests with shareholders, emphasizing the need for sustainable growth. 3. Long-Term Incentives: — In addition to annual bonuses, the plan may include long-term incentive programs that reward executives based on the company's performance over an extended period. These incentives provide executives with a vested interest in the organization's enduring success. 4. Deferred Compensation: — Dexter Corp. offers executives the option to defer a portion of their compensation, allowing them to receive it at a later point, often after retirement. This feature promotes loyalty and fosters a long-term commitment to the organization. 5. Performance Evaluation and Reviews: — The plan incorporates a robust evaluation and review process to ensure the effective measurement of executive performance. This assessment may include qualitative and quantitative factors, such as leadership effectiveness, team development, and financial results. 6. Customized Benefits: — Kings New York Senior Management Executive Incentive Plan may also provide certain customized benefits to meet the specific requirements of each executive. These benefits may include healthcare coverage, retirement plans, flexible work arrangements, and executive perquisites. Through the Kings New York Senior Management Executive Incentive Plan, Dexter Corp. aims to attract and retain exceptional talent at the executive level while fostering a performance-driven culture. By aligning their goals with the company's strategic objectives and providing enticing rewards, Dexter Corp. seeks to maintain a competitive edge in the market and drive sustainable growth in the long run.

The Kings New York Senior Management Executive Incentive Plan is a comprehensive program designed by the Dexter Corp. to reward top-tier senior management executives for their exceptional performance and commitment towards the company's success. This plan aims to motivate and retain key executives, aligning their interests with company goals, and ensuring the long-term growth and profitability of the organization. The Kings New York Senior Management Executive Incentive Plan encompasses various components, each tailored to specific performance metrics and objectives. The plan offers a range of monetary incentives, stock options, and benefits that encourage executives to drive superior business outcomes. 1. Performance-based Bonuses: — The plan incorporates performance-based bonuses tied to individual and team achievements. These bonuses are calculated based on predefined financial targets, key performance indicators, and strategic milestones. 2. Stock Options and Grants: — Executives participating in the plan may receive stock options or grants, offering them an opportunity to acquire company shares at a predetermined price. This helps align their interests with shareholders, emphasizing the need for sustainable growth. 3. Long-Term Incentives: — In addition to annual bonuses, the plan may include long-term incentive programs that reward executives based on the company's performance over an extended period. These incentives provide executives with a vested interest in the organization's enduring success. 4. Deferred Compensation: — Dexter Corp. offers executives the option to defer a portion of their compensation, allowing them to receive it at a later point, often after retirement. This feature promotes loyalty and fosters a long-term commitment to the organization. 5. Performance Evaluation and Reviews: — The plan incorporates a robust evaluation and review process to ensure the effective measurement of executive performance. This assessment may include qualitative and quantitative factors, such as leadership effectiveness, team development, and financial results. 6. Customized Benefits: — Kings New York Senior Management Executive Incentive Plan may also provide certain customized benefits to meet the specific requirements of each executive. These benefits may include healthcare coverage, retirement plans, flexible work arrangements, and executive perquisites. Through the Kings New York Senior Management Executive Incentive Plan, Dexter Corp. aims to attract and retain exceptional talent at the executive level while fostering a performance-driven culture. By aligning their goals with the company's strategic objectives and providing enticing rewards, Dexter Corp. seeks to maintain a competitive edge in the market and drive sustainable growth in the long run.