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

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Suffolk
• 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 Suffolk New York Senior Management Executive Incentive Plan offered by the Dexter Corp. is a comprehensive program designed to motivate and reward top-tier executives within the organization. This plan aims to align the interests of senior management with the strategic objectives of the company, driving performance, and fostering a culture of success. At its core, the Suffolk New York Senior Management Executive Incentive Plan focuses on providing financial incentives based on predetermined performance measures and targets. These measures may include financial metrics like revenue growth, profitability, and return on investment, as well as non-financial parameters like customer satisfaction, employee engagement, and innovation. The plan offers various types of incentives to senior management executives based on their specific roles, responsibilities, and performance expectations. Some key types of incentives that fall under the Suffolk New York Senior Management Executive Incentive Plan of the Dexter Corp. are: 1. Annual Cash Bonuses: Executives are eligible to receive cash bonuses based on the achievement of predetermined performance targets and metrics. These bonuses are typically awarded at the end of the fiscal year and are directly linked to the individual and team performance. 2. Stock Options: Senior management executives may also be granted stock options as part of their incentive package. These options allow executives to purchase company stock at a predetermined price within a specified timeframe. It provides an opportunity for executives to benefit from the company's future growth and success. 3. Long-Term Performance Share Awards: This type of incentive rewards senior executives with share grants or units based on the company's long-term performance. The value of these awards is typically tied to the achievement of specific, challenging performance goals over a multi-year period. 4. Performance-Based Restricted Stock Units: Executives may also be eligible for performance-based restricted stock units (RSS) granted as part of their incentive plan. This RSS is typically subject to vesting requirements and are tied to the achievement of specific performance targets or milestones. 5. Annual Performance Reviews: The Suffolk New York Senior Management Executive Incentive Plan incorporates robust performance assessment processes to evaluate individual and team performance. Annual performance reviews help determine the eligibility and amount of incentives to be awarded to executives based on their contribution towards organizational goals. Overall, the Suffolk New York Senior Management Executive Incentive Plan of the Dexter Corp. serves as a powerful tool to attract, motivate, and retain top talent within the organization. By aligning the interests of senior executives with the company's strategic objectives, this plan aims to drive superior performance, accountability, and long-term value creation.

The Suffolk New York Senior Management Executive Incentive Plan offered by the Dexter Corp. is a comprehensive program designed to motivate and reward top-tier executives within the organization. This plan aims to align the interests of senior management with the strategic objectives of the company, driving performance, and fostering a culture of success. At its core, the Suffolk New York Senior Management Executive Incentive Plan focuses on providing financial incentives based on predetermined performance measures and targets. These measures may include financial metrics like revenue growth, profitability, and return on investment, as well as non-financial parameters like customer satisfaction, employee engagement, and innovation. The plan offers various types of incentives to senior management executives based on their specific roles, responsibilities, and performance expectations. Some key types of incentives that fall under the Suffolk New York Senior Management Executive Incentive Plan of the Dexter Corp. are: 1. Annual Cash Bonuses: Executives are eligible to receive cash bonuses based on the achievement of predetermined performance targets and metrics. These bonuses are typically awarded at the end of the fiscal year and are directly linked to the individual and team performance. 2. Stock Options: Senior management executives may also be granted stock options as part of their incentive package. These options allow executives to purchase company stock at a predetermined price within a specified timeframe. It provides an opportunity for executives to benefit from the company's future growth and success. 3. Long-Term Performance Share Awards: This type of incentive rewards senior executives with share grants or units based on the company's long-term performance. The value of these awards is typically tied to the achievement of specific, challenging performance goals over a multi-year period. 4. Performance-Based Restricted Stock Units: Executives may also be eligible for performance-based restricted stock units (RSS) granted as part of their incentive plan. This RSS is typically subject to vesting requirements and are tied to the achievement of specific performance targets or milestones. 5. Annual Performance Reviews: The Suffolk New York Senior Management Executive Incentive Plan incorporates robust performance assessment processes to evaluate individual and team performance. Annual performance reviews help determine the eligibility and amount of incentives to be awarded to executives based on their contribution towards organizational goals. Overall, the Suffolk New York Senior Management Executive Incentive Plan of the Dexter Corp. serves as a powerful tool to attract, motivate, and retain top talent within the organization. By aligning the interests of senior executives with the company's strategic objectives, this plan aims to drive superior performance, accountability, and long-term value creation.