Fairfax Virginia Long Term Incentive Program for Senior Management

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Fairfax
• Control #: US-CC-20-162L
• Format: Word; Rich Text

Description

20-162L 20-162L . . . Long Term Incentive Program For Senior Management under which Compensation Committee may award (a) stock appreciation rights and (b) performance share units. Performance share units entitle holder to receive cash payment equal to (i) average market price of one share of corporation common stock during December ("Measuring Month") in third calendar year following year in which award is made, plus (ii) aggregate dividends with respect to one share of corporation common stock from January 1 of year in which award is made until last day of Measuring Month. At maturity, number of units initially awarded shall be (i) multiplied by fraction that corresponds to average annual percentage increase or decrease in book value per share of corporation common stock over four year period prior to maturity, and (ii) then further adjusted based on ratio of market value of corporation common stock to its book value as compared to that of comparable electric utility companies The Fairfax Virginia Long Term Incentive Program for Senior Management is a comprehensive and enticing compensation scheme designed to attract and retain top talent within senior management positions. This program aims to motivate senior executives by offering various incentives that align long-term goals with the organization's objectives. The program provides executives with additional benefits and rewards other than their regular compensation in recognition of their exceptional contributions and sustained commitment to the organization's success. Keywords: Fairfax Virginia, long term incentive program, senior management, compensation, talent retention, motivation, incentives, long-term goals, organization objectives, senior executives, benefits, rewards, exceptional contributions, commitment, success. There are several types of Long Term Incentive Programs available for senior management in Fairfax Virginia, each tailored to meet different needs and goals. Here are a few examples: 1. Equity-based plans: This type of program grants senior executives' ownership rights or stock options in the company. By linking their financial interests to the company's performance, executives are motivated to drive the organization's long-term growth and maximize shareholder value. 2. Performance-based plans: These programs reward senior executives based on the achievement of predetermined performance targets or milestones. By setting challenging goals, executives are incentivized to excel in their roles, leading to enhanced company performance and sustainable growth. 3. Cash incentive plans: Under this type of program, senior executives receive cash bonuses tied to the company's long-term success. These bonuses may be allocated based on factors such as company profitability, revenue growth, or market share expansion. Such plans provide executives with an immediate financial reward for their contributions. 4. Deferred compensation plans: These programs allow senior executives to defer a portion of their current compensation to be received at a later date, often following retirement. By deferring payment, executives are encouraged to remain with the organization and actively contribute to its long-term success. 5. Pension plans: Fairfax Virginia Long Term Incentive Programs may also include pension plans for senior management. These plans offer retirement benefits, ensuring financial security for executives after their tenure with the organization. By implementing these various Long Term Incentive Programs for Senior Management in Fairfax Virginia, organizations strive to attract, motivate, and retain top-notch talent that plays a critical role in driving their growth and success. These programs create a win-win scenario for both executives and the organization, fostering a culture of high performance and long-term commitment.

The Fairfax Virginia Long Term Incentive Program for Senior Management is a comprehensive and enticing compensation scheme designed to attract and retain top talent within senior management positions. This program aims to motivate senior executives by offering various incentives that align long-term goals with the organization's objectives. The program provides executives with additional benefits and rewards other than their regular compensation in recognition of their exceptional contributions and sustained commitment to the organization's success. Keywords: Fairfax Virginia, long term incentive program, senior management, compensation, talent retention, motivation, incentives, long-term goals, organization objectives, senior executives, benefits, rewards, exceptional contributions, commitment, success. There are several types of Long Term Incentive Programs available for senior management in Fairfax Virginia, each tailored to meet different needs and goals. Here are a few examples: 1. Equity-based plans: This type of program grants senior executives' ownership rights or stock options in the company. By linking their financial interests to the company's performance, executives are motivated to drive the organization's long-term growth and maximize shareholder value. 2. Performance-based plans: These programs reward senior executives based on the achievement of predetermined performance targets or milestones. By setting challenging goals, executives are incentivized to excel in their roles, leading to enhanced company performance and sustainable growth. 3. Cash incentive plans: Under this type of program, senior executives receive cash bonuses tied to the company's long-term success. These bonuses may be allocated based on factors such as company profitability, revenue growth, or market share expansion. Such plans provide executives with an immediate financial reward for their contributions. 4. Deferred compensation plans: These programs allow senior executives to defer a portion of their current compensation to be received at a later date, often following retirement. By deferring payment, executives are encouraged to remain with the organization and actively contribute to its long-term success. 5. Pension plans: Fairfax Virginia Long Term Incentive Programs may also include pension plans for senior management. These plans offer retirement benefits, ensuring financial security for executives after their tenure with the organization. By implementing these various Long Term Incentive Programs for Senior Management in Fairfax Virginia, organizations strive to attract, motivate, and retain top-notch talent that plays a critical role in driving their growth and success. These programs create a win-win scenario for both executives and the organization, fostering a culture of high performance and long-term commitment.