Fulton Georgia Long Term Incentive Program for Senior Management

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Fulton
• 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 Fulton Georgia Long Term Incentive Program for Senior Management is a comprehensive program designed to attract and retain top talent in senior management positions within the Fulton County government organization. This program aims to reward high-performing individuals by providing them with long-term incentives, in addition to their regular compensation package. The Fulton Georgia Long Term Incentive Program for Senior Management consists of various types of incentives, each designed to recognize and motivate senior management employees. These incentives are strategically designed to align with the county's goals and objectives, fostering a culture of excellence and accountability. 1. Performance-based bonuses: The program offers performance-based bonuses to senior managers who consistently achieve or exceed their performance targets. These bonuses are tied to specific key performance indicators (KPIs) and are awarded at predetermined intervals, incentivizing managers to excel in their roles. 2. Stock options: In some cases, senior managers may be granted stock options as a long-term incentive. These stock options provide managers the right to purchase shares of the county's stock at a predetermined price, allowing them to share in the organization's success and growth. 3. Restricted stock units (RSS): Another type of long-term incentive offered under the program is restricted stock units. RSS are granted to senior managers and vest over a specified period, offering an opportunity to acquire company stock after a predetermined period of service. RSS creates a sense of ownership and align the interests of senior management with the long-term success of Fulton County. 4. Deferred compensation plans: The program may also include deferred compensation plans, allowing senior managers to defer a portion of their annual salary and receive it at a later date. This provides flexibility and helps in long-term wealth accumulation, further motivating senior managers to contribute to the county's success. 5. Pension schemes: Fulton Georgia recognizes the importance of retirement planning for senior managers and may offer pension schemes as part of the long-term incentive program. These pension schemes provide financial security to senior managers after their active service, ensuring their loyalty and commitment to the county's long-term goals. The Fulton Georgia Long Term Incentive Program for Senior Management is specifically designed to attract and retain senior managers who possess specialized skills and knowledge necessary for a thriving public sector. By providing these incentives, the county aims to ensure that its senior management team remains motivated, engaged, and committed to delivering exceptional results for the community.

Fulton Georgia Long Term Incentive Program for Senior Management is a comprehensive program designed to attract and retain top talent in senior management positions within the Fulton County government organization. This program aims to reward high-performing individuals by providing them with long-term incentives, in addition to their regular compensation package. The Fulton Georgia Long Term Incentive Program for Senior Management consists of various types of incentives, each designed to recognize and motivate senior management employees. These incentives are strategically designed to align with the county's goals and objectives, fostering a culture of excellence and accountability. 1. Performance-based bonuses: The program offers performance-based bonuses to senior managers who consistently achieve or exceed their performance targets. These bonuses are tied to specific key performance indicators (KPIs) and are awarded at predetermined intervals, incentivizing managers to excel in their roles. 2. Stock options: In some cases, senior managers may be granted stock options as a long-term incentive. These stock options provide managers the right to purchase shares of the county's stock at a predetermined price, allowing them to share in the organization's success and growth. 3. Restricted stock units (RSS): Another type of long-term incentive offered under the program is restricted stock units. RSS are granted to senior managers and vest over a specified period, offering an opportunity to acquire company stock after a predetermined period of service. RSS creates a sense of ownership and align the interests of senior management with the long-term success of Fulton County. 4. Deferred compensation plans: The program may also include deferred compensation plans, allowing senior managers to defer a portion of their annual salary and receive it at a later date. This provides flexibility and helps in long-term wealth accumulation, further motivating senior managers to contribute to the county's success. 5. Pension schemes: Fulton Georgia recognizes the importance of retirement planning for senior managers and may offer pension schemes as part of the long-term incentive program. These pension schemes provide financial security to senior managers after their active service, ensuring their loyalty and commitment to the county's long-term goals. The Fulton Georgia Long Term Incentive Program for Senior Management is specifically designed to attract and retain senior managers who possess specialized skills and knowledge necessary for a thriving public sector. By providing these incentives, the county aims to ensure that its senior management team remains motivated, engaged, and committed to delivering exceptional results for the community.