Fulton Georgia Long Term Incentive Program for Senior Management

State:
Multi-State
County:
Fulton
Control #:
US-CC-20-162L
Format:
Word; 
Rich Text
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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.

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FAQ

LTI Bonus means the long term incentive bonus (or portion thereof) to which an Eligible Executive is entitled upon achievement of certain defined performance criteria, and linked to a particular offer of Executive Redeemable Shares, as more particularly described in the Executive Offer Document for those Executive

Types of long-term incentives include appreciation vehicles (stock options and stock appreciation rights), time-vested full value vehicles (restricted stock), and performance-vested vehicles.

LTI Awards means all long-term incentive awards (other than Stock Rights) granted to Employee by the Company or its subsidiaries under a Long Term Incentive Plan or otherwise that are outstanding immediately prior to the date of Employee's termination of employment.

term incentive plan (LTIP) is a company policy that rewards employees for reaching specific goals that lead to increased shareholder value. In a typical LTIP, the employee, usually an executive, must fulfill various conditions or requirements.

Examples of incentive management Stock options. Pay raises. Spot awards. Project bonuses. Recognition. Free vacations. Days off. Working from home.

Long-Term Incentives (LTIs) are a form of variable compensation that is earned in the present but whose payment is deferred and spread over time. This can be cash compensation but often is in the form of stock or stock options.

These are non-equity-based long-term grants that pay out in cash. The grantee will receive a cash payout after the vesting period. These are cash-based long-term grants that vest based on performance achievement. These are more common at private companies, due to the difficulty of share valuation.

LTI Bonus means the long term incentive bonus (or portion thereof) to which an Eligible Executive is entitled upon achievement of certain defined performance criteria, and linked to a particular offer of Executive Redeemable Shares, as more particularly described in the Executive Offer Document for those Executive

LTI Eligible means a Participant who, as of the start of an Enrollment Period for an Offering Period, is eligible to receive a long-term incentive compensation award under the Rules of the Takeda Pharmaceutical Company Limited Long Term Incentive Plan or any successor plan, as determined by the Committee in its sole

For employees, LTI can be a reward for outstanding performance and are a vehicle for capital accumulation. For shareholders, LTI are a vehicle that aligns employees with the performance of shares (for market-based equity vehicles) and the long-term vision of the company.

More info

Classroom, that will position them for long term success. An advisory vote to approve the executive compensation programs of the Company.In a typical LTIP, the employee, usually an executive, must fulfill various conditions or requirements. These plans motivate performance and align executives' work with the company's short-term performance goals. Long-term incentives are a valuable part of a total compensation package. City of Hapeville Annual Budget Fiscal Year 2016. Transit skeptics in Fulton County and at the state . Travel staff fill in the gaps, WearEnloe said. Chicago Tribune: Your source for Chicago breaking news, sports, business, entertainment, weather and traffic. New Zealand. Parliament.

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Fulton Georgia Long Term Incentive Program for Senior Management