King Washington Long Term Incentive Program for Senior Management

Name: King Washington Long Term Incentive Program for Senior Management
Brand: US Legal Forms
Rating: 4.83 (465 reviews)

Category:

Corporations - Public - Incentive Compensation Plans

State:

Multi-State

County:

King

Control #:

US-CC-20-162L

Format:

Instant download

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

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Overview. A long-term incentive, as the name suggests, is a vehicle that has an extended time horizon (generally greater than one year) and that can be a strategic compensation vehicle to promote long-term retention and alignment with company goals.

Executive compensation is the incentive offered to executives to attract and retain them and to encourage them to work in the best interest of shareholders. Executive compensation may be offered in cash on non-cash forms.

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.

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.

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

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

Annual incentives and bonuses are common ways to provide incentive compensation to corporate executives. Bonuses may be paid as a fixed amount or as a percentage of sales or profits. ESG metrics are more commonly being added to executive incentive compensation plans.

Long-term incentives, or LTI as they're often called, are a valuable part of a total compensation package both for delivering rewards and focusing employees on desired future outcomes and objectives.

An example of a long-term incentive could be a cash plan, equity plan or share plan. A long-term incentive plan can typically run between three years and five years before the full benefit of the incentive is received by the employee.

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Instructions on Completing the Template . Base salary;; Short-term incentive payments, also known as bonuses;; Long-term incentive payment plans;; Executive "perks"; and; Other benefits.For employers, LTI present an opportunity to reward the achievement of long-term plans, promoting buy-in to corporate performance. United States. Congress. House. Committee on Appropriations. Cigna, a global health service company, offers health, pharmacy, dental, supplemental insurance and Medicare plans to individuals, families, and businesses. Local news, sports, business, politics, entertainment, travel, restaurants and opinion for Seattle and the Pacific Northwest. Gregg Rosenthal has scoured the market to rank NFL. What does Daniel Jones have to do to remain the quarterback in 2023? And what are the Giants' chances of landing a top QB in the draft?

King Washington Long Term Incentive Program for Senior Management

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