Los Angeles California Long Term Incentive Program for Senior Management

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Los Angeles
• 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 Los Angeles California Long Term Incentive Program for Senior Management is a comprehensive program designed to attract and retain top-notch executive talent in the city. This program provides senior executives with various incentives and rewards that are tied to their long-term performance and achievements. One type of the Los Angeles California Long Term Incentive Program for Senior Management is the Stock Option Plan. This plan allows eligible senior executives to purchase company stock at a predetermined price over a specified period. By offering stock options, companies aim to align the interests of executives with those of shareholders, thus motivating them to make strategic decisions that drive long-term value. Another type of the program is the Performance Share Unit (PSU) Plan. Under this plan, senior executives are granted units that represent a certain number of company shares. The number of units granted usually depends on the executive's performance and the achievement of predetermined goals. Executives receive the actual shares after a specific vesting period. The PSU plan encourages executives to work toward achieving specific performance metrics, as their rewards are directly tied to the success of the company. Additionally, the Long Term Cash Incentive Program is available for senior management. This program offers monetary rewards or bonuses to executives based on the attainment of specific performance goals over an extended period. Such incentives can be earned annually or over multi-year cycles, further motivating executives to excel in their roles and contribute to the company's long-term success. The Los Angeles California Long Term Incentive Program for Senior Management adopts a holistic approach to ensure the retention and development of senior executives. It considers various factors like individual performance, leadership potential, and the overall strategic direction of the company. By providing a mix of stock-based incentives, performance-based bonuses, and cash rewards, this program aims to align the interests of senior executives with the success of the organization they serve. Key phrases: Los Angeles California, long-term incentive program, senior management, Stock Option Plan, Performance Share Unit Plan, Long Term Cash Incentive Program, employee retention, executive rewards, strategic decisions, performance metrics, leadership potential, company's success.

The Los Angeles California Long Term Incentive Program for Senior Management is a comprehensive program designed to attract and retain top-notch executive talent in the city. This program provides senior executives with various incentives and rewards that are tied to their long-term performance and achievements. One type of the Los Angeles California Long Term Incentive Program for Senior Management is the Stock Option Plan. This plan allows eligible senior executives to purchase company stock at a predetermined price over a specified period. By offering stock options, companies aim to align the interests of executives with those of shareholders, thus motivating them to make strategic decisions that drive long-term value. Another type of the program is the Performance Share Unit (PSU) Plan. Under this plan, senior executives are granted units that represent a certain number of company shares. The number of units granted usually depends on the executive's performance and the achievement of predetermined goals. Executives receive the actual shares after a specific vesting period. The PSU plan encourages executives to work toward achieving specific performance metrics, as their rewards are directly tied to the success of the company. Additionally, the Long Term Cash Incentive Program is available for senior management. This program offers monetary rewards or bonuses to executives based on the attainment of specific performance goals over an extended period. Such incentives can be earned annually or over multi-year cycles, further motivating executives to excel in their roles and contribute to the company's long-term success. The Los Angeles California Long Term Incentive Program for Senior Management adopts a holistic approach to ensure the retention and development of senior executives. It considers various factors like individual performance, leadership potential, and the overall strategic direction of the company. By providing a mix of stock-based incentives, performance-based bonuses, and cash rewards, this program aims to align the interests of senior executives with the success of the organization they serve. Key phrases: Los Angeles California, long-term incentive program, senior management, Stock Option Plan, Performance Share Unit Plan, Long Term Cash Incentive Program, employee retention, executive rewards, strategic decisions, performance metrics, leadership potential, company's success.