Riverside California Long Term Incentive Program for Senior Management

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Riverside
• 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 Riverside California offers multiple long-term incentive programs for senior management within various sectors. These programs are designed to attract, retain, and motivate talented executives, ensuring sustained growth and success for both the individual and the organization. One notable long-term incentive program in Riverside California is the equity-based performance plan. This program provides eligible senior management personnel with an opportunity to receive a portion of their compensation in the form of company stock or stock options. By linking their financial rewards directly to the organization's performance and long-term value creation, executives are incentivized to drive strategic goals, boost profitability, and enhance shareholder value. Another type of long-term incentive program available in Riverside California for senior management is the deferred compensation plan. Through this program, eligible executives can defer a portion of their current income, which is then paid out to them at a predetermined future date or event, such as retirement or a specific milestone in the company's performance. Deferred compensation plans provide executives with a valuable tool for retirement planning while aligning their interests with the long-term success of the organization. Riverside California also offers bonus plans as part of its long-term incentive programs for senior management. These plans provide executives with the opportunity to earn additional compensation based on the achievement of predetermined performance goals. By establishing performance targets that are directly linked to the company's strategic objectives, bonus plans incentivize senior management to excel in their roles and contribute to the overall success of the organization. Additionally, Riverside California's long-term incentive programs for senior management may feature various other financial and non-financial incentives. These could include profit-sharing arrangements, stock appreciation rights, restricted stock units, or even performance-based perks such as additional vacation days or access to executive development programs. Overall, Riverside California's long-term incentive programs for senior management are designed to attract top talent, promote long-term commitment, and drive organizational performance. By offering a mix of equity, deferred compensation, and bonus plans, along with additional incentives, these programs ensure that executives have a vested interest in the company's success while providing them with valuable opportunities for personal financial growth and career advancement.

Riverside California offers multiple long-term incentive programs for senior management within various sectors. These programs are designed to attract, retain, and motivate talented executives, ensuring sustained growth and success for both the individual and the organization. One notable long-term incentive program in Riverside California is the equity-based performance plan. This program provides eligible senior management personnel with an opportunity to receive a portion of their compensation in the form of company stock or stock options. By linking their financial rewards directly to the organization's performance and long-term value creation, executives are incentivized to drive strategic goals, boost profitability, and enhance shareholder value. Another type of long-term incentive program available in Riverside California for senior management is the deferred compensation plan. Through this program, eligible executives can defer a portion of their current income, which is then paid out to them at a predetermined future date or event, such as retirement or a specific milestone in the company's performance. Deferred compensation plans provide executives with a valuable tool for retirement planning while aligning their interests with the long-term success of the organization. Riverside California also offers bonus plans as part of its long-term incentive programs for senior management. These plans provide executives with the opportunity to earn additional compensation based on the achievement of predetermined performance goals. By establishing performance targets that are directly linked to the company's strategic objectives, bonus plans incentivize senior management to excel in their roles and contribute to the overall success of the organization. Additionally, Riverside California's long-term incentive programs for senior management may feature various other financial and non-financial incentives. These could include profit-sharing arrangements, stock appreciation rights, restricted stock units, or even performance-based perks such as additional vacation days or access to executive development programs. Overall, Riverside California's long-term incentive programs for senior management are designed to attract top talent, promote long-term commitment, and drive organizational performance. By offering a mix of equity, deferred compensation, and bonus plans, along with additional incentives, these programs ensure that executives have a vested interest in the company's success while providing them with valuable opportunities for personal financial growth and career advancement.