San Jose California Long Term Incentive Program for Senior Management

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• City: San Jose
• 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 San Jose California Long Term Incentive Program for Senior Management is a compensation program designed to provide additional financial benefits and incentives for senior executives and high-level employees within companies operating in the city of San Jose, California. This program aims to motivate and retain talented senior managers by offering long-term rewards tied to the company's performance and growth. Key Keywords: San Jose California, Long Term Incentive Program, Senior Management, compensation program, financial benefits, incentives, senior executives, high-level employees, motivate, retain, talented, long-term rewards, performance, growth. Types of San Jose California Long Term Incentive Program for Senior Management: 1. Equity-based Incentive Program: This type of program includes equity incentives such as stock options, restricted stock units (RSS), or performance shares. Senior executives are entitled to receive a predetermined number of company shares or the opportunity to buy them at a discounted price, based on achieving specific performance goals over an extended period. 2. Performance Bonus Program: This variation of the incentive program rewards senior management based on the company's financial performance or specific performance targets. Executives may receive a cash bonus or additional equity grants if they successfully meet or exceed predetermined objectives. 3. Deferred Compensation Program: This program allows senior management to defer a portion of their annual salary or bonus. The deferred amount accumulates over time and can be paid out at a later date, such as retirement. Deferred compensation plans provide tax advantages and offer a substantial long-term financial benefit for senior executives. 4. Stock Appreciation Rights (SARS) Program: SARS are an alternative to stock options that provide senior management with the opportunity to benefit from an increase in the company's stock price. Senior executives receive a specific number of SARS, and when exercised, they receive a payment equal to the appreciation in the stock's value during the exercise period. 5. Phantom Stock Program: This program awards senior management with "phantom" stock units that mirror the company's actual stock value. Executives receive virtual shares, which increase or decrease in value based on the company's performance. When the executives choose to convert their phantom stocks into cash, the pay-out is calculated based on the stock's value at that point. 6. Performance Share Unit (PSU) Program: PSU programs provide senior executives with performance-based grants tied to specific financial or operational goals. Executives are eligible to receive a designated number of units or shares, and their value is determined by the company's achievement of predefined performance metrics. These types of San Jose California Long Term Incentive Programs for Senior Management aim to attract, motivate, and retain top-performing executives by aligning their interests with the company's long-term success. Each program offers different benefits and incentives tailored to the organization's goals and objectives.

The San Jose California Long Term Incentive Program for Senior Management is a compensation program designed to provide additional financial benefits and incentives for senior executives and high-level employees within companies operating in the city of San Jose, California. This program aims to motivate and retain talented senior managers by offering long-term rewards tied to the company's performance and growth. Key Keywords: San Jose California, Long Term Incentive Program, Senior Management, compensation program, financial benefits, incentives, senior executives, high-level employees, motivate, retain, talented, long-term rewards, performance, growth. Types of San Jose California Long Term Incentive Program for Senior Management: 1. Equity-based Incentive Program: This type of program includes equity incentives such as stock options, restricted stock units (RSS), or performance shares. Senior executives are entitled to receive a predetermined number of company shares or the opportunity to buy them at a discounted price, based on achieving specific performance goals over an extended period. 2. Performance Bonus Program: This variation of the incentive program rewards senior management based on the company's financial performance or specific performance targets. Executives may receive a cash bonus or additional equity grants if they successfully meet or exceed predetermined objectives. 3. Deferred Compensation Program: This program allows senior management to defer a portion of their annual salary or bonus. The deferred amount accumulates over time and can be paid out at a later date, such as retirement. Deferred compensation plans provide tax advantages and offer a substantial long-term financial benefit for senior executives. 4. Stock Appreciation Rights (SARS) Program: SARS are an alternative to stock options that provide senior management with the opportunity to benefit from an increase in the company's stock price. Senior executives receive a specific number of SARS, and when exercised, they receive a payment equal to the appreciation in the stock's value during the exercise period. 5. Phantom Stock Program: This program awards senior management with "phantom" stock units that mirror the company's actual stock value. Executives receive virtual shares, which increase or decrease in value based on the company's performance. When the executives choose to convert their phantom stocks into cash, the pay-out is calculated based on the stock's value at that point. 6. Performance Share Unit (PSU) Program: PSU programs provide senior executives with performance-based grants tied to specific financial or operational goals. Executives are eligible to receive a designated number of units or shares, and their value is determined by the company's achievement of predefined performance metrics. These types of San Jose California Long Term Incentive Programs for Senior Management aim to attract, motivate, and retain top-performing executives by aligning their interests with the company's long-term success. Each program offers different benefits and incentives tailored to the organization's goals and objectives.