Tarrant Texas Long Term Incentive Program for Senior Management

Name: Tarrant Texas 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:

Tarrant

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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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 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

Table 1. Percent of Companies Offering LTI & Equity Compensation PlansType of Long-Term Incentive / Equity PlanPercent of Companies OfferingPerformance-Based LTI Plans38%Performance Cash Awards18%Performance Share Awards17%13 more rows

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.

Incentive-Eligible Employee means an Eligible Employee who has been designated by the Compensation Committee as being eligible to receive an Incentive Payment and who is a party to a Retention Agreement.

Examples of common short-term incentive pay plans include: Annual incentive plan. A pay plan that rewards the accomplishment of specific results.Discretionary bonus plan.Spot awards.Profit-sharing plan.Gain-sharing plans.Team/small-group incentives.Retention bonus.Project bonus.

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.

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.

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Note that some companies may grant "phantom shares," which track the movement of the value of the underlying shares but pay out in cash. Our named executive officers, and approved increases in the target Cash LTIP awards for Messrs. Michel,.Figueroa, Tarrant and Varty. Start your new career with us today!. Kamtek is a global leader in automotive manufacturing located in Birmingham, AL (Tarrant area). Executive Compensation. 10. Equity Compensation Plan Information. 13. Legend Bank is currently serving our customers via our drivethru at all of our branch locations. PPA: Solar and Wind Resource RFP via one or more long-term power purchase agreements (PPAs). Cigna CarePlan (Medicare-Medicaid Plan).

Tarrant Texas Long Term Incentive Program for Senior Management

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