Cook Illinois Senior Executive Management Incentive Plan with attachments for The Geon Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Cook
• Control #: US-CC-20-234
• Format: Word; Rich Text

Description

20-234 20-234 . . . Senior Executive Management Incentive Plan which is similar to corporation's existing annual bonus program except for changes necessary to cause incentive compensation to qualify as performance-based compensation under Section 162(m) of Internal Revenue Code. Under Plan, (a) key executives who have potential to influence significantly and positively the performance of corporation are selected by Committee, (b) participants are assigned to an incentive category based on organizational level and potential impact on corporation results, (c) participant categories define level of incentive opportunity, stated as a percentage (up to maximum of 200%) of base salary, that will be available to participant (Incentive Percentage), and (d) Committee uses measures of corporation performance to determine performance goal target levels. Performance measures include one or more of following: (i) return to stockholders, (ii) cash flow, (iii) return on equity, (iv) corporation created income, (v) sales growth, (vi) earnings and earnings growth, (vii) return on assets, (viii) stock price, (ix) earnings per share, (x) market share, (xi) customer satisfaction, and (xii) safety and/or environmental performance. Selected performance measures are weighted by Committee each year to reflect their relative importance to corporation in that Plan Year. A portion of each participant's award, as determined by Committee, is paid in form of restricted stock. Participants can elect additional optional deferrals so that they may receive up to 100% of their award as restricted stock. Any award paid as restricted stock is enhanced with a 25% premium; i.e., for every $100 deferred, participant will receive $125 in restricted stock Cook Illinois Senior Executive Management Incentive Plan is a comprehensive performance-based compensation program designed to reward and motivate senior executives of The Leon Co. This plan is designed to align the interests of senior executives with the long-term growth and profitability goals of the company. Keywords: Cook Illinois Senior Executive Management Incentive Plan, The Leon Co., performance-based compensation, reward, motivate, long-term growth, profitability goals The Cook Illinois Senior Executive Management Incentive Plan consists of multiple components to foster performance and provide executives with significant financial incentives. These components can include a mix of short-term and long-term incentives, which encourage executives to achieve specified performance criteria and align their interests with the success of The Leon Co. Keywords: short-term incentives, long-term incentives, performance criteria Attachments to the Cook Illinois Senior Executive Management Incentive Plan may include detailed performance metrics, financial targets, and individual goals that each executive needs to accomplish. These attachments serve as a guide for setting performance expectations and ensure transparency in the evaluation process. Keywords: performance metrics, financial targets, individual goals, evaluation process Additionally, the Cook Illinois Senior Executive Management Incentive Plan may offer equity-based incentives such as stock options, restricted stock units, or performance shares. These equity-based incentives provide executives not only with financial rewards but also a sense of ownership and alignment with the company's long-term success. Keywords: equity-based incentives, stock options, restricted stock units, performance shares, ownership Some specific types of Cook Illinois Senior Executive Management Incentive Plans with attachments for The Leon Co. could include: 1. Short-Term Incentive Plan: This plan focuses on achieving annual performance goals and may include attachments specifying revenue targets, profitability metrics, and other key financial indicators. 2. Long-Term Incentive Plan: This plan aims to reward executives for sustained long-term growth and may include attachments outlining multi-year objectives, such as market share expansion or product development milestones. 3. Performance Share Plan: This plan provides executives with performance-based equity awards, with attachments detailing performance metrics and vesting schedules based on predefined performance targets. 4. Restricted Stock Unit Plan: This plan grants executives with restricted stocks, subject to certain vesting conditions, and may have attachments specifying the vesting schedule and performance-based criteria for earning the shares. In conclusion, the Cook Illinois Senior Executive Management Incentive Plan serves as a comprehensive compensation program that motivates and rewards senior executives at The Leon Co. for achieving performance targets, aligning their interests with the company's success, and promoting long-term growth and profitability. Attachments to the plan provide specific performance metrics, financial targets, individual goals, and may include different types of incentives such as equity-based awards.

Cook Illinois Senior Executive Management Incentive Plan is a comprehensive performance-based compensation program designed to reward and motivate senior executives of The Leon Co. This plan is designed to align the interests of senior executives with the long-term growth and profitability goals of the company. Keywords: Cook Illinois Senior Executive Management Incentive Plan, The Leon Co., performance-based compensation, reward, motivate, long-term growth, profitability goals The Cook Illinois Senior Executive Management Incentive Plan consists of multiple components to foster performance and provide executives with significant financial incentives. These components can include a mix of short-term and long-term incentives, which encourage executives to achieve specified performance criteria and align their interests with the success of The Leon Co. Keywords: short-term incentives, long-term incentives, performance criteria Attachments to the Cook Illinois Senior Executive Management Incentive Plan may include detailed performance metrics, financial targets, and individual goals that each executive needs to accomplish. These attachments serve as a guide for setting performance expectations and ensure transparency in the evaluation process. Keywords: performance metrics, financial targets, individual goals, evaluation process Additionally, the Cook Illinois Senior Executive Management Incentive Plan may offer equity-based incentives such as stock options, restricted stock units, or performance shares. These equity-based incentives provide executives not only with financial rewards but also a sense of ownership and alignment with the company's long-term success. Keywords: equity-based incentives, stock options, restricted stock units, performance shares, ownership Some specific types of Cook Illinois Senior Executive Management Incentive Plans with attachments for The Leon Co. could include: 1. Short-Term Incentive Plan: This plan focuses on achieving annual performance goals and may include attachments specifying revenue targets, profitability metrics, and other key financial indicators. 2. Long-Term Incentive Plan: This plan aims to reward executives for sustained long-term growth and may include attachments outlining multi-year objectives, such as market share expansion or product development milestones. 3. Performance Share Plan: This plan provides executives with performance-based equity awards, with attachments detailing performance metrics and vesting schedules based on predefined performance targets. 4. Restricted Stock Unit Plan: This plan grants executives with restricted stocks, subject to certain vesting conditions, and may have attachments specifying the vesting schedule and performance-based criteria for earning the shares. In conclusion, the Cook Illinois Senior Executive Management Incentive Plan serves as a comprehensive compensation program that motivates and rewards senior executives at The Leon Co. for achieving performance targets, aligning their interests with the company's success, and promoting long-term growth and profitability. Attachments to the plan provide specific performance metrics, financial targets, individual goals, and may include different types of incentives such as equity-based awards.