Wake North Carolina Senior Executive Management Incentive Plan with attachments for The Geon Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Wake
• 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 Title: Wake North Carolina Senior Executive Management Incentive Plan for The Leon Co. Keywords: Wake North Carolina, Senior Executive Management Incentive Plan, The Leon Co., attachments Introduction: The Leon Co., a renowned company based in Wake, North Carolina, offers its senior executives a generous and comprehensive management incentive plan as a means to reward and motivate high-performing individuals. This plan includes specific attachments that outline the various types available to cater to different executive levels within the organization. In this article, we will discuss the intricacies of the Wake North Carolina Senior Executive Management Incentive Plan and its diverse attachments provided by The Leon Co. 1. Wake North Carolina Senior Executive Management Incentive Plan — Basic Structure: The Senior Executive Management Incentive Plan is designed to align the interests of top-level executives with the company's strategic objectives, enhance shareholder value, and ensure the achievement of key performance targets. This plan comprises a comprehensive set of rewards, incentives, and financial benefits to motivate high-caliber senior executives. 2. Attachments: a) Wake North Carolina Senior Executive Management Incentive Plan — Type 1: This attachment of the incentive plan caters to the geographically dispersed executive team based in Wake, North Carolina. It outlines compensation and performance metrics specific to this geographic location, taking into account regional business dynamics, economic factors, and regulatory requirements. b) Wake North Carolina Senior Executive Management Incentive Plan — Type 2: Type 2 attachment acknowledges the varying levels of seniority within the executive management team. It offers tiered incentive structures, ensuring that executives with greater responsibilities and broader decision-making authority receive higher rewards for achieving exceptional results. c) Wake North Carolina Senior Executive Management Incentive Plan — Type 3: Type 3 attachment caters specifically to executives in The Leon Co. holding key leadership positions within specialized divisions or business units. It outlines additional targeted incentives, unique to their respective roles, to motivate and reward exceptional performance in their domain. d) Wake North Carolina Senior Executive Management Incentive Plan — Type 4: Type 4 attachment of the incentive plan focuses on long-term performance goals and rewards. It provides a roadmap for the allocation of performance-based shares, stock options, or other forms of equity compensation intended to foster a sense of ownership among executives and align their interests with long-term company success. e) Wake North Carolina Senior Executive Management Incentive Plan — Type 5: Type 5 attachment emphasizes non-monetary incentives, recognizing the importance of work-life balance and overall well-being of senior executives. It includes benefits such as sabbaticals, access to wellness programs, executive retreats, and other perks designed to promote workplace satisfaction and employee loyalty. Conclusion: Through the Wake North Carolina Senior Executive Management Incentive Plan, The Leon Co. demonstrates its commitment to cultivating and retaining top-level talent. By offering various types of attachments tailored to the specific needs and goals of executives, the company aims to incentivize performance, drive leadership potential, and ensure its sustained growth and success in the competitive business landscape.

Title: Wake North Carolina Senior Executive Management Incentive Plan for The Leon Co. Keywords: Wake North Carolina, Senior Executive Management Incentive Plan, The Leon Co., attachments Introduction: The Leon Co., a renowned company based in Wake, North Carolina, offers its senior executives a generous and comprehensive management incentive plan as a means to reward and motivate high-performing individuals. This plan includes specific attachments that outline the various types available to cater to different executive levels within the organization. In this article, we will discuss the intricacies of the Wake North Carolina Senior Executive Management Incentive Plan and its diverse attachments provided by The Leon Co. 1. Wake North Carolina Senior Executive Management Incentive Plan — Basic Structure: The Senior Executive Management Incentive Plan is designed to align the interests of top-level executives with the company's strategic objectives, enhance shareholder value, and ensure the achievement of key performance targets. This plan comprises a comprehensive set of rewards, incentives, and financial benefits to motivate high-caliber senior executives. 2. Attachments: a) Wake North Carolina Senior Executive Management Incentive Plan — Type 1: This attachment of the incentive plan caters to the geographically dispersed executive team based in Wake, North Carolina. It outlines compensation and performance metrics specific to this geographic location, taking into account regional business dynamics, economic factors, and regulatory requirements. b) Wake North Carolina Senior Executive Management Incentive Plan — Type 2: Type 2 attachment acknowledges the varying levels of seniority within the executive management team. It offers tiered incentive structures, ensuring that executives with greater responsibilities and broader decision-making authority receive higher rewards for achieving exceptional results. c) Wake North Carolina Senior Executive Management Incentive Plan — Type 3: Type 3 attachment caters specifically to executives in The Leon Co. holding key leadership positions within specialized divisions or business units. It outlines additional targeted incentives, unique to their respective roles, to motivate and reward exceptional performance in their domain. d) Wake North Carolina Senior Executive Management Incentive Plan — Type 4: Type 4 attachment of the incentive plan focuses on long-term performance goals and rewards. It provides a roadmap for the allocation of performance-based shares, stock options, or other forms of equity compensation intended to foster a sense of ownership among executives and align their interests with long-term company success. e) Wake North Carolina Senior Executive Management Incentive Plan — Type 5: Type 5 attachment emphasizes non-monetary incentives, recognizing the importance of work-life balance and overall well-being of senior executives. It includes benefits such as sabbaticals, access to wellness programs, executive retreats, and other perks designed to promote workplace satisfaction and employee loyalty. Conclusion: Through the Wake North Carolina Senior Executive Management Incentive Plan, The Leon Co. demonstrates its commitment to cultivating and retaining top-level talent. By offering various types of attachments tailored to the specific needs and goals of executives, the company aims to incentivize performance, drive leadership potential, and ensure its sustained growth and success in the competitive business landscape.