Georgia Executive Incentive Plan

State:
Multi-State
Control #:
US-CC-20-270
Format:
Word; 
Rich Text
Instant download

Description

20-270 20-270 . . . Executive Incentive Plan under which corporation can award restricted stock and units. Restricted stock consists of common stock of corporation which contains restrictions on transfer and forfeiture in event of termination of employment prior to expiration of time period specified in grant. units are equivalent of corporation's book value per share and are issued and credited on corporation's books to employees on condition that said units must be resold to corporation. Corporation must purchase units at end of 5 year incentive period or upon termination of employment (whichever comes first) for amount equivalent to book value at that time plus dividends declared during incentive period and less book value on date of grant
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Detailed List Of Highest Paying Jobs In Georgia RankJob TitleAverage Salary1Finance Services Director$221,9872Primary Care Pediatrician$217,1483Medical Director$196,9014Chief Medical Officer$192,07675 more rows ?

Highlights from the data: 31 of the 50 Highest-Paid State Employees are College Football Coaches. Alabama's Nick Saban Makes $11.7m Per Year.

Short-term incentives are typically tied to annual performance goals, while long-term incentives are designed to reward performance over a multi-year period.

Top 100 Highest-Paid Government Employees of 2022 RankNameOccupation1Anthony S. FauciMedical Officer2Gary H. GibbonsMedical Officer3Joshua DennyMedical Officer4Lawrence A. TabakDental Officer7 more rows

Smart was recently rewarded with a gigantic 10-year, $112.5 million contract extension last July. ATHENS, Ga. ? It may not come as a surprise to most, but back-to-back national champion UGA head coach Kirby Smart is Georgia's highest-paid state employee, ing to data from Online Betting Guide.

term incentive plan (LTIP) incentivizes employees to take actions that will maximize shareholder value and promote longterm growth for the organization. In a standard LTIP, the employee, who is normally a senior executive, is required to meet a number of criteria to receive the incentive.

Brian Blake, will receive an initial annual compensation of $950,000, state records show. Blake, the outgoing provost and executive vice president for academic affairs at George Washington University, will replace Mark Becker, who is leaving in early August after 12 years as Georgia State's president.

Executive bonus plans are often popular with top-level employees, but they also provide benefits to your company. In some cases, they can be a more tax-efficient way to reward top talent. They give employees additional compensation with a lower current cost to the employer than some other types of benefits.

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Georgia Executive Incentive Plan