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
Iowa Long Term Incentive Program for Senior Management
State:
Multi-State
Control #:
US-CC-20-162L
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Long Term Incentive Program For Senior Management?
Are you currently within a place that you need papers for sometimes organization or specific purposes just about every working day? There are a lot of lawful papers web templates available on the Internet, but discovering ones you can rely is not simple. US Legal Forms provides a large number of kind web templates, just like the Iowa Long Term Incentive Program for Senior Management, which are created to meet state and federal specifications.
In case you are presently knowledgeable about US Legal Forms site and possess an account, merely log in. Following that, it is possible to down load the Iowa Long Term Incentive Program for Senior Management format.
Should you not come with an profile and want to begin to use US Legal Forms, abide by these steps:
- Discover the kind you need and make sure it is for that correct metropolis/state.
- Utilize the Preview switch to check the form.
- See the outline to ensure that you have selected the appropriate kind.
- In case the kind is not what you`re looking for, use the Look for area to discover the kind that meets your requirements and specifications.
- If you discover the correct kind, simply click Buy now.
- Select the costs program you desire, complete the required information to make your account, and purchase an order utilizing your PayPal or charge card.
- Select a practical paper structure and down load your copy.
Find each of the papers web templates you might have bought in the My Forms food list. You can get a more copy of Iowa Long Term Incentive Program for Senior Management at any time, if necessary. Just go through the required kind to down load or printing the papers format.
Use US Legal Forms, by far the most considerable collection of lawful kinds, in order to save time and steer clear of blunders. The services provides skillfully created lawful papers web templates that can be used for a selection of purposes. Generate an account on US Legal Forms and start producing your way of life easier.
Form popularity
FAQ
An example of a long-term incentive could be a cash plan, equity plan or share plan.
Every employer has their own qualifications as to how an employee becomes eligible for the LTIP. Generally all employees are eligible to receive the benefits after three to five years as long as they meet the performance goals specified by the company.
term incentive plan (LTIP) is a company policy that rewards employees for reaching specific goals that lead to increased shareholder value. In a typical LTIP, the employee, usually an executive, must fulfill various conditions or requirements.
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.
LTIP Payout means any long-term incentive award paid to a Participant under the LTIP relating to services performed during any performance period, whether paid or not paid during such performance period or included on the Federal Income Tax Form W-2 during such performance period.
LTI are typically granted with what is known as a vesting period. What this means is that grantees are conditionally granted equity, but they do not actually own it until the vesting period expires.
Criteria to Determine LTI Eligibility The most common criteria used to determine whether an employee is eligible for long-term incentives is job level. Individual employee performance, salary grade/level and job title are also frequently used as factors to determine eligibility for LTI awards.
Through LTIPs, a new long-term incentive can be granted to an employee every year, rather than a one-time incentive, similar to a holiday bonus.