The Indiana Officer Long-Term Incentive Compensation Plan is a program introduced by Southern California Edison Co. (SHE) to reward and retain its top-performing officers through long-term incentives. This plan is designed to incentivize and motivate Indiana-based officers by providing them with attractive compensation packages tailored to their performance and contributions to the company's success. The Indiana Officer Long-Term Incentive Compensation Plan includes various components that aim to align the interests of the officers with those of the company's shareholders. One of the key features of this plan is the allocation of equity-based awards, such as stock options or restricted stock units (RSS). These awards are granted to officers based on predetermined performance criteria and vest over a specified timeframe, encouraging long-term commitment and sustained performance. Another component of the Indiana Officer Long-Term Incentive Compensation Plan is the use of performance-based cash bonuses. These bonuses are granted to officers if they achieve specific performance targets, such as financial objectives, operational goals, or strategic milestones. By linking compensation directly to performance, SHE aims to drive Indiana officers towards enhancing overall company performance and creating value for shareholders. Additionally, the Indiana Officer Long-Term Incentive Compensation Plan may incorporate a retention component. This can manifest as retention bonuses or special awards given to officers who stay with the company for a specific period, reinforcing their commitment to SHE and promoting stability within the organization. It's important to note that the Indiana Officer Long-Term Incentive Compensation Plan may have different variations or structures based on individual circumstances, objectives, and performance metrics. The plan may be customized for different officer levels, such as executive officers, senior vice presidents, or other key leadership positions within SHE. The specific design and components of the plan may also be subject to regulatory requirements and shareholder approval. In conclusion, the Indiana Officer Long-Term Incentive Compensation Plan implemented by Southern California Edison Co. is a comprehensive program that rewards and retains Indiana-based officers through various long-term incentives, including equity-based awards, performance-based cash bonuses, and retention components. By aligning officer compensation with company performance and shareholder interests, SHE aims to drive long-term success and enhance the value it delivers to stakeholders.
Indiana Officer Long Term Incentive Compensation Plan for Southern California Edison Co.
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At Southern California Edison, the most compensated executive makes $652,000, annually, and the lowest compensated makes $65,000. Last updated months ago. Estimated salaries.
Long-term incentives are usually provided to induce an executive to achieve results over a period of longer than one year. Often, they are paid in stock. Sometimes executives receive a balance of short- and long-term variable compensation.
The estimated total pay for a Electrician at Southern California Edison is $77,478 per year. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. The estimated base pay is $77,478 per year.
Is Southern California Edison a good company to work for? Southern California Edison has an overall rating of 4.0 out of 5, based on over 1,834 reviews left anonymously by employees. 83% of employees would recommend working at Southern California Edison to a friend and 73% have a positive outlook for the business.
The average Southern California Edison hourly pay ranges from approximately $23 per hour for a Customer Service Representative to $107 per hour for a "Director, Strategy and Engagement".
Average Southern California Edison Technician yearly pay in the United States is approximately $88,000, which is 75% above the national average.
Incentive compensation is a form of variable compensation in which a salesperson's (or other employee's) earnings are directly tied to the amount of product they sell, the success of their team, or the organization's success.
$71K. The estimated total pay for a Lineman at Southern California Edison is $71,092 per year.