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
New Jersey Senior Executive Management Incentive Plan with attachments for The Geon Co.
State:
Multi-State
Control #:
US-CC-20-234
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Senior Executive Management Incentive Plan With Attachments For The Geon Co.?
It is possible to spend several hours on the Internet searching for the legal record format that suits the state and federal requirements you need. US Legal Forms gives thousands of legal types that happen to be evaluated by experts. It is simple to acquire or printing the New Jersey Senior Executive Management Incentive Plan with attachments for The Geon Co. from the assistance.
If you currently have a US Legal Forms accounts, you can log in and then click the Acquire switch. Afterward, you can full, modify, printing, or signal the New Jersey Senior Executive Management Incentive Plan with attachments for The Geon Co.. Every legal record format you purchase is the one you have eternally. To get an additional version for any bought develop, go to the My Forms tab and then click the corresponding switch.
If you work with the US Legal Forms site initially, keep to the simple recommendations under:
- First, ensure that you have selected the proper record format for your county/town of your choosing. Read the develop description to ensure you have chosen the right develop. If readily available, make use of the Review switch to check throughout the record format at the same time.
- If you want to find an additional model in the develop, make use of the Research area to find the format that suits you and requirements.
- After you have found the format you would like, just click Purchase now to proceed.
- Find the pricing plan you would like, key in your credentials, and sign up for a merchant account on US Legal Forms.
- Total the deal. You can use your bank card or PayPal accounts to fund the legal develop.
- Find the file format in the record and acquire it for your product.
- Make alterations for your record if needed. It is possible to full, modify and signal and printing New Jersey Senior Executive Management Incentive Plan with attachments for The Geon Co..
Acquire and printing thousands of record web templates making use of the US Legal Forms site, which provides the biggest variety of legal types. Use professional and state-certain web templates to tackle your business or personal demands.
Form popularity
FAQ
The incentive theory of motivation is a behavioral theory that suggests people are motivated by a drive for incentives and reinforcement. The incentive theory also proposes that people behave in a way they believe will result in a reward and avoid actions that may entail punishment.
Payout Opportunity A Participant's payout target amount under the Plan is determined by pay grade as follows: The range of incentive opportunity for a Plan Participant is 0% to 200% of the Participant's total value target. This means the maximum payout that a Participant can receive from this Plan is 200%.
A MIP can be either an equity incentive plan or a cash incentive plan. It doesn't always have to result in a company giving away equity, as certain factors may preclude them from doing so. Cash-based plans usually involve either a cash bonus, pension contribution or shadow equity.
A MIP can be either an equity incentive plan or a cash incentive plan. It doesn't always have to result in a company giving away equity, as certain factors may preclude them from doing so. Cash-based plans usually involve either a cash bonus, pension contribution or shadow equity.
For Senior Executives, MTIP pools are based fully on relative total shareholder return. Long-Term Incentive Plan Encourages executives to generate Stock Options LTIP targets are based on the median for the comparable (LTIP) sustained share price growth over the market and the compensation mix.
Management Incentive Plan (MIP) is a term most commonly used to refer to the scheme over which the ?sweet equity? pool is allocated to senior management in a privately owned business. The company using a MIP will often be owned by a private equity house.
Types of incentives for managers and executives Salary increases. Bonus payments based on performance milestones. Promotion opportunities. Extended vacation time. Formal recognition events. Other perks that reward outstanding employee contributions.