18-266C 18-266C . . . Officer Long Term Incentive Compensation Plan under which compensation committee can grant (i) stock appreciation equivalents (hypothetical stock "units" which are granted to participant and upon which value of any incentive award is calculated), (ii) dividend equivalents (which represent value of dividends per share paid by corporation, calculated upon stock or stock units held by participant and which, if objectives set by committee are met, are paid to participant), (iii) Non-qualified Stock Options, (iv) incentive stock options, (v) restricted stock, (vi) stock appreciation rights, and (vii) performance awards
Virginia Officer Long Term Incentive Compensation Plan for Southern California Edison Co.
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How to fill out Officer Long Term Incentive Compensation Plan For Southern California Edison Co.?
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FAQ
How much does a Vice President make at Southern California Edison in the United States? The estimated average pay for Vice President at this company in the United States is $136,420 per year, which is 8% below 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.
Average Southern California Edison Manager yearly pay in the United States is approximately $117,344, which is 64% above the national average.
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.
The median estimated compensation for executives at Southern California Edison including base salary and bonus is $203,470, or $97 per hour. At Southern California Edison, the most compensated executive makes $652,000, annually, and the lowest compensated makes $65,000.
term incentive plan (LTIP or LTI plan) is a deferred compensation strategy to attract, reward and motivate your employees, while also helping your company to retain valued talent and grow. LTIP prevalence: 98% of public companies provide LTIPs while 63% of private companies offer LTIPs. ( Source: SHRM)
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.
The estimated total pay for a Director at Southern California Edison is $253,348 per year.
Long-term incentive programs allow companies to set up time- or performance-based vesting requirements as well. Time-based vesting requires the executive to provide future services to receive the benefit. For example, they must be employed three years from the date of grant to receive the payment.
Compensation by Company Name And TitleTotal CashTotal CompensationMaria Rigatti EIX EVP and CFOTotal Cash $1,493,685Total Compensation $3,423,066Steven D. Powell SCE President and CEOTotal Cash $1,241,175Total Compensation $2,791,218Caroline Choi EIX and SCE SVPTotal Cash $831,458Total Compensation $1,601,9992 more rows