Virginia Senior Management Executive Incentive Plan of the Dexter Corp.

State:
Multi-State
Control #:
US-CC-20-157
Format:
Word; 
Rich Text
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Description

20-157 20-157 . . . Senior Management Executive Incentive Plan under which Compensation Committee designates and establishes (a) individuals who will be participants in Plan during performance period, (b) Performance Target under one or more of Performance Criteria which must be attained in order for a participant to receive an Award, and (c) percentage of each participant's base salary that he or she would earn as an Award for that Performance Period if the Performance Target is attained. The Performance Criteria are (i) earnings per share, (ii) return on equity, (iii) revenues, (iv) division contribution and (v) any combination of these measures
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FAQ

What are common LTI Vehicles? Stock Options. ... Stock Appreciation Rights. ... Time-based Restricted Stock/Restricted Stock Units. ... Performance Shares/Units. ... Long-term Cash Units. ... Performance Cash Units.

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.

These incentives can range from one-time bonuses to long-term benefits such as stock options or other equity awards. Incentives are also used to motivate managers and executives, providing them with a sense of accomplishment and recognition from the organization.

A typical executive compensation package has financial and non-financial components. They are salary, benefits, bonuses and equity. Commonly, an executive would get more amount of equity than a normal worker and a normal worker quite often wouldn't get any equity in a private company.

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Virginia Senior Management Executive Incentive Plan of the Dexter Corp.