A text for financial advisors and other professionals who offer advice on how to handle
equity compensation including stock options.
Not exact matches
The Foundation for Enterprise Development produces the Owner's Toolbox on
Equity Incentives (619-459-4662, $ 189), which
includes The Entrepreneur's Guide to
Equity Compensation, two CD - ROMs on the subject, and sample plan documents.
Another factor: In January, to the horror of the private
equity world, the Ohio Bureau of Workers»
Compensation asked a state judge for permission to publish information on the VC firms in which it invests —
including company valuations and rates of return.
Represents share - based
compensation expense associated with
equity awards for the periods indicated; also
includes the portion of annual non-cash incentive
compensation expense that eligible employees elected to receive or are expected to elect to receive as common
equity in lieu of their 2017 and 2018 cash bonus, respectively.
«In order to accelerate meaningful corporate and market impact, many corporations are expanding their CVC unit mandates to
include traditional minority investments, majority
equity investment more consistent with Growth PE, M&A and internal commercial piloting and incubation programs; and
compensation structures need to keep pace with these changes,» said Heidi Mason, managing partner of Bell Mason Group and co-founder of CVI ².
The
Compensation Committee reviews and approves the compensation arrangements for Apple's executive officers, including the CEO, administers Apple's equity compensation plans, and reviews the Board's c
Compensation Committee reviews and approves the
compensation arrangements for Apple's executive officers, including the CEO, administers Apple's equity compensation plans, and reviews the Board's c
compensation arrangements for Apple's executive officers,
including the CEO, administers Apple's
equity compensation plans, and reviews the Board's c
compensation plans, and reviews the Board's
compensationcompensation.
The performance goals upon which the payment or vesting of any Incentive Award (other than Options and stock appreciation rights) that is intended to qualify as Performance - Based
Compensation depends shall relate to one or more of the following Performance Measures: market price of Capital Stock, earnings per share of Capital Stock, income, net income or profit (before or after taxes), economic profit, operating income, operating margin, profit margin, gross margins, return on
equity or stockholder
equity, total shareholder return, market capitalization, enterprise value, cash flow (
including but not limited to operating cash flow and free cash flow), cash position, return on assets or net assets, return on capital, return on invested
Mr. Shea is well qualified to serve as a director due to his experience in public and private company governance and private
equity,
including his service on numerous corporate boards and on audit and
compensation committees,
including his experience with Hennessy I and Hennessy II.
Under the terms of the LTICP, in addition to or in lieu of stock options, we may award, and have awarded in selected situations for retention purposes or to address other competitive pressures, other types of
equity - based long - term
compensation,
including restricted stock, RSRs, stock awards, stock appreciation rights, performance shares, or performance units.
Jarden's executives» cash bonuses and
equity awards are tied to meeting specific «adjusted EPS» criteria, which is the same as reported EPS except that it removes certain expenses,
including stock
compensation associated with restricted stock.
The committee also consults with management and Intel's
Compensation and Benefits Group regarding both executive and non-executive employee compensation plans and programs, including administering our equity ince
Compensation and Benefits Group regarding both executive and non-executive employee
compensation plans and programs, including administering our equity ince
compensation plans and programs,
including administering our
equity incentive plans.
These
include risks relating to setting ambitious targets for our employees»
compensation or the vesting of their
equity awards and the potential impact of such targets on the decision - making of our employees, particularly our senior management.
The following table sets forth the 2010
compensation for our independent directors as determined by SEC rules, which require us to
include equity awards granted during 2010.
The
Compensation Committee also considers the appropriateness of various equity vehicles, such as stock options, PRSUs and RSUs, as well as overall program costs (which include both stockholder dilution and compensation expense), when evaluating the long - term in
Compensation Committee also considers the appropriateness of various
equity vehicles, such as stock options, PRSUs and RSUs, as well as overall program costs (which
include both stockholder dilution and
compensation expense), when evaluating the long - term in
compensation expense), when evaluating the long - term incentive mix.
Our Bonus Plan allows our
compensation committee to provide incentive awards (payable in cash or grants of
equity awards) to selected employees,
including our named executive officers, based upon performance goals established by our
compensation committee.
Under the Bonus Plan, our
compensation committee, in its sole discretion, determines the performance goals applicable to awards, which goals may
include, without limitation: attainment of research and development milestones, sales bookings, business divestitures and acquisitions, cash flow, cash position, earnings (which may
include any calculation of earnings,
including but not limited to earnings before interest and taxes, earnings before taxes, earnings before interest, taxes, depreciation and amortization and net earnings), earnings per share, net income, net profit, net sales, operating cash flow, operating expenses, operating income, operating margin, overhead or other expense reduction, product defect measures, product release timelines, productivity, profit, return on assets, return on capital, return on
equity, return on investment, return on sales, revenue, revenue growth, sales results, sales growth, stock price, time to market, total stockholder return, working capital, and individual objectives such as MBOs, peer reviews, or other subjective or objective criteria.
Pursuant to our
equity compensation plans and certain agreements with certain holders of our capital stock,
including Jack Dorsey, Jim McKelvey, Khosla Ventures III, LP, entities affiliated with JPMC Strategic Investments, entities affiliated with Sequoia Capital, entities affiliated with Rizvi Traverse, and an entity affiliated with Mary Meeker,
including an amended and restated right of first refusal and co-sale agreement, we or our assignees have a right to purchase shares of our capital stock which stockholders propose to sell to other parties.
Other specific duties and responsibilities of the HR and
Compensation Committee include reviewing senior management selection and overseeing succession planning, including reviewing the leadership development process; reviewing and approving objectives relevant to executive officer compensation, evaluating performance and determining the compensation of executive officers in accordance with those objectives; approving severance arrangements and other applicable agreements for executive officers; overseeing HP's equity and incentive compensation plans; overseeing non-equity based benefit plans and approving any changes to such plans involving a material financial commi
Compensation Committee
include reviewing senior management selection and overseeing succession planning,
including reviewing the leadership development process; reviewing and approving objectives relevant to executive officer
compensation, evaluating performance and determining the compensation of executive officers in accordance with those objectives; approving severance arrangements and other applicable agreements for executive officers; overseeing HP's equity and incentive compensation plans; overseeing non-equity based benefit plans and approving any changes to such plans involving a material financial commi
compensation, evaluating performance and determining the
compensation of executive officers in accordance with those objectives; approving severance arrangements and other applicable agreements for executive officers; overseeing HP's equity and incentive compensation plans; overseeing non-equity based benefit plans and approving any changes to such plans involving a material financial commi
compensation of executive officers in accordance with those objectives; approving severance arrangements and other applicable agreements for executive officers; overseeing HP's
equity and incentive
compensation plans; overseeing non-equity based benefit plans and approving any changes to such plans involving a material financial commi
compensation plans; overseeing non-
equity based benefit plans and approving any changes to such plans involving a material financial commitment by HP;
Total
compensation per employee consists of many different elements,
including not only negotiated / imposed wage settlements, bracket creep (employees moving up within their pay range), composition of employment (professional vs clerical), pay
equity, pension and other future employee benefit costs driven in part by market conditions, Canada and Quebec Pension Plan contributions (which increase by the annual increase in the industrial wage), among others.
Pursuant to applicable accounting principles, for financial statement reporting purposes we have historically recorded salary and bonus payments to our senior Carlyle professionals,
including our named executive officers, as distributions in respect of their
equity ownership interests and not as
compensation expense.
This data
included annual salary, annual incentive, long - term
equity, and total
compensation amounts for Labor Market Peer Group named executive officers.
This amount also
includes 4,829,841 Shares available under
equity compensation plans in which Associates of ASDA Group Limited («ASDA»), our company's subsidiary in the United Kingdom, participate.
Additional information will be
included when the company has certain items on its agenda, such as
equity plan data for
equity plan proposals or detailed
compensation - related information for an advisory vote on executive
compensation.
(2) Reflects 2015 Merger - related adjustments
including the change to align Kraft to Kraft Heinz's accounting policy for postemployment benefit plans; incremental amortization resulting from the fair value adjustment of Kraft's definite - lived intangible assets; incremental
compensation expense due to the fair value remeasurement of certain of Kraft's
equity awards; and, certain deal costs related to the 2015 Merger.
IDRs contain key data points that are central to Glass Lewis corporate governance analysis, such as information about a company's board of directors,
including board composition, governing documents, independent public auditor,
compensation practices, summary
compensation data and
equity plans.
For the calculation of diluted net loss per share, net loss per share attributable to common stockholders and preferred Series D, E, F, and FP preferred stockholders for basic net loss per share is adjusted by the effect of dilutive securities,
including awards under our
equity compensation plans.
The table above does not
include (i) 5,952,917 shares of Class A common stock reserved for issuance under our 2015 Incentive Award Plan (as described in «Executive
Compensation — New Employment Agreements and Incentive Plans»), consisting of (x) 2,689,486 shares of Class A common stock issuable upon exercise of options to purchase shares of Class A common stock granted on the date of this prospectus to our directors and certain employees,
including the named executive officers, in connection with this offering as described in «Executive
Compensation — Director
Compensation» and «Executive
Compensation — New
Equity Awards,» and (y) 3,263,431 additional shares of Class A common stock reserved for future issuance and (ii) 24,269,792 shares of Class A common stock issuable to the Continuing SSE
Equity Owners upon redemption or exchange of their LLC Interests as described in «Certain Relationships and Related Party Transactions — SSE Holdings LLC Agreement.»
This track also
includes sessions on executive
compensation, and looks at
equity compensation in non-ESOP companies as well as ESOP companies who have international divisions.
•
Equity and performance based plans (e.g., annual and long - term incentive plans, stock option, restricted stock, performance share and broad - based equity plans); • Executive plans (e.g., deferred compensation, supplemental retirement, severance and change - in - control plans); • Retirement plans (e.g., 401 (k) plans, traditional defined benefit pension plans and ESOPs); and • Health and welfare plans (including COBRA and HIPAA compliance), and other fringe benefit pro
Equity and performance based plans (e.g., annual and long - term incentive plans, stock option, restricted stock, performance share and broad - based
equity plans); • Executive plans (e.g., deferred compensation, supplemental retirement, severance and change - in - control plans); • Retirement plans (e.g., 401 (k) plans, traditional defined benefit pension plans and ESOPs); and • Health and welfare plans (including COBRA and HIPAA compliance), and other fringe benefit pro
equity plans); • Executive plans (e.g., deferred
compensation, supplemental retirement, severance and change - in - control plans); • Retirement plans (e.g., 401 (k) plans, traditional defined benefit pension plans and ESOPs); and • Health and welfare plans (
including COBRA and HIPAA compliance), and other fringe benefit programs.
Given the absence of a public trading market of our common stock, and in accordance with the American Institute of Certified Public Accountants Accounting and Valuation Guide, Valuation of Privately - Held Company
Equity Securities Issued as
Compensation, our board of directors exercised reasonable judgment and considered numerous and subjective factors to determine the best estimate of fair value of our common stock,
including independent third - party valuations of our common stock; the prices at which we sold shares of our convertible preferred stock to outside investors in arms - length transactions; the rights, preferences, and privileges of our convertible preferred stock relative to those of our common stock; our operating results, financial position, and capital resources; current business conditions and projections; the lack of marketability of our common stock; the hiring of key personnel and the experience of our management; the introduction of new products; our stage of development and material risks related to our business; the fact that the option grants involve illiquid securities in a private company; the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the prevailing market conditions and the nature and history of our business; industry trends and competitive environment; trends in consumer spending,
including consumer confidence; and overall economic indicators,
including gross domestic product, employment, inflation and interest rates, and the general economic outlook.
The
Compensation Committee is responsible primarily for reviewing the compensation arrangements for the Company's executive officers, including the CEO, administering the Company's equity compensation plans, and reviewing the Board's c
Compensation Committee is responsible primarily for reviewing the
compensation arrangements for the Company's executive officers, including the CEO, administering the Company's equity compensation plans, and reviewing the Board's c
compensation arrangements for the Company's executive officers,
including the CEO, administering the Company's
equity compensation plans, and reviewing the Board's c
compensation plans, and reviewing the Board's
compensationcompensation.
In addition, going forward, our
compensation committee may also consider recommendations developed by our
compensation consultant,
including information regarding comparative stock ownership and
equity grants received by the executives in our peer group.
The number shown here is a three - year average, and
includes additional «All Other
Compensation» and the grant date fair value of
equity as determined after the grant for financial purposes.
However, the Company's Condensed Combined Balance Sheets do not
include any net benefit plan obligations unless the benefit plan only
includes active, retired and other former Company employees or any
equity related to stock - based
compensation plans.
As of November 11, 2013, a total of 20.873 million shares of the Company's common stock were subject to all outstanding awards granted under the Company's
equity compensation plans (
including the shares then subject to outstanding awards under the 2003 Plan and the Director Plan, as well as outstanding awards assumed by the Company in connection with acquisitions, but exclusive of shares that employees may purchase under the Employee Stock Purchase Plan), of which 17.265 million shares were then subject to outstanding restricted stock unit awards and 3.608 million shares were then subject to outstanding stock options.
The objectives of our long - term incentive awards,
including equity - based
compensation, are to encourage executives to focus on our long - term growth and to incentivize executives to manage our company from the perspective of stockholders with a meaningful stake in our success.
Adjusted EBITDA is defined as net income / (loss) from continuing operations before interest expense, other expense / (income), net, provision for / (benefit from) income taxes; in addition to these adjustments, the Company excludes, when they occur, the impacts of depreciation and amortization (excluding integration and restructuring expenses)(
including amortization of postretirement benefit plans prior service credits), integration and restructuring expenses, merger costs, unrealized losses / (gains) on commodity hedges, impairment losses, losses / (gains) on the sale of a business, nonmonetary currency devaluation (e.g., remeasurement gains and losses), and
equity award
compensation expense (excluding integration and restructuring expenses).
The Enterprise
Compensation Committee discharges the board of directors» responsibilities relating to the compensation of our executives and directors; reviews and discusses with management the Compensation Discussion and Analysis and performs other reviews and analyses and makes additional disclosures as required of compensation committees by the rules of the SEC or applicable exchange listing requirements; provides general oversight of our compensation structure, including our equity compensation plans and benefits programs, and confirms that these plans and programs do not encourage risk taking that is reasonably likely to have a material adverse effect on Hewlett Packard Enterprise; reviews and provides guidance on our human resources programs; and retains and approves the retention terms of the Enterprise Compensation Committee's independent compensation consultants and other independent compensat
Compensation Committee discharges the board of directors» responsibilities relating to the
compensation of our executives and directors; reviews and discusses with management the Compensation Discussion and Analysis and performs other reviews and analyses and makes additional disclosures as required of compensation committees by the rules of the SEC or applicable exchange listing requirements; provides general oversight of our compensation structure, including our equity compensation plans and benefits programs, and confirms that these plans and programs do not encourage risk taking that is reasonably likely to have a material adverse effect on Hewlett Packard Enterprise; reviews and provides guidance on our human resources programs; and retains and approves the retention terms of the Enterprise Compensation Committee's independent compensation consultants and other independent compensat
compensation of our executives and directors; reviews and discusses with management the
Compensation Discussion and Analysis and performs other reviews and analyses and makes additional disclosures as required of compensation committees by the rules of the SEC or applicable exchange listing requirements; provides general oversight of our compensation structure, including our equity compensation plans and benefits programs, and confirms that these plans and programs do not encourage risk taking that is reasonably likely to have a material adverse effect on Hewlett Packard Enterprise; reviews and provides guidance on our human resources programs; and retains and approves the retention terms of the Enterprise Compensation Committee's independent compensation consultants and other independent compensat
Compensation Discussion and Analysis and performs other reviews and analyses and makes additional disclosures as required of
compensation committees by the rules of the SEC or applicable exchange listing requirements; provides general oversight of our compensation structure, including our equity compensation plans and benefits programs, and confirms that these plans and programs do not encourage risk taking that is reasonably likely to have a material adverse effect on Hewlett Packard Enterprise; reviews and provides guidance on our human resources programs; and retains and approves the retention terms of the Enterprise Compensation Committee's independent compensation consultants and other independent compensat
compensation committees by the rules of the SEC or applicable exchange listing requirements; provides general oversight of our
compensation structure, including our equity compensation plans and benefits programs, and confirms that these plans and programs do not encourage risk taking that is reasonably likely to have a material adverse effect on Hewlett Packard Enterprise; reviews and provides guidance on our human resources programs; and retains and approves the retention terms of the Enterprise Compensation Committee's independent compensation consultants and other independent compensat
compensation structure,
including our
equity compensation plans and benefits programs, and confirms that these plans and programs do not encourage risk taking that is reasonably likely to have a material adverse effect on Hewlett Packard Enterprise; reviews and provides guidance on our human resources programs; and retains and approves the retention terms of the Enterprise Compensation Committee's independent compensation consultants and other independent compensat
compensation plans and benefits programs, and confirms that these plans and programs do not encourage risk taking that is reasonably likely to have a material adverse effect on Hewlett Packard Enterprise; reviews and provides guidance on our human resources programs; and retains and approves the retention terms of the Enterprise
Compensation Committee's independent compensation consultants and other independent compensat
Compensation Committee's independent
compensation consultants and other independent compensat
compensation consultants and other independent
compensationcompensation experts.
A: As described in more detail in «
Equity Compensation Analysis,» our analysis does not
include a burn rate comparison or an absolute limit on total potential dilution; the display of «burn rate» and «run rate» in our analyses is for informational purposes and does not affect the scoring in our quantitative model.
Julian Hamud joined Glass Lewis in 2013 and currently manages the specialized research team analyzing North American
compensation issues,
including proposals relating to Say - on - Pay and
equity plans.
A: Glass Lewis Realizable Pay is calculated over a three - year period and
includes: actual salary received; actual incentive cash granted and earned; the intrinsic value of time - vesting
equity granted; the intrinsic value of performance - based
equity granted and earned; and all other
compensation paid.
In response to shareholder feedback, the company revamped its executive
compensation program by introducing a formulaic bonus scheme (which
included metrics based on TSR, production, expenses, and margins), conditioning
equity awards on performance metrics (relative TSR and absolute cash flow), and reducing Mr. Nichols» salary by one - third.
The article helps develop the rule of thumb that the total
compensation for the board should equal the CEO's
compensation package -
including cash and
equity.
Other specific duties and responsibilities of the HR and
Compensation Committee include reviewing senior management selection and overseeing succession planning, including reviewing the leadership development process; reviewing and approving objectives relevant to executive officer compensation and evaluating performance and determining the compensation of executive officers in accordance with those objectives; approving severance arrangements and other applicable agreements for executive officers; overseeing HP's equity and incentive compensation plans; overseeing non-equity-based benefit plans and approving any changes to such plans involving a material financial commitment by HP; monitoring workforce management programs; establishing compensation policies and practices for service on the Board and its committees, including annually reviewing the appropriate level of director compensation and recommending to the Board any changes to that compensation; developing stock ownership guidelines for directors and executive officers and monitoring compliance with such guidelines; and annually evaluating its performance and
Compensation Committee
include reviewing senior management selection and overseeing succession planning,
including reviewing the leadership development process; reviewing and approving objectives relevant to executive officer
compensation and evaluating performance and determining the compensation of executive officers in accordance with those objectives; approving severance arrangements and other applicable agreements for executive officers; overseeing HP's equity and incentive compensation plans; overseeing non-equity-based benefit plans and approving any changes to such plans involving a material financial commitment by HP; monitoring workforce management programs; establishing compensation policies and practices for service on the Board and its committees, including annually reviewing the appropriate level of director compensation and recommending to the Board any changes to that compensation; developing stock ownership guidelines for directors and executive officers and monitoring compliance with such guidelines; and annually evaluating its performance and
compensation and evaluating performance and determining the
compensation of executive officers in accordance with those objectives; approving severance arrangements and other applicable agreements for executive officers; overseeing HP's equity and incentive compensation plans; overseeing non-equity-based benefit plans and approving any changes to such plans involving a material financial commitment by HP; monitoring workforce management programs; establishing compensation policies and practices for service on the Board and its committees, including annually reviewing the appropriate level of director compensation and recommending to the Board any changes to that compensation; developing stock ownership guidelines for directors and executive officers and monitoring compliance with such guidelines; and annually evaluating its performance and
compensation of executive officers in accordance with those objectives; approving severance arrangements and other applicable agreements for executive officers; overseeing HP's
equity and incentive
compensation plans; overseeing non-equity-based benefit plans and approving any changes to such plans involving a material financial commitment by HP; monitoring workforce management programs; establishing compensation policies and practices for service on the Board and its committees, including annually reviewing the appropriate level of director compensation and recommending to the Board any changes to that compensation; developing stock ownership guidelines for directors and executive officers and monitoring compliance with such guidelines; and annually evaluating its performance and
compensation plans; overseeing non-
equity-based benefit plans and approving any changes to such plans involving a material financial commitment by HP; monitoring workforce management programs; establishing
compensation policies and practices for service on the Board and its committees, including annually reviewing the appropriate level of director compensation and recommending to the Board any changes to that compensation; developing stock ownership guidelines for directors and executive officers and monitoring compliance with such guidelines; and annually evaluating its performance and
compensation policies and practices for service on the Board and its committees,
including annually reviewing the appropriate level of director
compensation and recommending to the Board any changes to that compensation; developing stock ownership guidelines for directors and executive officers and monitoring compliance with such guidelines; and annually evaluating its performance and
compensation and recommending to the Board any changes to that
compensation; developing stock ownership guidelines for directors and executive officers and monitoring compliance with such guidelines; and annually evaluating its performance and
compensation; developing stock ownership guidelines for directors and executive officers and monitoring compliance with such guidelines; and annually evaluating its performance and its charter.
In addition, the HR and
Compensation Committee may delegate any of its duties and responsibilities,
including the administration of
equity incentive or employee benefit plans, to one or more of its members, to one or more other directors, or to one or more other persons, unless otherwise prohibited by applicable laws or listing standards.
Changes from the previous edition
include updates for changes in tax rates, discussion of the new surtax on net investment income and how it affects option strategies, and a new chapter on income tax reporting for all types of
equity compensation.
«Goodwin's 27 - 1
compensation ratio
includes both
equity and non-
equity partners since ours is a two - tier partnership,» Goodwin CFO Jon Kanter said in a statement.
He advises clients on federal and state tax issues,
including business formations,
equity compensation, mergers and acquisitions, debt and
equity offerings, tax accounting, and other tax planning matters.
The firm's areas of practice
include: advising the multinational and multi-jurisdictional employer; Industrial Relations Board proceedings; collective agreements and bargaining;
compensation and benefits plans; construction labour relations; employee relations; executive employment agreements and
compensation; grievance arbitration; human rights and accommodation; injunctive court proceedings and judicial review; interest arbitration; Labour Relations Board proceedings; management training; mediation and alternative dispute resolution; occupational health and safety; outsourcing; pay
equity; privacy; responding to union organizing and applications for certification sale or closure; strike or lock - out preparation and business continuity planning; workplace investigations; workplace safety and insurance; wrongful and constructive dismissal litigation.
Members of our Tax Group advise clients regarding the federal, state and local income tax consequences of various types of
compensation arrangements, ranging from nonqualified deferred
compensation arrangements,
including rabbi trusts and secular trusts, to complex
equity incentive arrangements for participants in partnerships and limited liability companies.