Return on invested capital (ROIC) was added to Hurco Companies»
executive compensation plan in 2014 as a target goal for performance - based equity awards.
ROIC was added to Hasbro's
executive compensation plan in 2015 based on shareholder feedback.
In a filing with the SEC submitted last Wednesday, the company revealed that 87.7 million shares had voted against the company's
executive compensation plan in a Say on Pay vote at Cheniere's annual meeting on September 11.
Not exact matches
Steve Seelig, senior regulatory advisor at benefits consulting firm Willis Towers Watson, said that, of three changes related to
executive compensation in the tax reform
plan — the other two involve stock options and performance - based pay — it's the hit on tax - exempt
executive compensation that is the most significant.
Walt Disney Co shareholders rejected an
executive compensation plan that could reward Chief Executive Officer Bob Iger with up to $ 48.5 million a year over four years plus an equity grant worth about $ 100 million, in a non-binding vote on
executive compensation plan that could reward Chief
Executive Officer Bob Iger with up to $ 48.5 million a year over four years plus an equity grant worth about $ 100 million, in a non-binding vote on
Executive Officer Bob Iger with up to $ 48.5 million a year over four years plus an equity grant worth about $ 100 million,
in a non-binding vote on Thursday.
Fifty - two percent of shareholders voted against Disney's
compensation plan for Iger and other
executives, the company said at its annual shareholder meeting
in Houston.
We note that,
in accordance with Rule 14 (a)-6 (a), Apple was not required to file preliminary proxy materials with the Commission because the matters to be acted on at the meeting are limited to (1) the election of directors, (2) the ratification of accountants, (3) a vote on an advisory resolution to approve
executive compensation, (4) the approval of the
Plan described above, which is a «plan» as defined in paragraph (a)(6)(ii) of Item 402 of Regulation S - K, and (5) shareholder proposals pursuant to Rule 14a
Plan described above, which is a «
plan» as defined in paragraph (a)(6)(ii) of Item 402 of Regulation S - K, and (5) shareholder proposals pursuant to Rule 14a
plan» as defined
in paragraph (a)(6)(ii) of Item 402 of Regulation S - K, and (5) shareholder proposals pursuant to Rule 14a - 8.
Other than periodic incentive
plans that were historically provided to Mr. McNeill based on the achievement of specific customer - related metrics, including as set forth under the «Non-Equity Incentive
Plan Compensation» column
in «
Executive Compensation — Summary Compensation Table» below, we do not currently have or have planned any specific arrangements with our named executive officers providing for cash - based bonu
Executive Compensation — Summary
Compensation Table» below, we do not currently have or have
planned any specific arrangements with our named
executive officers providing for cash - based bonu
executive officers providing for cash - based bonus awards.
The
Compensation Committee believes that the annual performance metrics used in the bonus plan contribute to driving long - term stockholder value, play an important role in influencing executive performance and are an important component of our compensation program to help attract, motivate and retain our executives and othe
Compensation Committee believes that the annual performance metrics used
in the bonus
plan contribute to driving long - term stockholder value, play an important role
in influencing
executive performance and are an important component of our
compensation program to help attract, motivate and retain our executives and othe
compensation program to help attract, motivate and retain our
executives and other employees.
To further ensure a clear and direct link between the firm's performance and our
executives»
compensation, in December 2010 the Compensation Committee adopted a long - term performance incentive
compensation,
in December 2010 the
Compensation Committee adopted a long - term performance incentive
Compensation Committee adopted a long - term performance incentive
plan (LTIP).
If you hold your shares
in street name, it is critical that you cast your vote if you want it to count
in the election of directors, the vote to approve the amendment to our Amended and Restated Certificate of Incorporation, the vote to approve the amendment and restatement of our 2013 Equity Incentive
Plan, the advisory vote to approve named
executive officer
compensation, and the stockholder proposals requesting: (i) the elimination of supermajority voting requirements, (ii) the adoption of a policy to consider employee pay ranges when setting CEO
compensation, and (iii) a report on Salesforce's criteria for investing
in, operating
in and withdrawing from high - risk regions (Proposals 1, 2, 3, 5, 6, 7 and 8
in this Proxy Statement).
«Total CEO realized
compensation» for a given year is defined as (i) Mr. Musk's salary, cash bonuses, non-equity incentive plan compensation and all other compensation as reported in «Executive Compensation — Summary Compensation Table» below, plus (ii) with respect to any stock option exercised by Mr. Musk in such year in connection with which shares of stock were also sold other than to satisfy the resulting tax liability, if any, the difference between the market price of Tesla common stock at the time of exercise on the exercise date and the exercise price of the option, plus (iii) with respect to any restricted stock unit vested by Mr. Musk in such year in connection with which shares of stock were also sold other than automatic sales to satisfy the Company's withholding obligations related to the vesting of such restricted stock unit, if any, the market price of Tesla common stock at the time of vesting, plus (iv) any cash actually received by Mr. Musk in respect of any shares sold to cover tax liabilities as described in (ii) and (iii) above, following the payment of s
compensation» for a given year is defined as (i) Mr. Musk's salary, cash bonuses, non-equity incentive
plan compensation and all other compensation as reported in «Executive Compensation — Summary Compensation Table» below, plus (ii) with respect to any stock option exercised by Mr. Musk in such year in connection with which shares of stock were also sold other than to satisfy the resulting tax liability, if any, the difference between the market price of Tesla common stock at the time of exercise on the exercise date and the exercise price of the option, plus (iii) with respect to any restricted stock unit vested by Mr. Musk in such year in connection with which shares of stock were also sold other than automatic sales to satisfy the Company's withholding obligations related to the vesting of such restricted stock unit, if any, the market price of Tesla common stock at the time of vesting, plus (iv) any cash actually received by Mr. Musk in respect of any shares sold to cover tax liabilities as described in (ii) and (iii) above, following the payment of s
compensation and all other
compensation as reported in «Executive Compensation — Summary Compensation Table» below, plus (ii) with respect to any stock option exercised by Mr. Musk in such year in connection with which shares of stock were also sold other than to satisfy the resulting tax liability, if any, the difference between the market price of Tesla common stock at the time of exercise on the exercise date and the exercise price of the option, plus (iii) with respect to any restricted stock unit vested by Mr. Musk in such year in connection with which shares of stock were also sold other than automatic sales to satisfy the Company's withholding obligations related to the vesting of such restricted stock unit, if any, the market price of Tesla common stock at the time of vesting, plus (iv) any cash actually received by Mr. Musk in respect of any shares sold to cover tax liabilities as described in (ii) and (iii) above, following the payment of s
compensation as reported
in «
Executive Compensation — Summary Compensation Table» below, plus (ii) with respect to any stock option exercised by Mr. Musk in such year in connection with which shares of stock were also sold other than to satisfy the resulting tax liability, if any, the difference between the market price of Tesla common stock at the time of exercise on the exercise date and the exercise price of the option, plus (iii) with respect to any restricted stock unit vested by Mr. Musk in such year in connection with which shares of stock were also sold other than automatic sales to satisfy the Company's withholding obligations related to the vesting of such restricted stock unit, if any, the market price of Tesla common stock at the time of vesting, plus (iv) any cash actually received by Mr. Musk in respect of any shares sold to cover tax liabilities as described in (ii) and (iii) above, following the payment of s
Compensation — Summary
Compensation Table» below, plus (ii) with respect to any stock option exercised by Mr. Musk in such year in connection with which shares of stock were also sold other than to satisfy the resulting tax liability, if any, the difference between the market price of Tesla common stock at the time of exercise on the exercise date and the exercise price of the option, plus (iii) with respect to any restricted stock unit vested by Mr. Musk in such year in connection with which shares of stock were also sold other than automatic sales to satisfy the Company's withholding obligations related to the vesting of such restricted stock unit, if any, the market price of Tesla common stock at the time of vesting, plus (iv) any cash actually received by Mr. Musk in respect of any shares sold to cover tax liabilities as described in (ii) and (iii) above, following the payment of s
Compensation Table» below, plus (ii) with respect to any stock option exercised by Mr. Musk
in such year
in connection with which shares of stock were also sold other than to satisfy the resulting tax liability, if any, the difference between the market price of Tesla common stock at the time of exercise on the exercise date and the exercise price of the option, plus (iii) with respect to any restricted stock unit vested by Mr. Musk
in such year
in connection with which shares of stock were also sold other than automatic sales to satisfy the Company's withholding obligations related to the vesting of such restricted stock unit, if any, the market price of Tesla common stock at the time of vesting, plus (iv) any cash actually received by Mr. Musk
in respect of any shares sold to cover tax liabilities as described
in (ii) and (iii) above, following the payment of such amounts.
Our HCM Division assisted our
Compensation Committee in the Committee's review of compensation plans at other financial services firms by providing the Committee with information relating to compensation plan design and compensation levels for named executive officers and other senior employees at
Compensation Committee
in the Committee's review of
compensation plans at other financial services firms by providing the Committee with information relating to compensation plan design and compensation levels for named executive officers and other senior employees at
compensation plans at other financial services firms by providing the Committee with information relating to
compensation plan design and compensation levels for named executive officers and other senior employees at
compensation plan design and
compensation levels for named executive officers and other senior employees at
compensation levels for named
executive officers and other senior employees at these firms.
In August 2012, to create incentives for continued long - term success from the then - recently launched Model S program as well as from Tesla's then - planned Model X and Model 3 programs, and to further align executive compensation with increases in stockholder value, the Board granted to Mr. Musk a stock option award to purchase 5,274,901 shares of Tesla's common stock (the «2012 CEO Performance Award»), representing 5 % of Tesla's total issued and outstanding shares at the time of gran
In August 2012, to create incentives for continued long - term success from the then - recently launched Model S program as well as from Tesla's then -
planned Model X and Model 3 programs, and to further align
executive compensation with increases
in stockholder value, the Board granted to Mr. Musk a stock option award to purchase 5,274,901 shares of Tesla's common stock (the «2012 CEO Performance Award»), representing 5 % of Tesla's total issued and outstanding shares at the time of gran
in stockholder value, the Board granted to Mr. Musk a stock option award to purchase 5,274,901 shares of Tesla's common stock (the «2012 CEO Performance Award»), representing 5 % of Tesla's total issued and outstanding shares at the time of grant.
See «
Executive Compensation — Grants of
Plan - Based Awards
in 2017» below.
An «Employer Sponsored Retirement
Plan» is a Qualified Retirement
Plan, ERISA covered 403 (b) and certain non-qualified deferred
compensation arrangements that operate
in a similar manner to a Qualified Retirement
Plan, such as 457
plans and
executive deferred
compensation arrangements, but not including employer sponsored IRAs.
If you vote by proxy card or voting instruction card and sign the card without giving specific instructions, your shares will be voted
in accordance with the recommendations of the Board (FOR all of HP's nominees to the Board, FOR ratification of the appointment of HP's independent registered public accounting firm, FOR the approval of the
compensation of HP's named
executive officers, FOR the approval of an annual advisory vote on
executive compensation, FOR the Hewlett - Packard Company 2011 Employee Stock Purchase
Plan and FOR the approval of an amendment to the Hewlett - Packard Company 2005 Pay - for - Results Plan to extend the term of the pl
Plan and FOR the approval of an amendment to the Hewlett - Packard Company 2005 Pay - for - Results
Plan to extend the term of the pl
Plan to extend the term of the
planplan).
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.
That included setting up
executive compensation packages with a basic performance - based stock option
plan — a legally compliant one similar to its competitors
in the service industry — with the intention of refining the package later on.
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;
Long - term
compensation, generally in the form of stock option grants under our Long - Term Incentive Compensation Plan (LTICP), to reward named executives for contributions to growth in stockholder value over th
compensation, generally
in the form of stock option grants under our Long - Term Incentive
Compensation Plan (LTICP), to reward named executives for contributions to growth in stockholder value over th
Compensation Plan (LTICP), to reward named
executives for contributions to growth
in stockholder value over the long term;
In order to better understand the terms of our plans and programs under which the compensation shown in the Summary Compensation Table was earned, stockholders should also consider the additional information we provide below about compensation for our named executive
In order to better understand the terms of our
plans and programs under which the
compensation shown in the Summary Compensation Table was earned, stockholders should also consider the additional information we provide below about compensation for our named
compensation shown
in the Summary Compensation Table was earned, stockholders should also consider the additional information we provide below about compensation for our named executive
in the Summary
Compensation Table was earned, stockholders should also consider the additional information we provide below about compensation for our named
Compensation Table was earned, stockholders should also consider the additional information we provide below about
compensation for our named
compensation for our named
executives.
Awards under the Bonus
Plan may be granted only to
executive officers of the Company who are selected to participate
in the Bonus
Plan by the
compensation committee of the Company's Board of Directors (the «Committee»).
In addition, many companies have
executive compensation plans that incentivize excessive share buybacks, either directly or indirectly.
Named
executives and certain other highly compensated team members also can participate
in our Deferred
Compensation Plan.
In 1982, using interviews and proxy statements, they examined
compensation programs at 90 major U.S. companies to determine whether return to shareholders was better for corporations that had incentive
plans for top
executives than it was for those companies that had no such
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 Agreemen
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 Agreemen
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 Agreemen
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 Agreemen
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.»
Notwithstanding the foregoing, we may pay bonuses (including, without limitation, discretionary bonuses) to participants under the
Executive Bonus
Plan based upon such other terms and conditions as our
compensation committee may
in its sole discretion determine.
Written by NCEO founder Corey Rosen, this issue brief discusses as of mid-2016 the extent and growth of employee ownership; survey data on ESOPs and corporate governance as well as ESOPs and
executive compensation; research on the effect of ESOPs on corporate performance; the 2012 shared capitalism study of Great Place to Work applicants; data on employee ownership and employee financial well - being; the NCEO's analysis of data on ESOPs and default rates; trends
in broad - based equity
compensation plans; equity
compensation and corporate performance; the impact of ESOPs and other broad - based
plans on unemployment; legislative and regulatory issues for employee ownership; and international developments
in broad - based
plans.
The Approved: May 23, 2014 Committee is not required to assess the independence of any
compensation consultant or other advisor that acts
in a role limited to consulting on any broad - based
plan that does not discriminate
in scope, terms or operation
in favor of
executive officers or directors and that is generally available to all salaried employees or providing information that is not customized for a particular company or that is customized based on parameters that are not developed by the consultant or advisor, and about which the consultant or advisor does not provide advice.
The number of shares of our Class A common stock outstanding after this offering as shown
in the tables above is based on the number of shares outstanding as of September 24, 2014, after giving effect to the Transactions and the Assumed Redemption, and excludes 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 (i) 2,689,486 shares of Class A common stock issuable upon the 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 Compen
Executive Compensation — New Employment Agreements and Incentive
Plans»), consisting of (i) 2,689,486 shares of Class A common stock issuable upon the 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 Compen
executive officers,
in connection with this offering as described
in «
Executive Compen
Executive Compensation --
The payment of a bonus under the
Executive Bonus
Plan to a participant with respect to a performance period will generally be conditioned on such participant's continued employment on the last day of such performance period, provided that our
compensation committee may make exceptions to this requirement
in its sole discretion.
We do not maintain nonqualified deferred
compensation plans, supplemental
executive retirement
plan benefits, cash severance programs, or change -
in - control benefits for our
executive officers.
• 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 programs.
The number of shares of our Class A common stock outstanding after this offering as shown
in the tables above is based on the number of shares outstanding as of September 24, 2014, after giving effect to the Transactions and the Assumed Redemption, and excludes 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 (i) shares of Class A common stock issuable upon the 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
Executive Compensation — New Employment Agreements and Incentive
Plans»), consisting of (i) shares of Class A common stock issuable upon the 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
executive officers,
in connection with this offering as described
Inc., to review our existing
executive compensation program and to assist us
in evaluating potential changes to our program following an assessment of the
compensation plans used by a peer group of publicly traded commercial airlines and transportation companies.
Following the completion of this offering, we
plan to continue to work with independent
compensation consultants to maintain a list of peer group public companies of similar size and
in comparable industries which our
compensation committee can reference when analyzing
executive officer
compensation to ensure our
executive compensation program is, and remains, competitive and offers the appropriate retention and performance incentives.
Unfortunately, only four of the 69 Danger Zone companies referenced above include return on invested capital (ROIC)
in their
executive compensation plans.
EVA has been a target metric
in Standard Motor's
executive compensation plan since 1998.
Since 2014, 53 out of 69 companies placed
in the Danger Zone have
executive compensation plans directly related to non-GAAP metrics.
Hanna is chairman of Hanna Global Solutions, an employee benefits advisory and administration firm providing global human resource management solutions, and CEO of Hanna Insurance and Financial Solutions Inc., a firm specializing
in executive compensation and legacy
planning.
ROIC has been a target metric
in Sysco's
executive compensation plan since 2012.
Here's a letter to the board of Biglari Holdings re:
executive compensation [Noise Free Investing] & then more thoughts on Biglari's
compensation agreement [My Investing Notebook] Where things stand
in the market [Bespoke Investment Group] A list of stocks Nasdaq is canceling trades
in from yesterday's madness [Business Insider] The best interest rate chart
in the world [Trader's Narrative] A great macro overview from Barry Ritholtz [The Big Picture] A look at John Paulson's possible ownership of Bear Stearns CDOs [Zero Hedge] John Mauldin on the future of public debt [Advisor Perspectives] Top buys & sells from Morningstar's ultimate stock pickers [Morningstar] The truth about «Sell
in May & Go Away» [WSJ] An interview with hedge fund manager Hugh Hendry [Investment Week] Bill Ackman: Let's have a public registry for stock opinion [Barron's] Hedge fund Harbinger hires ex-Orange chief for wireless
plan [Dealbook] & Deutsche Telekom has been
in talks with Harbinger [FT] Hedge funds begin to restructure fee system [FT]
Among other factors, the Talent and
Compensation Committee considers the level of representation of women
in executive officer and managerial positions when making appointments and considering succession
planning; however, the Company does not have a specific target number or date by which to achieve a specific number of women, as it considers a multitude of factors
in determining the best person for any position.
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.
The
Compensation Committee believed that growth
in non-GAAP pre-tax profits is the most appropriate measure for the
Executive Bonus
Plan because it is the measure regularly used by our management internally to understand, manage and evaluate our business and make operating decisions.
In accordance with the terms of the
Executive Bonus
Plan, each year the
Compensation Committee assigns each participant a target award cash bonus opportunity and establishes the financial performance measure or measures and related target levels that must be achieved before an award actually will be paid to the participant for that year.
The actual payout amounts for fiscal 2014 under the
Executive Bonus
Plan are reported
in the Non-Equity Incentive
Plan Compensation column of the Summary
Compensation Table above.
Poughkeepsie, NY... As part of continuing efforts to offer shared services, deliver greater efficiencies and overall reduce the cost of government, Dutchess County
Executive Marcus J. Molinaro is expanding the opportunity for Dutchess County municipalities and public agencies to participate
in the County's Self - insured Worker's
Compensation Plan as a way to reduce premium costs.
An «Employer Sponsored Retirement
Plan» is a Qualified Retirement
Plan, ERISA covered 403 (b) and certain non-qualified deferred
compensation arrangements that operate
in a similar manner to a Qualified Retirement
Plan, such as 457
plans and
executive deferred
compensation arrangements, but not including employer sponsored IRAs.