Not exact matches
The letter the AFL - CIO sent to Goldman Sachs
on November 20 notes that accelerated vesting of
incentive pay
awards goes completely against the goal of employee retention.
In 2014, over 97 % of the company's employees received long - term
incentive benefits, which are
awarded based
on their performance.
These limits forbade cash bonuses and set a cap
on the only form of
incentive pay that banks could
award, which was restricted stock worth 50 % of an employee's salary.
Gorman's compensation jumped to $ 16 million last year, according to the bank's annual proxy statement - up from $ 12 million the year before - plus an additional $ 6.5 million in long - term
incentive awards based
on performance targets.
Based
on performance assessments, the CEO attends a meeting of the Compensation Committee held for the purpose of considering the individual executives» annual compensation and recommends the base salary and any
incentive bonus
awards or long - term
incentive awards, if applicable, for each of the executive officers, including the named executive officers.
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
One - third of performance share
awards, which make up 50 % of long - term
incentive compensation, are tied to average return
on invested capital over a three - year period.
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
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
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 bonus
awards.
As described under «Item 4 — Approve the Amended and Restated Long - Term
Incentive Compensation Plan»
on page 88 of this proxy statement, the Board is proposing to amend the LTICP to permit grants of equity
awards to non-employee directors.
This grade was
awarded as a result of the budget's focus
on incentives to promote small and medium - sized businesses, improve gender diversity in business, and bolster national infrastructure.
As discussed in the CD&A under «Compensation Components» and «Achieving Compensation Objectives — Pay for Performance,» we have provided
incentive compensation in the form of an annual cash
incentive award based
on Company, business line and individual qualitative performance results for each fiscal year, and long - term
incentive compensation generally in the form of stock option grants and, in certain circumstances, RSRs to reward our SEOs for contribution to growth in long - term stockholder value.
The following table provides information
on awards granted under the PfR Plan for fiscal 2010 and
awards of PRUs and
awards of restricted stock units («RSUs») granted as part of fiscal 2010 long - term
incentive compensation:
On December 31, 2009, the Company had 5.18 billion outstanding shares of common stock, and approximately 734 million shares reserved for issuance for outstanding convertible preferred stock, the warrant issued in connection with the TARP CPP investment, dividend reinvestment, deferred compensation plans, long - term
incentive compensation
awards, and in connection with employee benefit plans.
The Committee may grant dividend equivalents to any Participant based
on the dividends declared
on shares of Common Stock that are subject to any
Incentive Award during the period between the date the
Incentive Award is granted and the date the
Incentive Award is exercised, vests, pays out, or expires.
If we terminate Mr. Drexler's employment without cause or he terminates his employment with good reason, Mr. Drexler will be entitled to receive (i) a payment of his earned but unpaid annual base salary through the termination date, any accrued vacation pay and any un-reimbursed expenses, and (ii) subject to Mr. Drexler's execution of a valid general release and waiver of claims against us, as well as his compliance with the non-competition, non-solicitation and confidential information restrictions described below, (a) a payment equal to his annual base salary and target cash
incentive award, one - half of such payment to be paid on the first business day that is six (6) months and one (1) day following the termination date and the remaining one - half of such payment to be paid in six equal monthly installments commencing on the first business day of the seventh calendar month following the termination date, (b) a payment equal to the product of (x) the last annual cash incentive award Mr. Drexler received prior to the termination date and (y) a fraction, the numerator of which is the number of days of service completed by Mr. Drexler in the year of termination and the denominator of which is 365, such amount to be paid on the first business day that is six (6) months and one (1) day following the termination date, and (c) the immediate vesting of such portion of unvested restricted shares and stock options as provided and pursuant to the terms of the relevant grant agreements under our 2003 Equity Incent
incentive award, one - half of such payment to be paid
on the first business day that is six (6) months and one (1) day following the termination date and the remaining one - half of such payment to be paid in six equal monthly installments commencing
on the first business day of the seventh calendar month following the termination date, (b) a payment equal to the product of (x) the last annual cash
incentive award Mr. Drexler received prior to the termination date and (y) a fraction, the numerator of which is the number of days of service completed by Mr. Drexler in the year of termination and the denominator of which is 365, such amount to be paid on the first business day that is six (6) months and one (1) day following the termination date, and (c) the immediate vesting of such portion of unvested restricted shares and stock options as provided and pursuant to the terms of the relevant grant agreements under our 2003 Equity Incent
incentive award Mr. Drexler received prior to the termination date and (y) a fraction, the numerator of which is the number of days of service completed by Mr. Drexler in the year of termination and the denominator of which is 365, such amount to be paid
on the first business day that is six (6) months and one (1) day following the termination date, and (c) the immediate vesting of such portion of unvested restricted shares and stock options as provided and pursuant to the terms of the relevant grant agreements under our 2003 Equity
IncentiveIncentive Plan.
The Committee shall, promptly after the date
on which the necessary financial, individual, or other information for a particular Performance Period becomes available, and in any event prior to the payment of any
Incentive Plan
Award intended to qualify for the Section 162 (m) Exemption to a Covered Employee, determine and certify the degree to which each of the Performance Goals has been attained.
The 2004 Plan permits the grant of the following types of
Awards: (1) nonstatutory stock options, incentive stock options and stock appreciation rights granted at the fair market value of our common stock on the date of grant (Fair Market Value Awards), and (2) restricted stock awards and restricted stock units (Full Value Aw
Awards: (1) nonstatutory stock options,
incentive stock options and stock appreciation rights granted at the fair market value of our common stock
on the date of grant (Fair Market Value
Awards), and (2) restricted stock awards and restricted stock units (Full Value Aw
Awards), and (2) restricted stock
awards and restricted stock units (Full Value Aw
awards and restricted stock units (Full Value
AwardsAwards).
The agreement provides for a cash
incentive award of $ 350,000 payable in two equal annual installments of $ 175,000
on August 28, 2009 and August 27, 2010.
shares by which the share reserve may increase automatically each year, (3) the class and maximum number of shares that may be issued
on the exercise of
incentive stock options, (4) the class and maximum number of shares subject to stock
awards that can be granted in a calendar year (as established under the 2017 Plan under Section 162 (m) of the Code), and (5) the class and number of shares and exercise price, strike price, or purchase price, if applicable, of all outstanding stock
awards.
in the case of our directors, officers, and security holders, (i) the receipt by the locked - up party from us of shares of Class A common stock or Class B common stock upon (A) the exercise or settlement of stock options or RSUs granted under a stock
incentive plan or other equity
award plan described in this prospectus or (B) the exercise of warrants outstanding and which are described in this prospectus, or (ii) the transfer of shares of Class A common stock, Class B common stock, or any securities convertible into Class A common stock or Class B common stock upon a vesting or settlement event of our securities or upon the exercise of options or warrants to purchase our securities
on a «cashless» or «net exercise» basis to the extent permitted by the instruments representing such options or warrants (and any transfer to us necessary to generate such amount of cash needed for the payment of taxes, including estimated taxes, due as a result of such vesting or exercise whether by means of a «net settlement» or otherwise) so long as such «cashless exercise» or «net exercise» is effected solely by the surrender of outstanding stock options or warrants (or the Class A common stock or Class B common stock issuable upon the exercise thereof) to us and our cancellation of all or a portion thereof to pay the exercise price or withholding tax and remittance obligations, provided that in the case of (i), the shares received upon such exercise or settlement are subject to the restrictions set forth above, and provided further that in the case of (ii), any filings under Section 16 (a) of the Exchange Act, or any other public filing or disclosure of such transfer by or
on behalf of the locked - up party, shall clearly indicate in the footnotes thereto that such transfer of shares or securities was solely to us pursuant to the circumstances described in this bullet point;
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.»
Even in cases where companies do not choose to provide or are barred by FINRA rules from providing noncash compensation
awards directly to agents, the report says, «they frequently provide cash or noncash
incentives to the third - party marketing organizations that then pass these
awards on to the agents.»
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 Compensation --
We expect that the 2015
Incentive Award Plan will be effective
on the date
on which it is adopted by our board of directors, subject to approval of such plan by our stockholders prior to the consummation of this offering.
Gorman's long - term
incentive awards will convert into shares in 2017, based
on meeting targets related to return
on equity and relative total shareholder return, according to the filing.
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 described
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.
On July 21, 2017, the board of directors of Croe, subject to the approval of Croe stockholders, adopted the Croe, Inc. 2017 Equity
Incentive Plan and authorized the reservation of 5,000,000 shares of common stock for issuance pursuant to
awards granted thereunder.
The following table provides information
on awards granted under the PfR Plan for fiscal 2011 and
awards of stock options, performance - contingent stock options («PCSOs»), restricted stock
awards, PRUs, RSUs, SIPRUs and SRRSUs granted as part of fiscal 2011 long - term
incentive compensation:
That's the thinking behind UFood Grill, the
award - winning fast - casual franchise where «delicious meets nutritious,» which today rolled out its new «Lean and Mean Deal» — a franchise
incentive program that will offer deep discounts for a limited time
on -LSB-...]
That's the thinking behind UFood Grill, the
award - winning fast - casual franchise where «delicious meets nutritious,» which today rolled out its new «Lean and Mean Deal» — a franchise
incentive program that will offer deep discounts for a limited time
on the initial franchise fee for multi-unit development agreements of three or more locations.
The Headmaster, who had personally read testimonies and interviewed students about the bullying, did not put a stop to it when someone offered a cash
incentive on the school website for people to cast their vote in order to bump up numbers for the coach so that he could get the
award.
Aremu also called for a «total ban
on importation to reinvent domestic refineries and beneficiation to crude oil,» alleging that the «NNPC is the only public corporation that annually
awards its directors long service
incentives for no service at all, for non-functioning refineries.»
Robert Pasinella, executive director of the Rensselaer County Industrial Development Agency, which
awards tax breaks to encourage economic growth, told The Alt
on Monday that he had had a preliminary discussion with Bryce about a potential
incentive package related to the building, but had said that any financial assistance would depend
on dollars invested and jobs created and that he'd need to see the project.
You can create
incentives for programs to find ways to address problems if you make
awards contingent
on meeting certain expectations.
Trophies are
awarded for skilful gameplay but even this is a poor
incentive to carry
on playing.
Other states
award a special education grant to each district, based
on past numbers of disabled students, thereby reducing any
incentive to over-identify students with disabilities.
Shares For Share
Incentive Plans (SIPs) the individual limits
on the «free» shares companies can
award to employees for 2014/15 will be increased from # 3,000 to # 3,600 per year and the individual limits
on the «partnership» shares employees can purchase will be increased from # 1,500 to # 1,800 per year (or 10 per cent of an employee's annual salary) For Save as You Earn (SAYE), the amount that employees can save and apply towards the purchase of share for 2014/15 will be increased from # 250 to # 500 per month With Annual Individual Savings Account (ISA) the subscription limit for 2014/15 will be # 11,880, of which # 5,940 can be invested in cash The annual subscription limit for Junior ISA and Child Trust Fund (CTF) for 2014/15 will increase from # 3,720 to # 3,840.
As an additional
incentive, Johnson noted, students who publish five reviews
on the site, as well as those whose reviews are chosen as Featured Submissions, are
awarded a certificate and a free book from the Literary Book Club committee.
Classroom - based rewards were tangible and implicit and included changing
incentives each week (tangible
awards — including vouchers redeemable for things like pizza parties, candy and food coupons, and t - shirts — were granted
on the basis of a 2 % increase in the homework return rate per week.
Each OA manages its
award funds to reward employees, teams, and units based
on results, and provide
incentives to employees to achieve high levels of performance.
Since then, SCASDP
awards have helped more than 300 communities develop projects tailored to their own air service needs, such as providing financial
incentives to carriers, conducting studies
on the possibilities of expanded service, and carrying out marketing programs to promote existing local service.
2017 Volvo S60 T5 Dynamic
Awards: * 2017 IIHS Top Safety Pick + See store to confirm your eligibility
on applicable rebates and
incentives.
After a first look, it seems to me that all they get is the equivalent amount of OXGN stock as VXGN stock (nothing special there besides the headache of having to do DD
on OXGN),
incentive payment for negotiating an end to the lease, and
incentive milestone payment in connection with the
awarding of a government contract to Emergent for the anthrax vaccine.
Based
on the step - up in FY - 2017 / 2018 revenue (per my estimates, see tables above), I propose Record's capable of earning a incremental 70 % operating profit margin — consistent with a relatively fixed cost base each year & an
incentive scheme which
awards employees 30 % of operating profits.
But, it could also have to do with the filing of an 8 - K
on May 2nd in which the general partners announced that 1.5 million units of class c units (eventually exchangeable into common units) were issued to management representing
incentive awards for 2012 and 2013.
The intent of the Health Committee with these
awards is to provide an
incentive for those breeders whose dogs produce a greater number of offspring to encourage the owners of those offspring to rise to the level of full health testing
on those offspring.
I've got an extra
incentive to check out the new Premium Economy cabin when I'm
on board as I suspect Cathay Pacific Premium Economy may be what I'll be booking the next time I can't find Business Class
award seats to Australia.
Set amidst our lush tropical grounds
on legendary Ka'anapali Beach, our meeting space lends heightened sensory awareness for your meeting, conference,
awards and
incentives banquet or corporate retreat.
Discover our prime setting and venues
on Ka'anapali Beach for your corporate retreat, board meetings or
awards and
incentives banquets.