Sentences with phrase «performance incentive plan»
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 plan (LTIP).
https://www.sec.gov/ Not exact matches
They are found more often among entrepreneurs and chief executives — the very people who put incentive plans in place to optimize performance — than in the population at large.
The Company uses the non-GAAP financial measures set forth in the news release in connection with its own budgeting and financial planning internally to evaluate the performance of the business, including to allocate resources and to evaluate results relative to incentive compensation targets.
The Plan permits grants of the following types of incentive awards subject to such terms and conditions as the Leadership Development and Compensation Committee shall determine, consistent with the terms of the Plan: (1) stock options, including stock options intended to qualify as ISOs, (2) other stock - based awards, including in the form of stock appreciation rights, phantom stock, restricted stock, restricted stock units, performance shares, deferred share units or share - denominated performance units, and (3) cash awards.
RESOLVED: Shareholders request the Board Compensation Committee prepare a report assessing the feasibility of integrating sustainability metrics, including metrics regarding diversity among senior executives, into the performance measures of the CEO under the Company's compensation incentive plans.
Subject to the terms and conditions set forth in the Plan, incentive awards may be settled in cash or shares of Class C capital stock and may be subject to performance - based and / or service - based conditions.
The Compensation Committee also considered that the annual cash incentive plan already incentivizes performance on three key Company - specific financial measures, and the importance of emphasizing holistic Company performance, as opposed to an isolated metric; the importance of setting a sufficiently difficult target for maximum payout; the benefit of a large and objectively determined performance comparator group; and the overarching goal of an incentive clearly and directly aligned with stockholder interests.
The Committee also approved the following compensation elements for 2016: base salary, annual incentive target, Performance Share Unit (PSU) and Restricted Stock Unit (RSU) grants under the Long - Term Performance Plan.
Our 2015 Plan will provide for the grant of incentive stock options, within the meaning of Section 422 of the Code, to our employees and any parent and subsidiary corporations» employees, and for the grant of nonstatutory stock options, restricted stock, restricted stock units (RSUs), stock appreciation rights, performance units, and performance shares to our employees, directors, and consultants and our parent and subsidiary corporations» employees and consultants.
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 grant.
For 2011, our compensation committee will evaluate and determine whether to adopt a cash incentive plan for executives, including determining any corporate and individual performance objectives.
· IBM credits matching contributions to the Basic Account of each eligible participant who defers salary or performance pay (including annual incentive program payments) under the Excess 401 (k) Plus Plan.
Provides the strategic rationale and relative weightings of the financial and non-financial performance metrics or criteria used in the annual and performance - vested long - term incentive components of the Plan;
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.
Furthermore, the use of a cash flow metric in a long - term incentive plan prevents executives from being rewarded for taking excessive risk because payouts under the plan are based on rolling three - year performance periods.
Each year the Committee, along with HP management, establishes performance targets for short - and long - term incentive plans that require the achievement of significant financial results.
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 commitment by HP;
Under this initiative, senior Company human resources, compliance, credit, and legal personnel compiled and analyzed extensive information about the Company's incentive plans, including plan documents, eligibility criteria, payout formulas and payment history, and held extensive interviews with business line managers to understand how evaluation of business risk affects incentive plan performance measures and compensation decisions.
We understand shareholder interest in the structure of our annual cash incentive plan and the long - term performance share component of our stock incentive plan.
Annual Incentive Plan targets and performance goals are approved at the Compensation Committee meeting shortly after the commencement of the applicable performance period, the intent of which is to ensure compliance with Section 162 (m) of the Code regarding performance - based pay.
The 2008 Plan permits the granting of incentive stock options, nonqualified stock options, shares of restricted stock, restricted stock units, stock appreciation rights, phantom stock, performance shares, deferred share units and share - denominated performance units, and other stock - based awards.
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.
Return on investment («ROI») is a key performance measure used in determining the amount of compensation our NEOs receive through our incentive plans.
As noted above, our operating income performance during fiscal 2013 was good, particularly for our Walmart U.S. and Sam's Club divisions, which each exceeded the operating income goals established by the CNGC under our cash incentive plan.
The proposed 2015 Stock Incentive Plan would amend, restate and rename the 2010 Stock Incentive Plan and would include additional criteria by which performance - based awards of cash or stock may be measured, and would otherwise amend the 2010 Stock Incentive Plan as described below.
The Compensation Committee also takes into account our internal financial business plan as approved by the Board in determining our performance targets for incentive plans and to assess appropriate payout levels for performance.
In addition, to create incentives for the attainment of clear performance objectives around a key element of our current business plan — the successful launch and commercialization of the Model S — the Board of Directors approved additional options totaling an additional 4 % of our fully - diluted shares as of December 4, 2009, or 10,067,960 stock options, with 1 / 4th of the shares to vest based entirely on the attainment of each of four performance milestones, assuming continued employment through each vesting date.
The Plan permits the grant of Incentive Stock Options, Nonstatutory Stock Options, Restricted Stock, Restricted Stock Units, Stock Appreciation Rights, Performance Units and Performance Shares.
• 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.
While it is sensible economics to interpret the positive link of employee stock ownership and profit sharing to company performance as reflecting worker responses to the incentives in the plans, it is possible that the positive relation comes from a very different causal link, in which higher - productivity companies introduce profit sharing or employee stock ownership plans for whatever reason.
Our 2014 Plan will provide for the grant of incentive stock options, within the meaning of Code Section 422, to our employees and any parent and subsidiary corporations» employees, and for the grant of nonstatutory stock options, restricted stock, RSUs, stock appreciation rights, performance units and performance shares to our employees, directors and consultants and our parent and subsidiary corporations» employees and consultants.
Our 2013 Plan will provide for the grant of incentive stock options, within the meaning of Section 422 of the Code, to our employees and any parent and subsidiary corporations» employees, and for the grant of nonstatutory stock options, restricted stock, RSUs, stock appreciation rights, performance units and performance shares to our employees, directors and consultants and our parent and subsidiary corporations» employees and consultants.
Our 2015 Omnibus Incentive Plan authorizes the award of stock options, stock appreciation rights, restricted stock, performance awards, other cash - based awards and other stock - based awards.
While HP Co. reports its financial results in accordance with U.S. GAAP, some financial performance targets under HP Co.'s incentive plans are based on non-GAAP financial measures that have been adjusted to exclude certain items.
While HP Co. reports its financial results in accordance with U.S. generally accepted accounting principles («GAAP»), HP Co.'s financial performance targets and results under its incentive plans are sometimes based on non-GAAP financial measures.
The risk assessment process included, among other things, a review of (i) all key incentive compensation plans to ensure that they are aligned with our pay - for - performance philosophy and include performance metrics that meet and support corporate goals, and (ii) the overall compensation mix to ensure an appropriate balance between fixed and variable pay components and between short - term and long - term incentives.
From here, a new long - term incentive plan now being introduced will deliver shares worth another $ 8m if fresh performance targets are met through until 2002.
Consistent with our pay - for - performance philosophy and reflecting FedEx's below - plan financial performance during fiscal 2014, the payouts under our annual incentive compensation («AIC») program were below target.
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.
reviews trends in the use of performance metrics in S&P / ASX 200 long - term incentive plans over a five - year period.
To do this successfully, you should establish competitive benefit plans and incentives tied to key performance benchmarks.
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 its charter.
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:
They are granted under a broader incentive plan and will sit with a host of other performance rights that significantly bolster Mr Clarke's pay packet through share - based incentives.
Treasury Wine Estates, whose brands include Penfolds, Wolf Blass and Lindeman's, said in its notice of annual general meeting on Friday that the performance rights were being offered under its long - term incentive plan for executives.
Their Scrappage Incentive was conceived to assist food businesses with their growth and expansion plans, leveraging the company's industry knowledge and relationships with the best - in - class suppliers in terms of performance, ROI and reliability.
In June, New York Gov. Paterson and key legislative leaders in Albany endorsed a plan to begin taxing the so - called «carry» — a performance incentive for generating profits — of hedge - fund managers who work in New York but live in other states.
Needless to say, variable pay, financial incentives and pay - for - performance plans are virtually unheard of in public education salary schemes — and are positively anathema to NYSUT.
Reporting only aggregated adherence rates could create an incentive to avoid groups with worse outcomes rather than undertaking interventions to improve their care.41 Some health plans or clinicians may avoid enrolling minority patients, for whom performance rates are typically lower.42, 43 Stratifying performance rates by race, ethnicity, or other demographic characteristics may mitigate such undesired effects by not penalizing organizations that disproportionately treat minority patients.
The best incentive plans are those that go beyond rewarding select teachers whose students score higher on standardized tests, says Darling - Hammond; they use multiple measures to evaluate teacher performance and create career ladders capable of supporting and rewarding all teachers.