EX-10.15
from 10-K
14 pages
[Year] Seicp [Year] Senior Executive Incentive Compensation Program Program Description Introduction You Have Been Selected to Participate in the Company’s [Year] Senior Executive Incentive Compensation Plan (The “Seicp” or “Program”). the Purpose of the Seicp Is to Advance the Interests of the Company's Stockholders by Enhancing the Company's Ability to Attract, Retain and Motivate Persons Who Make (Or Who Are Expected to Make) Important Contributions to the Company. Participants Do Not Have Any Special Right to Continued Employment by the Company Because of Their Participation in the Programs Described Below. the Seicp Consists of an Annual Cash Incentive Program, Which Is Referred to as the Short-Term Incentive, or Sti, and a Three-Year Stock-Based Incentive Program, Which Is Referred to as the Long- Term Incentive, or Lti. the Sti and the Lti Are Designed to Encourage Participants to Exert an Extra Effort to Raise the Company's Performance to the Next Level, Both in the Near Term and Over the Course of Several Years, and Reflect the Pay-For-Performance Philosophy of the Company by Linking the Opportunity to Earn Additional Compensation to the Achievement of Company Financial and Strategic Goals. Both the Sti and the Lti Were Approved by the Compensation & Talent Development Committee of the Board of Directors of the Company (The “Committee”) on [Date]; With the Stock-Based Awards Under the Lti Being Granted Under the Company’s Amended and Restated 2018 Stock Incentive Plan (The “Plan”)
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