Kohl’s (KSS) has provided an update.
Kohl’s Corporation has revamped its Annual Incentive Plan to better align employee incentives with the company’s financial performance. The updated plan expands eligibility beyond just executive officers, allows the Compensation Committee and CEO to designate additional participants, and introduces a broader range of financial and performance measures for determining awards. Furthermore, it adjusts the basis for awards, which can now be a percentage of salary or a fixed amount, and simplifies terms by removing many conditions tied to outdated tax rules, offering more flexibility in how incentives are granted and tailored to individual, business unit, or location performance.
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