Oklahoma Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-20-174D
• Format: Word; Rich Text

Description

20-174D 20-174D . . . Restricted Stock Incentive Plan under which Compensation Committee selects participants, determines number of shares of common stock covered by each grant, establishes appropriate performance measures, and chooses appropriate corporation peer group. The number of shares granted is equal to a percentage of participant's base salary for first calendar year of each three-year program. The base salary percentage target of first three-year grants range from 10% to 35%; maximum base salary grant permitted by Plan may not exceed 70% of participant's base salary. After end of a Performance Period, Committee determines adjustments, if any, that are required to be made to share grants for Performance Period based on actual results under Performance Measures (performance of corporation versus its peer group) for such Performance Period. After adjustments, restrictions on shares held by participant are lifted as to 1/3 on July 1 immediately following Performance Period and additional 1/3 increments on the first and second anniversaries of such July 1, provided participant is still employed by corporation on such date. If participant ceases to be employed by corporation before restrictions lapse on shares held by him or her, shares still subject to restrictions are immediately forfeited The Oklahoma Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. (INALCOL Plan) is a comprehensive compensation program designed to reward and retain key employees of the company. This plan aims to motivate and align the interests of executives and other eligible employees with the long-term success of INALCOL Enterprises, Inc., an energy company based in Oklahoma. The INALCOL Plan consists of two main components: the Long Term Performance (LAP) and Restricted Stock (RS) incentives. These components offer executives and eligible employees the opportunity to receive additional compensation in the form of performance-based and restricted stock grants. Under the Long Term Performance (LAP) component of the plan, participants are granted performance-based awards that are tied to the achievement of specific financial and operational goals set by the company. These goals may include metrics such as revenue growth, earnings per share, return on investment, and overall company performance. Eligible employees who meet the criteria set by the company may receive restricted stock awards under the Restricted Stock (RS) component of the INALCOL Plan. Restricted stock awards are commonly granted as a means of retaining and motivating employees over an extended period. The stock is typically subject to vesting requirements, which means that employees must remain with the company for a specified period to fully realize the value of the shares. The INALCOL Plan aims to provide a competitive compensation package to attract and retain top talent in the highly competitive energy industry. By linking compensation to long-term company performance, the plan encourages participants to focus on achieving sustainable growth and shareholder value. It is worth noting that the INALCOL Plan may have various types or variations tailored to specific employee groups within INALCOL Enterprises, Inc. For instance, there might be different plans for executives, mid-level managers, and non-executive employees, each with customized eligibility criteria, performance metrics, and award structures. In conclusion, the Oklahoma Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program that offers performance-based and restricted stock incentives to key employees. This plan is designed to align employee interests with the long-term success of the company and help attract, motivate, and retain top talent in the energy industry.

The Oklahoma Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. (INALCOL Plan) is a comprehensive compensation program designed to reward and retain key employees of the company. This plan aims to motivate and align the interests of executives and other eligible employees with the long-term success of INALCOL Enterprises, Inc., an energy company based in Oklahoma. The INALCOL Plan consists of two main components: the Long Term Performance (LAP) and Restricted Stock (RS) incentives. These components offer executives and eligible employees the opportunity to receive additional compensation in the form of performance-based and restricted stock grants. Under the Long Term Performance (LAP) component of the plan, participants are granted performance-based awards that are tied to the achievement of specific financial and operational goals set by the company. These goals may include metrics such as revenue growth, earnings per share, return on investment, and overall company performance. Eligible employees who meet the criteria set by the company may receive restricted stock awards under the Restricted Stock (RS) component of the INALCOL Plan. Restricted stock awards are commonly granted as a means of retaining and motivating employees over an extended period. The stock is typically subject to vesting requirements, which means that employees must remain with the company for a specified period to fully realize the value of the shares. The INALCOL Plan aims to provide a competitive compensation package to attract and retain top talent in the highly competitive energy industry. By linking compensation to long-term company performance, the plan encourages participants to focus on achieving sustainable growth and shareholder value. It is worth noting that the INALCOL Plan may have various types or variations tailored to specific employee groups within INALCOL Enterprises, Inc. For instance, there might be different plans for executives, mid-level managers, and non-executive employees, each with customized eligibility criteria, performance metrics, and award structures. In conclusion, the Oklahoma Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program that offers performance-based and restricted stock incentives to key employees. This plan is designed to align employee interests with the long-term success of the company and help attract, motivate, and retain top talent in the energy industry.