Pennsylvania 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 Pennsylvania Long-Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive program designed to provide long-term incentives to employees, aligning their interests with the company's success. This plan has proven to be an effective tool in attracting, motivating, and retaining talented individuals within INALCOL Enterprises, Inc. The Pennsylvania Long-Term Performance and Restricted Stock Incentive Plan consists of two main components: long-term performance stock units (Plus) and restricted stock units (RSS). 1. Long-Term Performance Stock Units (Plus): The Plus are performance-based incentives awarded to employees based on predetermined performance goals and metrics. These goals are set to align with the company's long-term strategic objectives, such as revenue growth, earnings per share, or market share gains. The number of Plus granted depends on an employee's target compensation and performance evaluation. This component aims to reward employees for their contributions to the company's overall success over an extended period. 2. Restricted Stock Units (RSS): RSS are another significant aspect of the Pennsylvania Long-Term Performance and Restricted Stock Incentive Plan. These units are granted to key employees as a form of equity compensation. RSS are subject to a vesting schedule, typically spanning several years, ensuring that employees remain with the company and contribute to its sustained growth. Once the RSS are vested, employees receive the company's stock, allowing them to benefit from its appreciation over time. INALCOL Enterprises, Inc. understands the importance of customizing their incentive plan to suit different employee categories within the organization. Therefore, the plan may have specific variations or sub-categories based on employee rank, such as executive-level Performance and Restricted Stock Incentive Plans, management-level Performance and Restricted Stock Incentive Plans, or employee-level Performance and Restricted Stock Incentive Plans. In conclusion, the Pennsylvania Long-Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. prioritizes the company's long-term goals and rewards employees accordingly. Through a combination of performance-based stock units and restricted stock units, INALCOL creates a motivating environment, attracting top talent and ensuring employee retention. This plan signifies INALCOL Enterprises, Inc.'s commitment to employee success and its dedication to long-term sustainable growth.

The Pennsylvania Long-Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive program designed to provide long-term incentives to employees, aligning their interests with the company's success. This plan has proven to be an effective tool in attracting, motivating, and retaining talented individuals within INALCOL Enterprises, Inc. The Pennsylvania Long-Term Performance and Restricted Stock Incentive Plan consists of two main components: long-term performance stock units (Plus) and restricted stock units (RSS). 1. Long-Term Performance Stock Units (Plus): The Plus are performance-based incentives awarded to employees based on predetermined performance goals and metrics. These goals are set to align with the company's long-term strategic objectives, such as revenue growth, earnings per share, or market share gains. The number of Plus granted depends on an employee's target compensation and performance evaluation. This component aims to reward employees for their contributions to the company's overall success over an extended period. 2. Restricted Stock Units (RSS): RSS are another significant aspect of the Pennsylvania Long-Term Performance and Restricted Stock Incentive Plan. These units are granted to key employees as a form of equity compensation. RSS are subject to a vesting schedule, typically spanning several years, ensuring that employees remain with the company and contribute to its sustained growth. Once the RSS are vested, employees receive the company's stock, allowing them to benefit from its appreciation over time. INALCOL Enterprises, Inc. understands the importance of customizing their incentive plan to suit different employee categories within the organization. Therefore, the plan may have specific variations or sub-categories based on employee rank, such as executive-level Performance and Restricted Stock Incentive Plans, management-level Performance and Restricted Stock Incentive Plans, or employee-level Performance and Restricted Stock Incentive Plans. In conclusion, the Pennsylvania Long-Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. prioritizes the company's long-term goals and rewards employees accordingly. Through a combination of performance-based stock units and restricted stock units, INALCOL creates a motivating environment, attracting top talent and ensuring employee retention. This plan signifies INALCOL Enterprises, Inc.'s commitment to employee success and its dedication to long-term sustainable growth.