South Carolina 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 South Carolina Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program designed to motivate and retain talented employees by offering long-term incentives in the form of restricted stock units (RSS) and performance-based stock options. This plan aids in aligning the interests of the company's employees with the overall success and growth of INALCOL Enterprises, Inc. Under this plan, eligible employees are granted RSS, which are units of company stock that are subject to vesting requirements and restrictions. This RSS serve as a tangible representation of ownership in the company and provide participants with the opportunity to benefit from its financial performance over the long term. In addition to RSS, the South Carolina Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. includes performance-based stock options. These options allow employees to purchase company stock at a predetermined strike price after meeting specified performance goals. This structure ensures that employees are rewarded for their individual and collective contributions to INALCOL Enterprises, Inc.'s overall success. Participants of this incentive plan must meet specific eligibility criteria, which are carefully outlined to embrace diversity and target core competencies required by the organization across various departments. It ensures that employees who contribute significantly towards the company's growth and strategic objectives are included in this high-performance incentive program. The South Carolina Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. has variations tailored to different employee levels. These include: 1. Executive Level Long Term Performance and Restricted Stock Incentive Plan: This plan targets top-level executives and senior management, aiming to motivate and retain key decision-makers who play a crucial role in driving the company's long-term success. The structure and allocation of RSS and performance-based stock options under this plan are designed to attract and reward top talent in the industry. 2. Management Level Long Term Performance and Restricted Stock Incentive Plan: This variation is tailored for mid-level managers and supervisors, acknowledging their significant contributions to the organization's operations and objectives. It offers a balanced mix of RSS and performance-based stock options to incentivize and motivate these critical individuals who facilitate the execution of strategic initiatives. 3. Employee Level Long Term Performance and Restricted Stock Incentive Plan: This plan extends to eligible employees across various departments and positions. It provides an opportunity for individual contributors to share in the company's success, fostering a sense of ownership and aligning their long-term interests with those of INALCOL Enterprises, Inc. The South Carolina Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. represents a significant commitment by the company to recognize and reward employee contributions and cultivate a high-performance, growth-oriented culture. By incorporating both RSS and performance-based stock options, it offers a balanced approach that motivates employees, drives organizational success, and enhances shareholder value.

The South Carolina Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program designed to motivate and retain talented employees by offering long-term incentives in the form of restricted stock units (RSS) and performance-based stock options. This plan aids in aligning the interests of the company's employees with the overall success and growth of INALCOL Enterprises, Inc. Under this plan, eligible employees are granted RSS, which are units of company stock that are subject to vesting requirements and restrictions. This RSS serve as a tangible representation of ownership in the company and provide participants with the opportunity to benefit from its financial performance over the long term. In addition to RSS, the South Carolina Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. includes performance-based stock options. These options allow employees to purchase company stock at a predetermined strike price after meeting specified performance goals. This structure ensures that employees are rewarded for their individual and collective contributions to INALCOL Enterprises, Inc.'s overall success. Participants of this incentive plan must meet specific eligibility criteria, which are carefully outlined to embrace diversity and target core competencies required by the organization across various departments. It ensures that employees who contribute significantly towards the company's growth and strategic objectives are included in this high-performance incentive program. The South Carolina Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. has variations tailored to different employee levels. These include: 1. Executive Level Long Term Performance and Restricted Stock Incentive Plan: This plan targets top-level executives and senior management, aiming to motivate and retain key decision-makers who play a crucial role in driving the company's long-term success. The structure and allocation of RSS and performance-based stock options under this plan are designed to attract and reward top talent in the industry. 2. Management Level Long Term Performance and Restricted Stock Incentive Plan: This variation is tailored for mid-level managers and supervisors, acknowledging their significant contributions to the organization's operations and objectives. It offers a balanced mix of RSS and performance-based stock options to incentivize and motivate these critical individuals who facilitate the execution of strategic initiatives. 3. Employee Level Long Term Performance and Restricted Stock Incentive Plan: This plan extends to eligible employees across various departments and positions. It provides an opportunity for individual contributors to share in the company's success, fostering a sense of ownership and aligning their long-term interests with those of INALCOL Enterprises, Inc. The South Carolina Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. represents a significant commitment by the company to recognize and reward employee contributions and cultivate a high-performance, growth-oriented culture. By incorporating both RSS and performance-based stock options, it offers a balanced approach that motivates employees, drives organizational success, and enhances shareholder value.