Texas 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 Texas Long Term Performance and Restricted Stock Incentive Plan is a program implemented by INALCOL Enterprises, Inc. to motivate and reward its employees for their long-term commitment and exceptional performance. This plan offers employees the opportunity to receive stock-based incentives, which are subject to certain restrictions and requirements. Under this plan, eligible employees may be granted performance-based restricted stock units (RSS) that vest over a specified period of time. This RSS represents a promise to deliver a certain number of shares of INALCOL Enterprises' stock, typically subject to performance conditions, such as meeting specific financial targets or achieving predetermined goals. The Texas Long Term Performance and Restricted Stock Incentive Plan aims to align the interests of employees with the company's long-term success and shareholder value. It provides employees with a sense of ownership and an opportunity to participate in the company's performance and growth. In addition to the general plan, there may be different types or variations of the Texas Long Term Performance and Restricted Stock Incentive Plan, customized to meet specific objectives or address specific employee groups within INALCOL Enterprises, Inc. Some possible variations could include: 1. Executive Long Term Performance and Restricted Stock Incentive Plan: This plan may be designed specifically for top executives within the company, with tailored performance metrics and higher grant amounts to reflect their leadership roles and responsibilities. 2. Division/Departmental Long Term Performance and Restricted Stock Incentive Plan: This variation may focus on specific divisions or departments within INALCOL Enterprises, Inc., setting divisional or departmental performance targets to ensure alignment with overall company objectives while recognizing the distinct contributions of each unit. 3. Global Long Term Performance and Restricted Stock Incentive Plan: If INALCOL Enterprises operates globally, it might have a plan designed for employees working in international locations. This plan could consider both global and local performance targets, accounting for different market conditions and economic factors. 4. New Hire Long Term Performance and Restricted Stock Incentive Plan: To attract and retain talented individuals, INALCOL Enterprises may introduce a plan specifically for new hires, offering incentives proportionate to their experience level and potential impact on the company's future success. 5. Merger/Acquisition Long Term Performance and Restricted Stock Incentive Plan: In case of mergers or acquisitions, INALCOL Enterprises may implement a plan to incentivize and retain employees from the acquired company, helping to ensure a smooth transition and maintain a motivated workforce. Overall, the Texas Long Term Performance and Restricted Stock Incentive Plan is an essential tool for INALCOL Enterprises, Inc. to reward and motivate its employees, align their interests with the company's long-term goals, and foster a culture of ownership, performance, and dedication.

The Texas Long Term Performance and Restricted Stock Incentive Plan is a program implemented by INALCOL Enterprises, Inc. to motivate and reward its employees for their long-term commitment and exceptional performance. This plan offers employees the opportunity to receive stock-based incentives, which are subject to certain restrictions and requirements. Under this plan, eligible employees may be granted performance-based restricted stock units (RSS) that vest over a specified period of time. This RSS represents a promise to deliver a certain number of shares of INALCOL Enterprises' stock, typically subject to performance conditions, such as meeting specific financial targets or achieving predetermined goals. The Texas Long Term Performance and Restricted Stock Incentive Plan aims to align the interests of employees with the company's long-term success and shareholder value. It provides employees with a sense of ownership and an opportunity to participate in the company's performance and growth. In addition to the general plan, there may be different types or variations of the Texas Long Term Performance and Restricted Stock Incentive Plan, customized to meet specific objectives or address specific employee groups within INALCOL Enterprises, Inc. Some possible variations could include: 1. Executive Long Term Performance and Restricted Stock Incentive Plan: This plan may be designed specifically for top executives within the company, with tailored performance metrics and higher grant amounts to reflect their leadership roles and responsibilities. 2. Division/Departmental Long Term Performance and Restricted Stock Incentive Plan: This variation may focus on specific divisions or departments within INALCOL Enterprises, Inc., setting divisional or departmental performance targets to ensure alignment with overall company objectives while recognizing the distinct contributions of each unit. 3. Global Long Term Performance and Restricted Stock Incentive Plan: If INALCOL Enterprises operates globally, it might have a plan designed for employees working in international locations. This plan could consider both global and local performance targets, accounting for different market conditions and economic factors. 4. New Hire Long Term Performance and Restricted Stock Incentive Plan: To attract and retain talented individuals, INALCOL Enterprises may introduce a plan specifically for new hires, offering incentives proportionate to their experience level and potential impact on the company's future success. 5. Merger/Acquisition Long Term Performance and Restricted Stock Incentive Plan: In case of mergers or acquisitions, INALCOL Enterprises may implement a plan to incentivize and retain employees from the acquired company, helping to ensure a smooth transition and maintain a motivated workforce. Overall, the Texas Long Term Performance and Restricted Stock Incentive Plan is an essential tool for INALCOL Enterprises, Inc. to reward and motivate its employees, align their interests with the company's long-term goals, and foster a culture of ownership, performance, and dedication.