Los Angeles California Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Los Angeles
• 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 Los Angeles California Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program designed to incentivize and reward executives and employees for their long-term commitment and contributions to the company's growth and success. This plan combines both long-term performance-based incentives and restricted stock grants as a means to align the interests of participants with the company's overall performance and shareholder value. Under this plan, eligible employees may receive various types of performance-based incentives and stock grants. Here are some key features and types of Los Angeles California Long Term Performance and Restricted Stock Incentive Plan offered by INALCOL Enterprises, Inc.: 1. Performance-Based Incentives: This type of incentive is provided to the participants based on the achievement of specific performance goals set by the company, usually over a period of several years. These goals may include financial targets, operational metrics, or other strategic objectives that align with the company's long-term goals. The amount of the incentive is linked to the level of goal achievement, ensuring that participants are rewarded for their contributions to the company's performance. 2. Restricted Stock Grants: Participants may also be awarded restricted stock grants, which provide them with ownership rights in the company's stock. However, these shares are subject to certain restrictions, such as a vesting period or performance conditions that must be met before the shares fully belong to the participant. This encourages retention and long-term commitment to the company, as participants need to remain with the organization to fully realize the benefits of the granted shares. 3. Executive Level Plans: In addition to the overall Long Term Performance and Restricted Stock Incentive Plan, INALCOL Enterprises, Inc. may offer specific plans tailored for executive-level employees. These executive plans may have additional features or enhanced benefits to attract and retain top talent, reflecting the higher responsibilities and expectations associated with executive roles. 4. Graded Vesting: Some variations of the plan may include graded vesting for the restricted stock grants. Graded vesting allows participants to gradually gain ownership rights in the granted shares over a period of time, typically spanning several years. This structure ensures that participants have a long-term commitment and incentive to remain with the company to fully benefit from the granted shares. The Los Angeles California Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is designed to foster a culture of accountability, performance, and long-term loyalty among employees. By aligning the interests of participants with the company's success, this plan aims to drive sustainable growth and shareholder value while rewarding individuals for their contributions.

The Los Angeles California Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program designed to incentivize and reward executives and employees for their long-term commitment and contributions to the company's growth and success. This plan combines both long-term performance-based incentives and restricted stock grants as a means to align the interests of participants with the company's overall performance and shareholder value. Under this plan, eligible employees may receive various types of performance-based incentives and stock grants. Here are some key features and types of Los Angeles California Long Term Performance and Restricted Stock Incentive Plan offered by INALCOL Enterprises, Inc.: 1. Performance-Based Incentives: This type of incentive is provided to the participants based on the achievement of specific performance goals set by the company, usually over a period of several years. These goals may include financial targets, operational metrics, or other strategic objectives that align with the company's long-term goals. The amount of the incentive is linked to the level of goal achievement, ensuring that participants are rewarded for their contributions to the company's performance. 2. Restricted Stock Grants: Participants may also be awarded restricted stock grants, which provide them with ownership rights in the company's stock. However, these shares are subject to certain restrictions, such as a vesting period or performance conditions that must be met before the shares fully belong to the participant. This encourages retention and long-term commitment to the company, as participants need to remain with the organization to fully realize the benefits of the granted shares. 3. Executive Level Plans: In addition to the overall Long Term Performance and Restricted Stock Incentive Plan, INALCOL Enterprises, Inc. may offer specific plans tailored for executive-level employees. These executive plans may have additional features or enhanced benefits to attract and retain top talent, reflecting the higher responsibilities and expectations associated with executive roles. 4. Graded Vesting: Some variations of the plan may include graded vesting for the restricted stock grants. Graded vesting allows participants to gradually gain ownership rights in the granted shares over a period of time, typically spanning several years. This structure ensures that participants have a long-term commitment and incentive to remain with the company to fully benefit from the granted shares. The Los Angeles California Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is designed to foster a culture of accountability, performance, and long-term loyalty among employees. By aligning the interests of participants with the company's success, this plan aims to drive sustainable growth and shareholder value while rewarding individuals for their contributions.