Alaska Long Term Incentive Compensation Plan of A.M. Castle and Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-20-181
• Format: Word; Rich Text

Description

20-181 20-181 . . . Long Term Incentive Compensation Plan under which Human Resources Committee designates employees who will be participants in Plan and establishes Maximum Award Percentage with respect to each participant for each three year performance cycle. Each participant is entitled to a Performance Award if annual compounded total return (based upon stock appreciation and deemed reinvestment of dividends) on corporation common stock for that performance cycle equals or exceeds 1.5% plus annual compounded total return on common stock of Standard & Poor's 500 Industrials for such period. A participant's Performance Award for a performance cycle is amount equal to product of (a) participant's base salary multiplied by (b) his Maximum Award Percentage multiplied by (c) applicable Attainment Percentage for that performance cycle The Alaska Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive rewards program designed to incentivize and reward employees for their long-term dedication and contribution to the company's success. This plan offers an attractive set of benefits and compensations to eligible employees, following specific guidelines and structured criteria. The Alaska Long Term Incentive Compensation Plan encompasses several sub-plans, tailored to different levels and positions within the organization, namely: 1. Executive Incentive Plan: This component of the Alaska Long Term Incentive Compensation Plan is designed for senior executives and top management. It aims to align their interests with the long-term profitability and overall success of A.M. Castle and Co. Executives can receive various forms of compensation, such as stock options, restricted stock units, performance shares, or cash bonuses. 2. Equity-Based Incentive Plan: This plan is aimed at providing eligible employees, mainly non-executive or mid-level managers, with equity-based incentives as part of their long-term compensation package. It allows employees to acquire shares of A.M. Castle and Co., based on predetermined criteria and vesting schedules. 3. Performance Bonus Plan: The Performance Bonus Plan rewards employees for achieving predetermined performance targets, such as revenue growth, cost reduction, or operational efficiency. Depending on their job level, employees can receive an annual bonus in the form of cash, stock options, or other incentives. 4. Employee Stock Purchase Plan: The Employee Stock Purchase Plan enables eligible employees to purchase shares of A.M. Castle and Co. at a discounted price. This plan is typically available to all employees and encourages their sense of ownership, aligning their financial interests with that of the company. The Alaska Long Term Incentive Compensation Plan emphasizes the importance of fostering a high-performance culture and nurturing long-term commitment. It is structured to motivate employees, drive engagement, and create a sense of shared success and accountability throughout the organization. The specific terms and conditions of these plans may vary based on employee job levels, performance metrics, and prevailing market conditions. Overall, the Alaska Long Term Incentive Compensation Plan of A.M. Castle and Co. is a strategic tool for attracting, retaining, and motivating talented individuals, aligning their efforts with the company's objectives, and ultimately driving sustainable growth and profitability. By offering a range of rewarding opportunities, employees are encouraged to excel, contribute to the company's overall success, and enhance their own financial well-being.

The Alaska Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive rewards program designed to incentivize and reward employees for their long-term dedication and contribution to the company's success. This plan offers an attractive set of benefits and compensations to eligible employees, following specific guidelines and structured criteria. The Alaska Long Term Incentive Compensation Plan encompasses several sub-plans, tailored to different levels and positions within the organization, namely: 1. Executive Incentive Plan: This component of the Alaska Long Term Incentive Compensation Plan is designed for senior executives and top management. It aims to align their interests with the long-term profitability and overall success of A.M. Castle and Co. Executives can receive various forms of compensation, such as stock options, restricted stock units, performance shares, or cash bonuses. 2. Equity-Based Incentive Plan: This plan is aimed at providing eligible employees, mainly non-executive or mid-level managers, with equity-based incentives as part of their long-term compensation package. It allows employees to acquire shares of A.M. Castle and Co., based on predetermined criteria and vesting schedules. 3. Performance Bonus Plan: The Performance Bonus Plan rewards employees for achieving predetermined performance targets, such as revenue growth, cost reduction, or operational efficiency. Depending on their job level, employees can receive an annual bonus in the form of cash, stock options, or other incentives. 4. Employee Stock Purchase Plan: The Employee Stock Purchase Plan enables eligible employees to purchase shares of A.M. Castle and Co. at a discounted price. This plan is typically available to all employees and encourages their sense of ownership, aligning their financial interests with that of the company. The Alaska Long Term Incentive Compensation Plan emphasizes the importance of fostering a high-performance culture and nurturing long-term commitment. It is structured to motivate employees, drive engagement, and create a sense of shared success and accountability throughout the organization. The specific terms and conditions of these plans may vary based on employee job levels, performance metrics, and prevailing market conditions. Overall, the Alaska Long Term Incentive Compensation Plan of A.M. Castle and Co. is a strategic tool for attracting, retaining, and motivating talented individuals, aligning their efforts with the company's objectives, and ultimately driving sustainable growth and profitability. By offering a range of rewarding opportunities, employees are encouraged to excel, contribute to the company's overall success, and enhance their own financial well-being.