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Alaska Notice Regarding Introduction of Restricted Share-Based Remuneration Plan

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US-ENTREP-006-2
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Letter of Notice, by the board of directors, concerning the introduction of a Remuneration Plan for Shares with a restriction on transfer on said shares.
Title: Alaska Notices Regarding Introduction of Restricted Share-Based Remuneration Plan Introduction: The Alaska Notice Regarding Introduction of Restricted Share-Based Remuneration Plan aims to inform shareholders and employees about the implementation of a new remuneration plan. This comprehensive plan incorporates restricted share-based incentives to attract, retain, and motivate talented individuals within the company. The plan encourages long-term commitment and aligns the interests of participants with the company's growth. Keywords: Alaska, Notice, Introduction, Restricted Share-Based Remuneration Plan, shareholders, employees, implementation, remuneration, incentives, talent retention, motivation, long-term commitment, interests, company's growth. Types of Alaska Notice Regarding Introduction of Restricted Share-Based Remuneration Plan: 1. Alaska Notices Regarding Introduction of Restricted Stock Unit (RSU) Remuneration Plan: In this type of plan, eligible employees are granted restricted stock units, which represent shares of the company's stock. These units vest over a specific period of time and provide participants with an opportunity to own company stock upon meeting certain conditions. The RSU plan encourages employees to stay with the company long-term and actively contribute to its success. Keywords: Alaska, Notice, Introduction, Restricted Stock Unit, RSU, Remuneration Plan, eligible employees, shares, vesting, opportunity, ownership, long-term commitment, contribution, success. 2. Alaska Notices Regarding Introduction of Performance Share Unit (PSU) Remuneration Plan: Under this plan, eligible employees are awarded performance share units that are linked to specific performance goals. These goals are determined by the company and need to be achieved within a set timeframe. Participants receive shares or cash equivalent to the value of the units once the goals are met. The PSU plan aims to motivate employees to excel in their roles and enhance the company's overall performance. Keywords: Alaska, Notice, Introduction, Performance Share Unit, PSU, Remuneration Plan, eligible employees, performance goals, achievement, timeframe, shares, cash equivalent, motivation, excellence, performance enhancement. 3. Alaska Notices Regarding Introduction of Restricted Share Option (RSO) Remuneration Plan: In this type of plan, eligible employees are granted the option to purchase shares of the company's stock at a predetermined price within a specified timeframe. The RSO plan provides employees with an opportunity to directly participate in the company's growth and financial success. The plan encourages loyalty and aligns employee interests with shareholder value creation. Keywords: Alaska, Notice, Introduction, Restricted Share Option, RSO, Remuneration Plan, eligible employees, stock purchase, predetermined price, specified timeframe, growth, financial success, loyalty, interest alignment, shareholder value creation. Conclusion: The Alaska Notice Regarding Introduction of Restricted Share-Based Remuneration Plan outlines various types of plans that offer attractive incentives to Alaska's shareholders and employees. With the implementation of these plans, Alaska aims to reinforce long-term commitment, motivate employees, and align their interests with the overall growth and success of the company.

Title: Alaska Notices Regarding Introduction of Restricted Share-Based Remuneration Plan Introduction: The Alaska Notice Regarding Introduction of Restricted Share-Based Remuneration Plan aims to inform shareholders and employees about the implementation of a new remuneration plan. This comprehensive plan incorporates restricted share-based incentives to attract, retain, and motivate talented individuals within the company. The plan encourages long-term commitment and aligns the interests of participants with the company's growth. Keywords: Alaska, Notice, Introduction, Restricted Share-Based Remuneration Plan, shareholders, employees, implementation, remuneration, incentives, talent retention, motivation, long-term commitment, interests, company's growth. Types of Alaska Notice Regarding Introduction of Restricted Share-Based Remuneration Plan: 1. Alaska Notices Regarding Introduction of Restricted Stock Unit (RSU) Remuneration Plan: In this type of plan, eligible employees are granted restricted stock units, which represent shares of the company's stock. These units vest over a specific period of time and provide participants with an opportunity to own company stock upon meeting certain conditions. The RSU plan encourages employees to stay with the company long-term and actively contribute to its success. Keywords: Alaska, Notice, Introduction, Restricted Stock Unit, RSU, Remuneration Plan, eligible employees, shares, vesting, opportunity, ownership, long-term commitment, contribution, success. 2. Alaska Notices Regarding Introduction of Performance Share Unit (PSU) Remuneration Plan: Under this plan, eligible employees are awarded performance share units that are linked to specific performance goals. These goals are determined by the company and need to be achieved within a set timeframe. Participants receive shares or cash equivalent to the value of the units once the goals are met. The PSU plan aims to motivate employees to excel in their roles and enhance the company's overall performance. Keywords: Alaska, Notice, Introduction, Performance Share Unit, PSU, Remuneration Plan, eligible employees, performance goals, achievement, timeframe, shares, cash equivalent, motivation, excellence, performance enhancement. 3. Alaska Notices Regarding Introduction of Restricted Share Option (RSO) Remuneration Plan: In this type of plan, eligible employees are granted the option to purchase shares of the company's stock at a predetermined price within a specified timeframe. The RSO plan provides employees with an opportunity to directly participate in the company's growth and financial success. The plan encourages loyalty and aligns employee interests with shareholder value creation. Keywords: Alaska, Notice, Introduction, Restricted Share Option, RSO, Remuneration Plan, eligible employees, stock purchase, predetermined price, specified timeframe, growth, financial success, loyalty, interest alignment, shareholder value creation. Conclusion: The Alaska Notice Regarding Introduction of Restricted Share-Based Remuneration Plan outlines various types of plans that offer attractive incentives to Alaska's shareholders and employees. With the implementation of these plans, Alaska aims to reinforce long-term commitment, motivate employees, and align their interests with the overall growth and success of the company.

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CalPERS offers a defined benefit plan where retirement benefits are based on a formula, rather than contributions and earnings to a savings plan. Retirement benefits are calculated based on a member's years of service credit, age at retirement, and final compensation (average salary for a defined period of employment).

The employer contribution rate for FY 2023-24 will increase from 25.37% to 26.68% of payroll, effective with the first payroll period ending in July 2023.

Contribution Amounts Each pay period, 8% of your gross eligible compensation is contributed to your retirement account through payroll deductions before it is taxed. If you are a PERS participant, your employer will contribute an additional 5% of your gross eligible compensation to your retirement account.

The State of Alaska 457 Deferred Compensation Plan (DCP) allows you to set aside and invest a portion of your income for your retirement on a voluntary basis. It is designed to complement the Alaska SBS Supplemental Annuity Plan and the Alaska PERS/TRS Retirement Plan.

PERS Retirement Eligibility Age 60 for normal retirement or age 55 for early retirement if you first entered the PERS on or after July 1, 1986 (Tier II or Tier III).

Age 60 for normal retirement or age 55 for early retirement if you first entered the PERS on or after July 1, 1986 (Tier II or Tier III).

Eligible recipients, who have not received pension benefits during the entire preceding calendar year, will receive a prorated PRPA. If you meet these requirements or are age 60 to 64 on July 1, 2023, you will receive 50% (3.948%) of the Consumer Price Index (CPI) change during 2022.

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Alaska Notice Regarding Introduction of Restricted Share-Based Remuneration Plan