Arkansas 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 Arkansas Long Term Performance and Restricted Stock Incentive Plan The Arkansas Long Term Performance and Restricted Stock Incentive Plan offered by INALCOL Enterprises, Inc. is designed to reward and incentivize employees for their long-term commitment and contributions to the company's success. This plan encompasses a variety of options and benefits that aim to retain top talent, align employee interests with company goals, and drive sustained growth. One type of this plan is the Long Term Performance Incentive (LPI) which focuses on motivating employees to achieve specific long-term performance goals. The LPI is typically tied to financial metrics such as revenue growth, market share, or profitability. Employees who meet or surpass these targets are eligible to receive stock-based rewards or bonuses as a recognition of their exceptional performance and dedication. Another type of this plan is the Restricted Stock Incentive (RSI), which grants employees a designated number of company shares that vest gradually over a predetermined period of time. These shares are typically subject to certain restrictions, such as a holding period, to ensure continued engagement and loyalty from employees. As the shares vest, employees gain ownership rights and can benefit from any potential increase in stock value. The Arkansas Long Term Performance and Restricted Stock Incentive Plan is a crucial component of INALCOL Enterprises, Inc.'s overall compensation and retention strategy. By offering a mix of performance-based incentives and stock ownership opportunities, the company aims to create a sense of ownership, boost morale, and motivate employees to work towards long-term success. It aligns employees' interests with those of the company, fostering a culture of collaboration and shared achievement. As with any stock-based incentive plan, it is important to note that participation and eligibility for the Arkansas Long Term Performance and Restricted Stock Incentive Plan may vary based on factors such as job level, years of service, and individual performance. The plan may also be subject to specific terms and conditions, which are communicated to eligible employees upon enrollment. In conclusion, the Arkansas Long Term Performance and Restricted Stock Incentive Plan offered by INALCOL Enterprises, Inc. provides employees with the opportunity to earn stock-based rewards and ownership stakes in the company as recognition for their long-term performance, dedication, and contributions. By embracing this plan, INALCOL aims to foster a dynamic and motivated workforce dedicated to achieving sustained growth and success.

Arkansas Long Term Performance and Restricted Stock Incentive Plan The Arkansas Long Term Performance and Restricted Stock Incentive Plan offered by INALCOL Enterprises, Inc. is designed to reward and incentivize employees for their long-term commitment and contributions to the company's success. This plan encompasses a variety of options and benefits that aim to retain top talent, align employee interests with company goals, and drive sustained growth. One type of this plan is the Long Term Performance Incentive (LPI) which focuses on motivating employees to achieve specific long-term performance goals. The LPI is typically tied to financial metrics such as revenue growth, market share, or profitability. Employees who meet or surpass these targets are eligible to receive stock-based rewards or bonuses as a recognition of their exceptional performance and dedication. Another type of this plan is the Restricted Stock Incentive (RSI), which grants employees a designated number of company shares that vest gradually over a predetermined period of time. These shares are typically subject to certain restrictions, such as a holding period, to ensure continued engagement and loyalty from employees. As the shares vest, employees gain ownership rights and can benefit from any potential increase in stock value. The Arkansas Long Term Performance and Restricted Stock Incentive Plan is a crucial component of INALCOL Enterprises, Inc.'s overall compensation and retention strategy. By offering a mix of performance-based incentives and stock ownership opportunities, the company aims to create a sense of ownership, boost morale, and motivate employees to work towards long-term success. It aligns employees' interests with those of the company, fostering a culture of collaboration and shared achievement. As with any stock-based incentive plan, it is important to note that participation and eligibility for the Arkansas Long Term Performance and Restricted Stock Incentive Plan may vary based on factors such as job level, years of service, and individual performance. The plan may also be subject to specific terms and conditions, which are communicated to eligible employees upon enrollment. In conclusion, the Arkansas Long Term Performance and Restricted Stock Incentive Plan offered by INALCOL Enterprises, Inc. provides employees with the opportunity to earn stock-based rewards and ownership stakes in the company as recognition for their long-term performance, dedication, and contributions. By embracing this plan, INALCOL aims to foster a dynamic and motivated workforce dedicated to achieving sustained growth and success.