Arkansas 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 Arkansas Long Term Incentive Compensation Plan of A.M. Castle and Co. is a program designed to provide eligible employees with additional compensation over an extended period as a reward for their long-term contributions and commitment to the company's success. This plan plays a crucial role in attracting, retaining, and motivating valuable talents within the organization. Under the Arkansas Long Term Incentive Compensation Plan, employees are offered a variety of incentives that align with the company's long-term goals. These incentives can significantly enhance an employee's overall compensation package and serve as a powerful tool for promoting goal achievement and organizational growth. The specific types of Arkansas Long Term Incentive Compensation Plans offered by A.M. Castle and Co. may vary depending on the employee's position, performance, and other relevant factors. Some common types of plans include: 1. Equity-based Compensation: This plan provides eligible employees with stock options, restricted stock units, or other forms of equity ownership in the company. By granting employees a stake in the company's success, this plan fosters a sense of ownership, encourages loyalty and dedication, and aligns employee interests with shareholder value creation. 2. Performance-based Bonuses: This plan rewards employees based on their individual or team performance in achieving predetermined goals or targets. The bonus amount is usually tied to specific metrics, such as financial performance, operational efficiency, customer satisfaction, or other relevant factors directly impacting the company's success. This type of plan motivates high performance and encourages a culture of continuous improvement. 3. Cash Incentive Programs: In addition to equity and performance-based bonuses, Arkansas Long Term Incentive Compensation Plans might also include cash incentive programs. These can be in the form of long-term cash bonus plans, profit-sharing arrangements, or other monetary incentives designed to encourage exceptional performance and recognize sustained contributions over an extended period. 4. Retention Awards: To promote employee loyalty and retention, A.M. Castle and Co.'s Long Term Incentive Compensation Plan may offer retention awards in the form of cash, equity, or other incentives. These awards are typically granted to employees who have reached specific milestones in their tenure with the company and serve as a means to recognize their commitment and dedication. The Arkansas Long Term Incentive Compensation Plan of A.M. Castle and Co. is carefully structured to ensure alignment with both individual and company-wide objectives. By offering a mix of equity, performance-based bonuses, cash incentives, and retention rewards, the company aims to create a stimulating work environment, drive exceptional performance, and build a high-performing workforce that contributes to the long-term value and growth of the organization.

The Arkansas Long Term Incentive Compensation Plan of A.M. Castle and Co. is a program designed to provide eligible employees with additional compensation over an extended period as a reward for their long-term contributions and commitment to the company's success. This plan plays a crucial role in attracting, retaining, and motivating valuable talents within the organization. Under the Arkansas Long Term Incentive Compensation Plan, employees are offered a variety of incentives that align with the company's long-term goals. These incentives can significantly enhance an employee's overall compensation package and serve as a powerful tool for promoting goal achievement and organizational growth. The specific types of Arkansas Long Term Incentive Compensation Plans offered by A.M. Castle and Co. may vary depending on the employee's position, performance, and other relevant factors. Some common types of plans include: 1. Equity-based Compensation: This plan provides eligible employees with stock options, restricted stock units, or other forms of equity ownership in the company. By granting employees a stake in the company's success, this plan fosters a sense of ownership, encourages loyalty and dedication, and aligns employee interests with shareholder value creation. 2. Performance-based Bonuses: This plan rewards employees based on their individual or team performance in achieving predetermined goals or targets. The bonus amount is usually tied to specific metrics, such as financial performance, operational efficiency, customer satisfaction, or other relevant factors directly impacting the company's success. This type of plan motivates high performance and encourages a culture of continuous improvement. 3. Cash Incentive Programs: In addition to equity and performance-based bonuses, Arkansas Long Term Incentive Compensation Plans might also include cash incentive programs. These can be in the form of long-term cash bonus plans, profit-sharing arrangements, or other monetary incentives designed to encourage exceptional performance and recognize sustained contributions over an extended period. 4. Retention Awards: To promote employee loyalty and retention, A.M. Castle and Co.'s Long Term Incentive Compensation Plan may offer retention awards in the form of cash, equity, or other incentives. These awards are typically granted to employees who have reached specific milestones in their tenure with the company and serve as a means to recognize their commitment and dedication. The Arkansas Long Term Incentive Compensation Plan of A.M. Castle and Co. is carefully structured to ensure alignment with both individual and company-wide objectives. By offering a mix of equity, performance-based bonuses, cash incentives, and retention rewards, the company aims to create a stimulating work environment, drive exceptional performance, and build a high-performing workforce that contributes to the long-term value and growth of the organization.