Colorado 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 Colorado Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive employee incentive program designed to reward long-term performance and attract and retain top-tier talent. This plan ensures that employees of A.M. Castle and Co., a leading provider of specialty metals and related services, are motivated and aligned with the company's strategic goals and objectives. The Colorado Long Term Incentive Compensation Plan offers various types of incentives tailored to meet the diverse needs of employees. These incentives include stock options, performance shares, restricted stock units, and cash awards. By offering multiple options, A.M. Castle and Co. seeks to align the interests of employees with those of the company and shareholders. Stock options are a type of incentive that gives employees the right to purchase company stock at a predetermined price, allowing them to benefit from any future increase in stock value. Performance shares, on the other hand, are grants of company stock that vest based on the achievement of specific performance goals. Restricted stock units are similar to performance shares but feature a restriction on selling or transferring the stock until a certain period or condition is met. Finally, cash awards provide employees with a direct monetary reward based on their individual or team performance. The Colorado Long Term Incentive Compensation Plan of A.M. Castle and Co. aims to ensure that employees are rewarded not only for their individual contributions but also for the company's overall performance and growth. It encourages employees to think long-term and become actively involved in executing the company's long-term strategies. As an essential component of the compensation package, the plan helps attract and retain top talent in the fiercely competitive specialty metals industry. It emphasizes performance-based rewards, aligning the interests of employees, shareholders, and company executives, and fostering a culture of employee ownership. In conclusion, the Colorado Long Term Incentive Compensation Plan of A.M. Castle and Co. provides a range of incentives, including stock options, performance shares, restricted stock units, and cash awards, to motivate and retain talented employees. It fosters a sense of ownership, aligning compensation with company performance and long-term goals. The plan plays a crucial role in attracting and retaining top-tier talent in the dynamic specialty metals industry.

The Colorado Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive employee incentive program designed to reward long-term performance and attract and retain top-tier talent. This plan ensures that employees of A.M. Castle and Co., a leading provider of specialty metals and related services, are motivated and aligned with the company's strategic goals and objectives. The Colorado Long Term Incentive Compensation Plan offers various types of incentives tailored to meet the diverse needs of employees. These incentives include stock options, performance shares, restricted stock units, and cash awards. By offering multiple options, A.M. Castle and Co. seeks to align the interests of employees with those of the company and shareholders. Stock options are a type of incentive that gives employees the right to purchase company stock at a predetermined price, allowing them to benefit from any future increase in stock value. Performance shares, on the other hand, are grants of company stock that vest based on the achievement of specific performance goals. Restricted stock units are similar to performance shares but feature a restriction on selling or transferring the stock until a certain period or condition is met. Finally, cash awards provide employees with a direct monetary reward based on their individual or team performance. The Colorado Long Term Incentive Compensation Plan of A.M. Castle and Co. aims to ensure that employees are rewarded not only for their individual contributions but also for the company's overall performance and growth. It encourages employees to think long-term and become actively involved in executing the company's long-term strategies. As an essential component of the compensation package, the plan helps attract and retain top talent in the fiercely competitive specialty metals industry. It emphasizes performance-based rewards, aligning the interests of employees, shareholders, and company executives, and fostering a culture of employee ownership. In conclusion, the Colorado Long Term Incentive Compensation Plan of A.M. Castle and Co. provides a range of incentives, including stock options, performance shares, restricted stock units, and cash awards, to motivate and retain talented employees. It fosters a sense of ownership, aligning compensation with company performance and long-term goals. The plan plays a crucial role in attracting and retaining top-tier talent in the dynamic specialty metals industry.