Connecticut 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 Connecticut Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc., is a comprehensive compensation program specifically designed to incentivize and reward long-term performance and loyalty among the employees of INALCOL Enterprises, Inc. This plan aims to align the interests of the company's workforce with the overall goals and objectives of the organization, fostering a culture of commitment and dedication. Through this plan, eligible employees have the opportunity to receive restricted stock awards as a part of their overall compensation package. These restricted stock awards are granted as an incentive to encourage employees to contribute to the long-term success and growth of INALCOL Enterprises, Inc. These awards are subject to certain conditions, restrictions, and vesting schedules. The Connecticut Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc., encompasses various types of awards based on performance metrics and longevity. Some types of awards available under this plan include: 1. Performance-Based Awards: These awards are directly tied to the achievement of certain predetermined performance goals and targets set by the company. The performance metrics can include financial performance, operational goals, market share, or any other specific targets that align with the company's strategic objectives. 2. Service-Based Awards: These awards are granted to employees based on their continuous service and tenure with INALCOL Enterprises, Inc., recognizing and rewarding their commitment and loyalty to the organization. The number of restricted stock units granted typically increases with the number of years an employee remains with the company. 3. Leadership and Management Awards: These awards are tailored for key executives and top-level management within INALCOL Enterprises, Inc. They are designed to attract, retain, and motivate talented leaders who play a vital role in shaping the company's future. 4. Performance Share Units (Plus): Plus are a type of performance-based award where employees receive a specific number of units based on the achievement of performance targets. These units can convert into actual shares of INALCOL Enterprises, Inc. stock upon meeting predetermined goals. It is important to note that the specifics of the Connecticut Long Term Performance and Restricted Stock Incentive Plan may vary based on individual eligibility, job level, and other factors. Participants in the program can regularly track their progress towards the performance goals and stay informed about the vesting schedules and applicable conditions. Overall, the Connecticut Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc., offers a robust compensation package that promotes employee engagement, long-term commitment, and aligns the interests of employees with the success of the organization.

Connecticut Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc., is a comprehensive compensation program specifically designed to incentivize and reward long-term performance and loyalty among the employees of INALCOL Enterprises, Inc. This plan aims to align the interests of the company's workforce with the overall goals and objectives of the organization, fostering a culture of commitment and dedication. Through this plan, eligible employees have the opportunity to receive restricted stock awards as a part of their overall compensation package. These restricted stock awards are granted as an incentive to encourage employees to contribute to the long-term success and growth of INALCOL Enterprises, Inc. These awards are subject to certain conditions, restrictions, and vesting schedules. The Connecticut Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc., encompasses various types of awards based on performance metrics and longevity. Some types of awards available under this plan include: 1. Performance-Based Awards: These awards are directly tied to the achievement of certain predetermined performance goals and targets set by the company. The performance metrics can include financial performance, operational goals, market share, or any other specific targets that align with the company's strategic objectives. 2. Service-Based Awards: These awards are granted to employees based on their continuous service and tenure with INALCOL Enterprises, Inc., recognizing and rewarding their commitment and loyalty to the organization. The number of restricted stock units granted typically increases with the number of years an employee remains with the company. 3. Leadership and Management Awards: These awards are tailored for key executives and top-level management within INALCOL Enterprises, Inc. They are designed to attract, retain, and motivate talented leaders who play a vital role in shaping the company's future. 4. Performance Share Units (Plus): Plus are a type of performance-based award where employees receive a specific number of units based on the achievement of performance targets. These units can convert into actual shares of INALCOL Enterprises, Inc. stock upon meeting predetermined goals. It is important to note that the specifics of the Connecticut Long Term Performance and Restricted Stock Incentive Plan may vary based on individual eligibility, job level, and other factors. Participants in the program can regularly track their progress towards the performance goals and stay informed about the vesting schedules and applicable conditions. Overall, the Connecticut Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc., offers a robust compensation package that promotes employee engagement, long-term commitment, and aligns the interests of employees with the success of the organization.