District of Columbia 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 The District of Columbia Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program designed to incentivize and reward key employees of the company. This plan is specifically tailored to comply with the regulations and requirements set forth by the District of Columbia jurisdiction. The primary objective of the District of Columbia Long Term Performance and Restricted Stock Incentive Plan is to motivate, retain, and attract top talent by providing opportunities for long-term financial growth and equity ownership. By incorporating both performance-based and restricted stock components, the plan ensures that employees are aligned with the company's interests and success. Under this plan, eligible participants may receive performance-based incentives based on predetermined goals and objectives. These incentives are typically tied to the overall performance of INALCOL Enterprises, Inc. and may include financial metrics such as revenue growth, profit margin, or market share. By linking compensation to the company's success, the plan encourages employees to actively contribute to its long-term growth and profitability. Additionally, the District of Columbia Long Term Performance and Restricted Stock Incentive Plan offers restricted stock grants to eligible employees. Restricted stock refers to company shares that are granted to employees but subject to certain restrictions and vesting schedules. These limitations ensure that employees remain committed to the company and contribute to its success over a specified period of time. Once the restrictions are lifted, employees may exercise their stock options and enjoy the financial benefits of stock ownership. It is important to note that the District of Columbia Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. may have different variations or types to accommodate for various categories of employees. For example, there may be separate plans for executives, senior management, and other employees based on their roles, responsibilities, and levels within the organization. These distinctions ensure that the plan is customized to suit the needs and requirements of different employee groups while maintaining fairness and equity. In summary, the District of Columbia Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program that combines performance-based incentives and restricted stock grants to motivate, attract, and retain top talent. By linking compensation to the company's success and providing equity ownership opportunities, this plan aligns employees' interests with the long-term growth and profitability of INALCOL Enterprises, Inc.

The District of Columbia Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program designed to incentivize and reward key employees of the company. This plan is specifically tailored to comply with the regulations and requirements set forth by the District of Columbia jurisdiction. The primary objective of the District of Columbia Long Term Performance and Restricted Stock Incentive Plan is to motivate, retain, and attract top talent by providing opportunities for long-term financial growth and equity ownership. By incorporating both performance-based and restricted stock components, the plan ensures that employees are aligned with the company's interests and success. Under this plan, eligible participants may receive performance-based incentives based on predetermined goals and objectives. These incentives are typically tied to the overall performance of INALCOL Enterprises, Inc. and may include financial metrics such as revenue growth, profit margin, or market share. By linking compensation to the company's success, the plan encourages employees to actively contribute to its long-term growth and profitability. Additionally, the District of Columbia Long Term Performance and Restricted Stock Incentive Plan offers restricted stock grants to eligible employees. Restricted stock refers to company shares that are granted to employees but subject to certain restrictions and vesting schedules. These limitations ensure that employees remain committed to the company and contribute to its success over a specified period of time. Once the restrictions are lifted, employees may exercise their stock options and enjoy the financial benefits of stock ownership. It is important to note that the District of Columbia Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. may have different variations or types to accommodate for various categories of employees. For example, there may be separate plans for executives, senior management, and other employees based on their roles, responsibilities, and levels within the organization. These distinctions ensure that the plan is customized to suit the needs and requirements of different employee groups while maintaining fairness and equity. In summary, the District of Columbia Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program that combines performance-based incentives and restricted stock grants to motivate, attract, and retain top talent. By linking compensation to the company's success and providing equity ownership opportunities, this plan aligns employees' interests with the long-term growth and profitability of INALCOL Enterprises, Inc.