District of Columbia 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 District of Columbia Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive program designed to reward and retain key employees of the company while aligning their interests with the long-term success of the organization. This plan offers various types of incentives that motivate employees to contribute their best, promoting company growth and enhancing shareholder value. One type of District of Columbia Long Term Incentive Compensation Plan offered by A.M. Castle and Co. is the Stock Option Plan. Under this plan, eligible employees are granted the opportunity to purchase company stocks at a predetermined price, known as the exercise price, within a specified timeframe. This plan encourages employees to work towards increasing the company's stock value, thus benefiting both the employee and the shareholders. Another type of incentive within the District of Columbia Long Term Incentive Compensation Plan is the Restricted Stock Unit (RSU) Plan. The RSU plan grants employees a certain number of units, which represent company shares, subject to specific vesting conditions. Once the conditions are met, the RSS convert into company stock, allowing employees to benefit from its appreciation over time. This plan ensures that employees are invested in the long-term success of the company and are rewarded accordingly. Furthermore, the District of Columbia Long Term Incentive Compensation Plan may also include a Performance-Based Cash Bonus Plan. Under this plan, employees have the opportunity to earn cash rewards based on predetermined performance metrics, such as company-wide financial targets or individual goals. This type of incentive promotes a culture of high performance and accountability within the organization. The District of Columbia Long Term Incentive Compensation Plan of A.M. Castle and Co. is carefully designed to attract, motivate, and retain top talent in the highly competitive market. By offering a mix of stock-based incentives, restricted stock units, and performance-based cash bonuses, the company ensures that employees are directly linked to the company's success and are incentivized to drive superior performance. Overall, A.M. Castle and Co.'s District of Columbia Long Term Incentive Compensation Plan seeks to foster a collaborative and high-performing work environment, where employees are rewarded for their contributions and are encouraged to take ownership of the company's long-term growth strategies.

The District of Columbia Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive program designed to reward and retain key employees of the company while aligning their interests with the long-term success of the organization. This plan offers various types of incentives that motivate employees to contribute their best, promoting company growth and enhancing shareholder value. One type of District of Columbia Long Term Incentive Compensation Plan offered by A.M. Castle and Co. is the Stock Option Plan. Under this plan, eligible employees are granted the opportunity to purchase company stocks at a predetermined price, known as the exercise price, within a specified timeframe. This plan encourages employees to work towards increasing the company's stock value, thus benefiting both the employee and the shareholders. Another type of incentive within the District of Columbia Long Term Incentive Compensation Plan is the Restricted Stock Unit (RSU) Plan. The RSU plan grants employees a certain number of units, which represent company shares, subject to specific vesting conditions. Once the conditions are met, the RSS convert into company stock, allowing employees to benefit from its appreciation over time. This plan ensures that employees are invested in the long-term success of the company and are rewarded accordingly. Furthermore, the District of Columbia Long Term Incentive Compensation Plan may also include a Performance-Based Cash Bonus Plan. Under this plan, employees have the opportunity to earn cash rewards based on predetermined performance metrics, such as company-wide financial targets or individual goals. This type of incentive promotes a culture of high performance and accountability within the organization. The District of Columbia Long Term Incentive Compensation Plan of A.M. Castle and Co. is carefully designed to attract, motivate, and retain top talent in the highly competitive market. By offering a mix of stock-based incentives, restricted stock units, and performance-based cash bonuses, the company ensures that employees are directly linked to the company's success and are incentivized to drive superior performance. Overall, A.M. Castle and Co.'s District of Columbia Long Term Incentive Compensation Plan seeks to foster a collaborative and high-performing work environment, where employees are rewarded for their contributions and are encouraged to take ownership of the company's long-term growth strategies.