Delaware 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 Delaware Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program designed to motivate and reward employees while aligning their interests with the long-term success of the company. This plan offers both performance-based and restricted stock units to eligible participants. Under the Delaware Long Term Performance and Restricted Stock Incentive Plan, eligible employees are granted performance-based awards that are tied to specific performance goals and metrics. These goals may include financial targets, operational objectives, or other milestones established by the company. The performance period for these awards typically spans several years to promote sustainable growth and encourage strategic decision-making. The plan also includes the issuance of restricted stock units (RSS) as a form of incentive. RSS are awarded to participants and represent the right to receive a specified number of shares of company stock at a predetermined future date. These units often vest over time, ensuring continuity of employee commitment to the organization. Once the RSS have vested, employees can convert them into actual shares of company stock. By offering both performance-based awards and restricted stock units, the Delaware Long Term Performance and Restricted Stock Incentive Plan provides employees with a two-pronged approach for wealth accumulation and long-term engagement. Participants can benefit from the plan's performance-based awards, which reward exceptional achievements and contributions to the company's success. Moreover, the RSS serve as a long-term investment in the company's stock, increasing employee ownership and fostering a sense of loyalty and commitment. The Delaware Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. encompasses various types of performance-based and restricted stock awards. These may include Performance Share Units (Plus), Performance Stock Options (SOS), and Restricted Stock Awards (SAS). Each type of award has its own unique criteria and requirements, ensuring a well-optimized compensation structure that encourages excellence and aligns employee interests with the company's objectives. Plus, for example, grant participants a specified number of shares based on the achievement of pre-established performance goals. SOS, on the other hand, give employees the ability to purchase company stock at a predetermined price after specific performance targets have been met. SAS involves the granting of actual shares of company stock that are subject to restrictions, such as vesting requirements or limitations on transferability. Overall, the Delaware Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive and multifaceted compensation system designed to attract, retain, and motivate top talent. By leveraging performance-based awards and restricted stock units, the plan encourages exceptional performance, promotes employee ownership, and aligns the long-term interests of employees with the overall success of the company.

The Delaware Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program designed to motivate and reward employees while aligning their interests with the long-term success of the company. This plan offers both performance-based and restricted stock units to eligible participants. Under the Delaware Long Term Performance and Restricted Stock Incentive Plan, eligible employees are granted performance-based awards that are tied to specific performance goals and metrics. These goals may include financial targets, operational objectives, or other milestones established by the company. The performance period for these awards typically spans several years to promote sustainable growth and encourage strategic decision-making. The plan also includes the issuance of restricted stock units (RSS) as a form of incentive. RSS are awarded to participants and represent the right to receive a specified number of shares of company stock at a predetermined future date. These units often vest over time, ensuring continuity of employee commitment to the organization. Once the RSS have vested, employees can convert them into actual shares of company stock. By offering both performance-based awards and restricted stock units, the Delaware Long Term Performance and Restricted Stock Incentive Plan provides employees with a two-pronged approach for wealth accumulation and long-term engagement. Participants can benefit from the plan's performance-based awards, which reward exceptional achievements and contributions to the company's success. Moreover, the RSS serve as a long-term investment in the company's stock, increasing employee ownership and fostering a sense of loyalty and commitment. The Delaware Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. encompasses various types of performance-based and restricted stock awards. These may include Performance Share Units (Plus), Performance Stock Options (SOS), and Restricted Stock Awards (SAS). Each type of award has its own unique criteria and requirements, ensuring a well-optimized compensation structure that encourages excellence and aligns employee interests with the company's objectives. Plus, for example, grant participants a specified number of shares based on the achievement of pre-established performance goals. SOS, on the other hand, give employees the ability to purchase company stock at a predetermined price after specific performance targets have been met. SAS involves the granting of actual shares of company stock that are subject to restrictions, such as vesting requirements or limitations on transferability. Overall, the Delaware Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive and multifaceted compensation system designed to attract, retain, and motivate top talent. By leveraging performance-based awards and restricted stock units, the plan encourages exceptional performance, promotes employee ownership, and aligns the long-term interests of employees with the overall success of the company.