Florida 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 Florida Long Term Performance and Restricted Stock Incentive Plan is a comprehensive compensation program introduced by INALCOL Enterprises, Inc., a prominent company based in Florida. This plan aims to motivate and reward employees for their long-term commitment to the company's growth and success. By offering a mix of stock-based incentives and performance-based rewards, the plan encourages excellence and aligns the interests of employees with those of the company's stakeholders. Under the Florida Long Term Performance and Restricted Stock Incentive Plan, eligible employees are provided with various stock-based awards and long-term incentives based on their performance and tenure with the company. The plan consists of different types of awards that are designed to cater to various employee levels and roles within the organization. These awards include: 1. Restricted Stock Units (RSS): RSS are a popular form of compensation that grants employees the right to receive shares of INALCOL Enterprises' stock after meeting specific vesting requirements. The RSS serve as a powerful incentive for employees to stay with the company and contribute to its long-term success. 2. Performance Shares: Performance shares are awarded to employees based on the achievement of predetermined financial or operational goals. These goals are set by the company and align with its strategic objectives. Performance shares provide a direct link between an employee's performance and the potential for increased stock ownership. 3. Stock Options: Stock options grant employees the right to purchase shares of INALCOL Enterprises' stock at a predetermined price, known as the exercise price, within a specified timeframe. This empowers the employee to benefit from any increase in the company's stock value over time, thus incentivizing them to contribute to its long-term growth. 4. Stock Appreciation Rights (SARS): SARS provide employees with the opportunity to receive cash or stock payments based on the appreciation in the company's stock value over a defined period. This type of award is beneficial when employees prefer immediate financial gains rather than holding onto the company's stock. Through the Florida Long Term Performance and Restricted Stock Incentive Plan, INALCOL Enterprises aims to attract and retain talented individuals who can contribute to the company's long-term growth. This plan offers employees the potential to share in the success of the company while also providing strong incentives for exceptional performance. By aligning the interests of its employees with those of the company's shareholders, INALCOL Enterprises creates a motivated and high-performing workforce dedicated to driving the company's success in the dynamic Florida business landscape.

The Florida Long Term Performance and Restricted Stock Incentive Plan is a comprehensive compensation program introduced by INALCOL Enterprises, Inc., a prominent company based in Florida. This plan aims to motivate and reward employees for their long-term commitment to the company's growth and success. By offering a mix of stock-based incentives and performance-based rewards, the plan encourages excellence and aligns the interests of employees with those of the company's stakeholders. Under the Florida Long Term Performance and Restricted Stock Incentive Plan, eligible employees are provided with various stock-based awards and long-term incentives based on their performance and tenure with the company. The plan consists of different types of awards that are designed to cater to various employee levels and roles within the organization. These awards include: 1. Restricted Stock Units (RSS): RSS are a popular form of compensation that grants employees the right to receive shares of INALCOL Enterprises' stock after meeting specific vesting requirements. The RSS serve as a powerful incentive for employees to stay with the company and contribute to its long-term success. 2. Performance Shares: Performance shares are awarded to employees based on the achievement of predetermined financial or operational goals. These goals are set by the company and align with its strategic objectives. Performance shares provide a direct link between an employee's performance and the potential for increased stock ownership. 3. Stock Options: Stock options grant employees the right to purchase shares of INALCOL Enterprises' stock at a predetermined price, known as the exercise price, within a specified timeframe. This empowers the employee to benefit from any increase in the company's stock value over time, thus incentivizing them to contribute to its long-term growth. 4. Stock Appreciation Rights (SARS): SARS provide employees with the opportunity to receive cash or stock payments based on the appreciation in the company's stock value over a defined period. This type of award is beneficial when employees prefer immediate financial gains rather than holding onto the company's stock. Through the Florida Long Term Performance and Restricted Stock Incentive Plan, INALCOL Enterprises aims to attract and retain talented individuals who can contribute to the company's long-term growth. This plan offers employees the potential to share in the success of the company while also providing strong incentives for exceptional performance. By aligning the interests of its employees with those of the company's shareholders, INALCOL Enterprises creates a motivated and high-performing workforce dedicated to driving the company's success in the dynamic Florida business landscape.