Georgia 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 Georgia Long Term Performance and Restricted Stock Incentive Plan is a compensation program designed for employees of INALCOL Enterprises, Inc., a reputable company in Georgia. This plan aims to reward and incentivize high-performing employees by offering long-term incentives in the form of restricted stock grants. Under the Georgia Long Term Performance and Restricted Stock Incentive Plan, employees have the opportunity to earn shares of the company's stock based on their performance and contribution to the company's overall success. These shares are restricted, meaning that they cannot be sold immediately and typically have a vesting period before they can be fully owned by the employee. There are different types of Georgia Long Term Performance and Restricted Stock Incentive Plans offered by INALCOL Enterprises, Inc., including: 1. Performance-Based Restricted Stock Incentive Plans: These plans are designed to reward employees based on predefined performance metrics and objectives. The allocation of restricted stock is directly linked to the achievement of these goals, such as revenue growth, cost reduction, or market share increase. By meeting or exceeding these targets, employees can earn additional shares of the company's stock. 2. Time-Based Restricted Stock Incentive Plans: In this type of plan, employees receive restricted stock grants based on their tenure with the company. These grants often have a vesting period, typically spanning multiple years, during which the shares gradually become fully owned by the employee. This type of plan aims to encourage employee retention by providing a long-term incentive that is tied to their continued service. 3. Performance and Time-Based Hybrid Plans: INALCOL Enterprises, Inc. may also offer a combination of both performance and time-based restricted stock incentives. These plans consider both an employee's performance achievements and their length of service to determine the allocation and vesting of the restricted stock grants. The hybrid approach combines performance-based rewards with the stability of time-based incentives. The Georgia Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. serves as a powerful tool to attract, retain, and motivate talented employees. By aligning employee interests with the long-term success of the company, this plan contributes to a culture of excellence and drive within the organization. It provides employees with an opportunity to participate in the company's growth and success while fostering a sense of ownership and loyalty.

The Georgia Long Term Performance and Restricted Stock Incentive Plan is a compensation program designed for employees of INALCOL Enterprises, Inc., a reputable company in Georgia. This plan aims to reward and incentivize high-performing employees by offering long-term incentives in the form of restricted stock grants. Under the Georgia Long Term Performance and Restricted Stock Incentive Plan, employees have the opportunity to earn shares of the company's stock based on their performance and contribution to the company's overall success. These shares are restricted, meaning that they cannot be sold immediately and typically have a vesting period before they can be fully owned by the employee. There are different types of Georgia Long Term Performance and Restricted Stock Incentive Plans offered by INALCOL Enterprises, Inc., including: 1. Performance-Based Restricted Stock Incentive Plans: These plans are designed to reward employees based on predefined performance metrics and objectives. The allocation of restricted stock is directly linked to the achievement of these goals, such as revenue growth, cost reduction, or market share increase. By meeting or exceeding these targets, employees can earn additional shares of the company's stock. 2. Time-Based Restricted Stock Incentive Plans: In this type of plan, employees receive restricted stock grants based on their tenure with the company. These grants often have a vesting period, typically spanning multiple years, during which the shares gradually become fully owned by the employee. This type of plan aims to encourage employee retention by providing a long-term incentive that is tied to their continued service. 3. Performance and Time-Based Hybrid Plans: INALCOL Enterprises, Inc. may also offer a combination of both performance and time-based restricted stock incentives. These plans consider both an employee's performance achievements and their length of service to determine the allocation and vesting of the restricted stock grants. The hybrid approach combines performance-based rewards with the stability of time-based incentives. The Georgia Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. serves as a powerful tool to attract, retain, and motivate talented employees. By aligning employee interests with the long-term success of the company, this plan contributes to a culture of excellence and drive within the organization. It provides employees with an opportunity to participate in the company's growth and success while fostering a sense of ownership and loyalty.