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
Georgia Long Term Incentive Compensation Plan of A.M. Castle and Co.
State:
Multi-State
Control #:
US-CC-20-181
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Long Term Incentive Compensation Plan Of A.M. Castle And Co.?
US Legal Forms - one of the biggest libraries of authorized types in the United States - gives a wide range of authorized file themes you are able to download or print out. While using web site, you can get 1000s of types for company and individual functions, categorized by groups, suggests, or keywords.You can get the most up-to-date types of types such as the Georgia Long Term Incentive Compensation Plan of A.M. Castle and Co. within minutes.
If you have a monthly subscription, log in and download Georgia Long Term Incentive Compensation Plan of A.M. Castle and Co. through the US Legal Forms collection. The Obtain key will appear on each and every kind you perspective. You have access to all formerly downloaded types inside the My Forms tab of your profile.
In order to use US Legal Forms the very first time, allow me to share simple directions to obtain started off:
- Be sure to have selected the right kind for the town/state. Select the Preview key to check the form`s articles. Look at the kind outline to actually have chosen the appropriate kind.
- If the kind doesn`t match your specifications, make use of the Search discipline near the top of the screen to discover the one who does.
- In case you are happy with the form, affirm your decision by simply clicking the Buy now key. Then, choose the costs plan you prefer and offer your accreditations to sign up on an profile.
- Method the transaction. Use your credit card or PayPal profile to accomplish the transaction.
- Select the file format and download the form in your product.
- Make adjustments. Fill out, change and print out and indicator the downloaded Georgia Long Term Incentive Compensation Plan of A.M. Castle and Co..
Every single web template you included with your bank account does not have an expiry particular date and is also your own property permanently. So, if you would like download or print out yet another duplicate, just check out the My Forms segment and then click in the kind you will need.
Gain access to the Georgia Long Term Incentive Compensation Plan of A.M. Castle and Co. with US Legal Forms, probably the most substantial collection of authorized file themes. Use 1000s of skilled and express-certain themes that satisfy your organization or individual requires and specifications.
Form popularity
FAQ
term incentive plan (LTIP or LTI plan) is a deferred compensation strategy to attract, reward and motivate your employees, while also helping your company to retain valued talent and grow. LTIP prevalence: 98% of public companies provide LTIPs while 63% of private companies offer LTIPs. ( Source: SHRM)
term incentive plan (LTIP) incentivizes employees to take actions that will maximize shareholder value and promote longterm growth for the organization. In a standard LTIP, the employee, who is normally a senior executive, is required to meet a number of criteria to receive the incentive.
Incentive compensation is a form of variable compensation in which a salesperson's (or other employee's) earnings are directly tied to the amount of product they sell, the success of their team, or the organization's success.
An annual incentive plan outlines compensation to be paid to employees when they achieve certain performance-related goals over 12 months. This compensation is in addition to their regular salary ? it may be an employee gift, cash incentive, or another type of bonus or reward.
For example, the employer may offer health insurance, dental insurance, life insurance, short- and long-term disability insurance and vision insurance. Employee retirement plans, like 401(k) plans, are another common form of indirect compensation. Equity-based programs are another compensation offering.
An annual incentive plan is a plan for compensation that is earned and paid based upon the achievement of performance goals over a one-year period. These plans motivate performance and align executives' work with the company's short-term performance goals.
A good example of a monetary incentive is a sales-based incentive. Sales-based incentive compensation is ideal for employees who are responsible for talking to customers and closing sales. Employers often structure these incentive plans as a percentage, like 5% of all the deals each sales rep closes.
For example, a manager agrees to give everyone working on a certain marketing account a $500 bonus if they can complete all deliverables and get client approval by the end of the week.