Guam 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 Guam Long Term Performance and Restricted Stock Incentive Plan is an initiative introduced by INALCOL Enterprises, Inc. to motivate and reward its employees for superior long-term performance. By utilizing this plan, INALCOL aims to align the interests of its workforce with the company's overall goals and objectives. Under the Guam Long Term Performance and Restricted Stock Incentive Plan, eligible employees have the opportunity to receive restricted stock units (RSS) as a form of compensation. RSS represent ownership in INALCOL Enterprises, Inc. and offer a potential financial gain based on the company's performance over an extended period of time. The plan is structured with various performance criteria and vesting schedules, ensuring that employees are rewarded proportionately to their contributions and the overall success of the organization. Several factors, such as financial targets, growth initiatives, and sustainable development practices, may be considered when determining the performance criteria. The Guam Long Term Performance and Restricted Stock Incentive Plan may have different variants depending on factors like seniority level, department, or location. For instance, there could be separate plans tailored for executives, mid-level managers, and employees based in different subsidiaries or divisions of INALCOL Enterprises, Inc. Executives may have access to an Executive Guam Long Term Performance and Restricted Stock Incentive Plan, which offers additional benefits and performance measures specific to their leadership role. Mid-level managers may be eligible for a Managerial Guam Long Term Performance and Restricted Stock Incentive Plan, recognizing their contributions to departmental or divisional growth. Similarly, employees working in different locations might have a localized variant, known as the Guam Long Term Performance and Restricted Stock Incentive Plan (Country/Region) edition, designed to address specific market conditions or regional challenges. Overall, the Guam Long Term Performance and Restricted Stock Incentive Plan demonstrates INALCOL Enterprises, Inc.'s commitment to fostering employee engagement, recognizing exceptional performance, and creating a long-term partnership between the organization and its workforce. By offering tangible ownership in the company, this plan encourages employees to actively contribute to the success and growth of INALCOL Enterprises, Inc. while providing them with a valuable financial opportunity.

The Guam Long Term Performance and Restricted Stock Incentive Plan is an initiative introduced by INALCOL Enterprises, Inc. to motivate and reward its employees for superior long-term performance. By utilizing this plan, INALCOL aims to align the interests of its workforce with the company's overall goals and objectives. Under the Guam Long Term Performance and Restricted Stock Incentive Plan, eligible employees have the opportunity to receive restricted stock units (RSS) as a form of compensation. RSS represent ownership in INALCOL Enterprises, Inc. and offer a potential financial gain based on the company's performance over an extended period of time. The plan is structured with various performance criteria and vesting schedules, ensuring that employees are rewarded proportionately to their contributions and the overall success of the organization. Several factors, such as financial targets, growth initiatives, and sustainable development practices, may be considered when determining the performance criteria. The Guam Long Term Performance and Restricted Stock Incentive Plan may have different variants depending on factors like seniority level, department, or location. For instance, there could be separate plans tailored for executives, mid-level managers, and employees based in different subsidiaries or divisions of INALCOL Enterprises, Inc. Executives may have access to an Executive Guam Long Term Performance and Restricted Stock Incentive Plan, which offers additional benefits and performance measures specific to their leadership role. Mid-level managers may be eligible for a Managerial Guam Long Term Performance and Restricted Stock Incentive Plan, recognizing their contributions to departmental or divisional growth. Similarly, employees working in different locations might have a localized variant, known as the Guam Long Term Performance and Restricted Stock Incentive Plan (Country/Region) edition, designed to address specific market conditions or regional challenges. Overall, the Guam Long Term Performance and Restricted Stock Incentive Plan demonstrates INALCOL Enterprises, Inc.'s commitment to fostering employee engagement, recognizing exceptional performance, and creating a long-term partnership between the organization and its workforce. By offering tangible ownership in the company, this plan encourages employees to actively contribute to the success and growth of INALCOL Enterprises, Inc. while providing them with a valuable financial opportunity.