Hawaii Long Term Incentive Compensation Plan of A.M. Castle and Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-20-181
• Format: Word; Rich Text

Description

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 The Hawaii Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive rewards program offered by the company to motivate and retain its employees in Hawaii. With a focus on long-term goals, this compensation plan aims to attract top talent, drive performance, and align employees' interests with the company's success. The Hawaii Long Term Incentive Compensation Plan consists of various components that provide employees with financial incentives and rewards based on their performance and tenure. These components may include stock options, restricted stock units (RSS), performance shares, and cash bonuses. Each component offers unique benefits and caters to different employee needs and preferences. One notable type of the Hawaii Long Term Incentive Compensation Plan is the stock options program. This program grants employees the opportunity to purchase company stock at a predetermined price, usually referred to as the "exercise price" or "strike price," within a specified period. Stock options provide employees with the potential to benefit from the company's future growth and financial success. Another component is restricted stock units (RSS), which are a form of equity compensation. RSS grant employees a certain number of company shares that are subject to a vesting period. Upon vesting, employees receive the shares, and their value may increase based on the company's performance. RSS aim to incentivize employees to stay with the company for the long term, as the value of the shares is contingent upon their continued employment. Performance shares are another type of incentive offered under the Hawaii Long Term Incentive Compensation Plan. These shares are granted to employees based on predetermined performance goals, such as financial targets, operational metrics, or individual objectives. The number of performance shares earned depends on the level of achievement attained by each employee, allowing them to directly benefit from their contributions to the company's success. Cash bonuses may also be included in the Hawaii Long Term Incentive Compensation Plan to recognize exceptional performance, individual accomplishments, or team achievements of employees. These bonuses are typically based on predetermined criteria and aim to reward and motivate employees in a more immediate and tangible manner. By offering a comprehensive and diversified array of long-term incentives, the Hawaii Long Term Incentive Compensation Plan of A.M. Castle and Co. strives to attract, retain, and engage employees in Hawaii. These incentives not only promote financial growth and stability for employees but also create a sense of shared success and alignment with the company's goals.

The Hawaii Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive rewards program offered by the company to motivate and retain its employees in Hawaii. With a focus on long-term goals, this compensation plan aims to attract top talent, drive performance, and align employees' interests with the company's success. The Hawaii Long Term Incentive Compensation Plan consists of various components that provide employees with financial incentives and rewards based on their performance and tenure. These components may include stock options, restricted stock units (RSS), performance shares, and cash bonuses. Each component offers unique benefits and caters to different employee needs and preferences. One notable type of the Hawaii Long Term Incentive Compensation Plan is the stock options program. This program grants employees the opportunity to purchase company stock at a predetermined price, usually referred to as the "exercise price" or "strike price," within a specified period. Stock options provide employees with the potential to benefit from the company's future growth and financial success. Another component is restricted stock units (RSS), which are a form of equity compensation. RSS grant employees a certain number of company shares that are subject to a vesting period. Upon vesting, employees receive the shares, and their value may increase based on the company's performance. RSS aim to incentivize employees to stay with the company for the long term, as the value of the shares is contingent upon their continued employment. Performance shares are another type of incentive offered under the Hawaii Long Term Incentive Compensation Plan. These shares are granted to employees based on predetermined performance goals, such as financial targets, operational metrics, or individual objectives. The number of performance shares earned depends on the level of achievement attained by each employee, allowing them to directly benefit from their contributions to the company's success. Cash bonuses may also be included in the Hawaii Long Term Incentive Compensation Plan to recognize exceptional performance, individual accomplishments, or team achievements of employees. These bonuses are typically based on predetermined criteria and aim to reward and motivate employees in a more immediate and tangible manner. By offering a comprehensive and diversified array of long-term incentives, the Hawaii Long Term Incentive Compensation Plan of A.M. Castle and Co. strives to attract, retain, and engage employees in Hawaii. These incentives not only promote financial growth and stability for employees but also create a sense of shared success and alignment with the company's goals.