Iowa 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 Iowa Long Term Performance and Restricted Stock Incentive Plan is a compensation plan introduced by INALCOL Enterprises, Inc., an energy services company based in Iowa. This plan aims to reward key employees and executives for their long-term contributions and performance within the company. By utilizing a combination of restricted stock and performance-based incentives, this plan motivates employees to achieve corporate goals while aligning their interests with shareholders. Under the Iowa Long Term Performance and Restricted Stock Incentive Plan, eligible participants are granted restricted stock units (RSS) as a form of compensation. RSS represents a promise to deliver shares of company stock to participants at a specified future date, subject to certain restrictions and conditions. This ensures that employees receive their shares only after meeting predetermined goals, such as achieving financial targets, operational milestones, or increasing shareholder value. The plan is designed to provide participants with a meaningful ownership stake in INALCOL Enterprises, Inc., thereby fostering a sense of commitment and motivation in driving the company's growth. Through the distribution of RSS, the plan creates a direct link between company performance and individual compensation. As employees work towards meeting designated performance criteria, they earn the right to receive and own company stock, which can potentially provide significant financial rewards over the long term. Within the Iowa Long Term Performance and Restricted Stock Incentive Plan, there may be variations or additional types of grants to accommodate different employee levels or positions within the company. For senior executives or top management, there may be separate and more substantial grants, reflecting their higher level of responsibility and impact on the organization's overall performance. These variations ensure that the plan is tailored to the specific needs and objectives of different employee segments, encouraging retention and attracting top talent to INALCOL Enterprises, Inc. In summary, the Iowa Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. offers a comprehensive compensation structure that combines restricted stock units and performance-based incentives. By utilizing this plan, the company motivates its employees to achieve long-term growth objectives, aligns their interests with shareholders, and rewards them for their valuable contributions to the organization's success.

The Iowa Long Term Performance and Restricted Stock Incentive Plan is a compensation plan introduced by INALCOL Enterprises, Inc., an energy services company based in Iowa. This plan aims to reward key employees and executives for their long-term contributions and performance within the company. By utilizing a combination of restricted stock and performance-based incentives, this plan motivates employees to achieve corporate goals while aligning their interests with shareholders. Under the Iowa Long Term Performance and Restricted Stock Incentive Plan, eligible participants are granted restricted stock units (RSS) as a form of compensation. RSS represents a promise to deliver shares of company stock to participants at a specified future date, subject to certain restrictions and conditions. This ensures that employees receive their shares only after meeting predetermined goals, such as achieving financial targets, operational milestones, or increasing shareholder value. The plan is designed to provide participants with a meaningful ownership stake in INALCOL Enterprises, Inc., thereby fostering a sense of commitment and motivation in driving the company's growth. Through the distribution of RSS, the plan creates a direct link between company performance and individual compensation. As employees work towards meeting designated performance criteria, they earn the right to receive and own company stock, which can potentially provide significant financial rewards over the long term. Within the Iowa Long Term Performance and Restricted Stock Incentive Plan, there may be variations or additional types of grants to accommodate different employee levels or positions within the company. For senior executives or top management, there may be separate and more substantial grants, reflecting their higher level of responsibility and impact on the organization's overall performance. These variations ensure that the plan is tailored to the specific needs and objectives of different employee segments, encouraging retention and attracting top talent to INALCOL Enterprises, Inc. In summary, the Iowa Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. offers a comprehensive compensation structure that combines restricted stock units and performance-based incentives. By utilizing this plan, the company motivates its employees to achieve long-term growth objectives, aligns their interests with shareholders, and rewards them for their valuable contributions to the organization's success.