Iowa 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 Iowa Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive compensation program designed to reward and retain key employees by providing them with long-term incentives. This plan is specifically implemented in Iowa, United States, and is tailored to meet the needs and goals of both the company and its employees. One type of the Iowa Long Term Incentive Compensation Plan offered by A.M. Castle and Co. is the Stock Options. Under this plan, eligible employees are granted the right to purchase company stock at a predetermined price, known as the exercise or strike price. These stock options typically have a vesting period, which means that employees must remain with the company for a certain period of time before they can exercise the options and acquire the shares. Stock options provide employees with the opportunity to benefit from the company's future growth and increase in stock value. Another type of the plan is the Restricted Stock Units (RSS). RSS are awards of company stock that are granted to employees without any purchase price. Unlike stock options, RSS have a vesting period during which employees must remain employed by the company before they can receive the shares. Once the RSS vest, employees typically receive the shares outright. The Iowa Long Term Incentive Compensation Plan may also include Performance Share Units (Plus). Plus are awards that are tied to performance goals and objectives established by the company. These goals are usually predetermined and need to be attained within a specified period. Upon achievement of the performance targets, the employee may receive cash, company stock, or a combination of both. The plan may also include Cash Performance Units (CPUs) as a form of long-term incentive compensation. CPUs are cash awards that are contingent upon meeting certain performance criteria or goals. It is important to note that the specifics of the Iowa Long Term Incentive Compensation Plan offered by A.M. Castle and Co. may vary from year to year and may be subject to change based on internal policies and external market conditions. Employees are encouraged to consult the plan documents and communicate with the company's HR department to obtain the most up-to-date information regarding the plan's features, eligibility, and potential benefits. Keywords: Iowa Long Term Incentive Compensation Plan, A.M. Castle and Co., compensation program, key employees, long-term incentives, United States, stock options, restricted stock units, RSS, vesting period, shares, performance share units, Plus, performance goals, cash performance units, CPUs, internal policies, HR department, eligibility, benefits.

The Iowa Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive compensation program designed to reward and retain key employees by providing them with long-term incentives. This plan is specifically implemented in Iowa, United States, and is tailored to meet the needs and goals of both the company and its employees. One type of the Iowa Long Term Incentive Compensation Plan offered by A.M. Castle and Co. is the Stock Options. Under this plan, eligible employees are granted the right to purchase company stock at a predetermined price, known as the exercise or strike price. These stock options typically have a vesting period, which means that employees must remain with the company for a certain period of time before they can exercise the options and acquire the shares. Stock options provide employees with the opportunity to benefit from the company's future growth and increase in stock value. Another type of the plan is the Restricted Stock Units (RSS). RSS are awards of company stock that are granted to employees without any purchase price. Unlike stock options, RSS have a vesting period during which employees must remain employed by the company before they can receive the shares. Once the RSS vest, employees typically receive the shares outright. The Iowa Long Term Incentive Compensation Plan may also include Performance Share Units (Plus). Plus are awards that are tied to performance goals and objectives established by the company. These goals are usually predetermined and need to be attained within a specified period. Upon achievement of the performance targets, the employee may receive cash, company stock, or a combination of both. The plan may also include Cash Performance Units (CPUs) as a form of long-term incentive compensation. CPUs are cash awards that are contingent upon meeting certain performance criteria or goals. It is important to note that the specifics of the Iowa Long Term Incentive Compensation Plan offered by A.M. Castle and Co. may vary from year to year and may be subject to change based on internal policies and external market conditions. Employees are encouraged to consult the plan documents and communicate with the company's HR department to obtain the most up-to-date information regarding the plan's features, eligibility, and potential benefits. Keywords: Iowa Long Term Incentive Compensation Plan, A.M. Castle and Co., compensation program, key employees, long-term incentives, United States, stock options, restricted stock units, RSS, vesting period, shares, performance share units, Plus, performance goals, cash performance units, CPUs, internal policies, HR department, eligibility, benefits.