Idaho 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 Idaho Long Term Performance and Restricted Stock Incentive Plan is a comprehensive compensation program designed by INALCOL Enterprises, Inc. to reward and encourage the long-term performance and loyalty of its employees. This plan includes various incentives and benefits that aim to foster employee engagement, improve retention rates, and align employee interests with the company's long-term objectives. Under this plan, eligible employees are granted restricted stock units (RSS) as a form of compensation. This RSS represents a promise to deliver shares of INALCOL Enterprises, Inc. stock to employees at a future date, subject to certain performance and vesting conditions. By tying the value of these units to the company's stock, the plan aligns employees' financial interests with the overall success of the organization. The Idaho Long Term Performance and Restricted Stock Incentive Plan offers different types of awards to employees based on their level and position within the company. These may include equity-based awards such as stock options, performance shares, or restricted stock awards. Each award has its own unique terms and conditions, which are carefully designed to motivate and retain employees over the long term. The plan also incorporates performance-based features, such as performance goals and vesting schedules, to further align employees' efforts with the company's strategic objectives. These goals may be based on financial metrics, operational targets, or other key performance indicators that reflect the company's long-term growth prospects. Additionally, the Idaho Long Term Performance and Restricted Stock Incentive Plan may include a cash element, allowing employees to receive a portion of their incentive compensation in cash rather than solely in company stock. This flexibility provides additional liquidity to employees while maintaining the performance-based nature of the plan. Overall, the Idaho Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program that rewards employees for their contributions, stimulates long-term performance, and aligns their interests with the company's success. By combining equity-based awards, performance metrics, and flexibility in payout options, this plan aims to attract, retain, and motivate talented individuals to drive the company's growth in the Idaho region and beyond.

The Idaho Long Term Performance and Restricted Stock Incentive Plan is a comprehensive compensation program designed by INALCOL Enterprises, Inc. to reward and encourage the long-term performance and loyalty of its employees. This plan includes various incentives and benefits that aim to foster employee engagement, improve retention rates, and align employee interests with the company's long-term objectives. Under this plan, eligible employees are granted restricted stock units (RSS) as a form of compensation. This RSS represents a promise to deliver shares of INALCOL Enterprises, Inc. stock to employees at a future date, subject to certain performance and vesting conditions. By tying the value of these units to the company's stock, the plan aligns employees' financial interests with the overall success of the organization. The Idaho Long Term Performance and Restricted Stock Incentive Plan offers different types of awards to employees based on their level and position within the company. These may include equity-based awards such as stock options, performance shares, or restricted stock awards. Each award has its own unique terms and conditions, which are carefully designed to motivate and retain employees over the long term. The plan also incorporates performance-based features, such as performance goals and vesting schedules, to further align employees' efforts with the company's strategic objectives. These goals may be based on financial metrics, operational targets, or other key performance indicators that reflect the company's long-term growth prospects. Additionally, the Idaho Long Term Performance and Restricted Stock Incentive Plan may include a cash element, allowing employees to receive a portion of their incentive compensation in cash rather than solely in company stock. This flexibility provides additional liquidity to employees while maintaining the performance-based nature of the plan. Overall, the Idaho Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program that rewards employees for their contributions, stimulates long-term performance, and aligns their interests with the company's success. By combining equity-based awards, performance metrics, and flexibility in payout options, this plan aims to attract, retain, and motivate talented individuals to drive the company's growth in the Idaho region and beyond.