Idaho 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 Idaho Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive employee benefits program designed to incentivize and reward long-term employees of the company. This plan aims to attract, retain, and motivate talented individuals by providing them with attractive compensation opportunities linked to the company's long-term performance and success. The Idaho Long Term Incentive Compensation Plan is structured to align the interests of key employees with the overall goals and objectives of A.M. Castle and Co. It encourages employee loyalty and commitment by offering a combination of cash and equity-based incentives. These incentives are typically provided over a multi-year period to encourage employees to remain with the company and contribute to its sustained growth. The plan encompasses different types of compensation arrangements, each having its own unique features and eligibility criteria: 1. Performance-based Cash Incentives: Under this component, employees are rewarded based on their individual or team performance against predetermined goals and targets. This may include financial metrics such as revenue growth, cost reduction, and profitability, as well as non-financial indicators such as customer satisfaction and operational efficiency. 2. Long-Term Equity Incentives: In addition to cash incentives, eligible employees can also receive equity-based compensation in the form of stock options, restricted stock units (RSS), or performance shares. These grants are typically subject to vesting requirements, ensuring that employees remain committed to the company's long-term success. 3. Retention Incentives: To retain top talent, A.M. Castle and Co. may offer retention bonuses or special equity grants to key employees who reach specific milestones or continue their service with the company for a predetermined period. 4. Clawback Provisions: To maintain accountability and integrity, the plan may incorporate clawback provisions that allow the company to recoup incentive payments in case of financial restatements, fraud, or other misconduct that negatively impacts A.M. Castle and Co.'s performance or reputation. It is important to note that the specific terms and conditions of the Idaho Long Term Incentive Compensation Plan may vary depending on an employee's position, seniority, and overall contribution to the company. These details are typically communicated through formal documentation, including plan documents, grant agreements, and related policies. In summary, the Idaho Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive rewards program designed to motivate and retain top talent by aligning their interests with the company's long-term success. Through a combination of performance-based cash incentives, long-term equity grants, and retention bonuses, the plan ensures that employees share in the company's growth and performance while fostering loyalty and commitment.

Idaho Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive employee benefits program designed to incentivize and reward long-term employees of the company. This plan aims to attract, retain, and motivate talented individuals by providing them with attractive compensation opportunities linked to the company's long-term performance and success. The Idaho Long Term Incentive Compensation Plan is structured to align the interests of key employees with the overall goals and objectives of A.M. Castle and Co. It encourages employee loyalty and commitment by offering a combination of cash and equity-based incentives. These incentives are typically provided over a multi-year period to encourage employees to remain with the company and contribute to its sustained growth. The plan encompasses different types of compensation arrangements, each having its own unique features and eligibility criteria: 1. Performance-based Cash Incentives: Under this component, employees are rewarded based on their individual or team performance against predetermined goals and targets. This may include financial metrics such as revenue growth, cost reduction, and profitability, as well as non-financial indicators such as customer satisfaction and operational efficiency. 2. Long-Term Equity Incentives: In addition to cash incentives, eligible employees can also receive equity-based compensation in the form of stock options, restricted stock units (RSS), or performance shares. These grants are typically subject to vesting requirements, ensuring that employees remain committed to the company's long-term success. 3. Retention Incentives: To retain top talent, A.M. Castle and Co. may offer retention bonuses or special equity grants to key employees who reach specific milestones or continue their service with the company for a predetermined period. 4. Clawback Provisions: To maintain accountability and integrity, the plan may incorporate clawback provisions that allow the company to recoup incentive payments in case of financial restatements, fraud, or other misconduct that negatively impacts A.M. Castle and Co.'s performance or reputation. It is important to note that the specific terms and conditions of the Idaho Long Term Incentive Compensation Plan may vary depending on an employee's position, seniority, and overall contribution to the company. These details are typically communicated through formal documentation, including plan documents, grant agreements, and related policies. In summary, the Idaho Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive rewards program designed to motivate and retain top talent by aligning their interests with the company's long-term success. Through a combination of performance-based cash incentives, long-term equity grants, and retention bonuses, the plan ensures that employees share in the company's growth and performance while fostering loyalty and commitment.