Illinois 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 Illinois Long Term Performance and Restricted Stock Incentive Plan is a comprehensive compensation program implemented by INALCOL Enterprises, Inc. to incentivize and reward their employees based on their long-term performance and contributions. This Plan is designed to align the interests of the employees with the growth and success of the company, therefore driving both individual and organizational performance. Under the Illinois Long Term Performance and Restricted Stock Incentive Plan, eligible employees receive incentive compensation in the form of restricted stock units (RSS) and stock options. This compensation structure encourages employees to remain with the company, perform at a high level, and contribute to the long-term success and profitability of INALCOL Enterprises, Inc. The RSS granted to employees represent a specific number of shares of the company's restricted stock. However, employees must satisfy specified performance criteria and remain employed by INALCOL Enterprises, Inc. for a predetermined period of time before the RSS fully vest. This provision ensures that employees are connected to the long-term performance and growth of the company. On the other hand, employees may also be granted stock options as part of this Plan. Stock options give employees the right to purchase a specified number of shares at a predetermined price, known as the exercise price, within a set timeframe. The exercise price is usually set at the market price of the company's stock on the date of grant. Employees can exercise their stock options once they meet certain performance criteria and remain with the company for a certain period, encouraging them to contribute to the long-term success of INALCOL Enterprises, Inc. The Illinois Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. aims to attract and retain talented individuals, motivate employees to achieve long-term goals, align employee interests with shareholder interests, and promote a culture of performance and accountability within the organization. It provides a valuable compensation tool that can help reward exceptional performance, drive loyalty, and promote the growth and profitability of INALCOL Enterprises, Inc. Overall, the Illinois Long Term Performance and Restricted Stock Incentive Plan illustrates the commitment of INALCOL Enterprises, Inc. to creating a fair and competitive compensation structure that incentivizes employees to contribute to the long-term success of the company. By offering restricted stock units (RSS) and stock options, this Plan ensures that employees are rewarded for their performance, while also fostering a sense of ownership and alignment with the company's objectives.

The Illinois Long Term Performance and Restricted Stock Incentive Plan is a comprehensive compensation program implemented by INALCOL Enterprises, Inc. to incentivize and reward their employees based on their long-term performance and contributions. This Plan is designed to align the interests of the employees with the growth and success of the company, therefore driving both individual and organizational performance. Under the Illinois Long Term Performance and Restricted Stock Incentive Plan, eligible employees receive incentive compensation in the form of restricted stock units (RSS) and stock options. This compensation structure encourages employees to remain with the company, perform at a high level, and contribute to the long-term success and profitability of INALCOL Enterprises, Inc. The RSS granted to employees represent a specific number of shares of the company's restricted stock. However, employees must satisfy specified performance criteria and remain employed by INALCOL Enterprises, Inc. for a predetermined period of time before the RSS fully vest. This provision ensures that employees are connected to the long-term performance and growth of the company. On the other hand, employees may also be granted stock options as part of this Plan. Stock options give employees the right to purchase a specified number of shares at a predetermined price, known as the exercise price, within a set timeframe. The exercise price is usually set at the market price of the company's stock on the date of grant. Employees can exercise their stock options once they meet certain performance criteria and remain with the company for a certain period, encouraging them to contribute to the long-term success of INALCOL Enterprises, Inc. The Illinois Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. aims to attract and retain talented individuals, motivate employees to achieve long-term goals, align employee interests with shareholder interests, and promote a culture of performance and accountability within the organization. It provides a valuable compensation tool that can help reward exceptional performance, drive loyalty, and promote the growth and profitability of INALCOL Enterprises, Inc. Overall, the Illinois Long Term Performance and Restricted Stock Incentive Plan illustrates the commitment of INALCOL Enterprises, Inc. to creating a fair and competitive compensation structure that incentivizes employees to contribute to the long-term success of the company. By offering restricted stock units (RSS) and stock options, this Plan ensures that employees are rewarded for their performance, while also fostering a sense of ownership and alignment with the company's objectives.