Kansas 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 Kansas Long Term Performance and Restricted Stock Incentive Plan, provided by INALCOL Enterprises, Inc., is a comprehensive program designed to drive long-term performance and reward key individuals within the organization. This strategic plan offers various types of incentives to eligible participants, including restricted stock awards and performance-based stock units. One type of incentive under the Kansas Long Term Performance and Restricted Stock Incentive Plan is the Restricted Stock Award. This award grants eligible individuals a specific number of shares of INALCOL Enterprises, Inc. stock, which are subject to certain restrictions and conditions. These restrictions often include a vesting period, which requires the recipient to remain with the company for a specified period before they obtain complete ownership of the awarded shares. By tying the ownership and benefit of the stock to continued employment, this component of the plan promotes employee retention and long-term commitment to the company's success. Another key element of the plan is the Performance-Based Stock Units (Pass). These units are designed to reward eligible participants based on the achievement of predetermined performance goals. The performance goals can vary based on the individual's position, department, or the overall company's objectives. Successful attainment of these goals can result in the conversion of the Pass into actual shares of INALCOL Enterprises, Inc. stock, providing participants with additional ownership and potential financial benefits. The Kansas Long Term Performance and Restricted Stock Incentive Plan aims to align the interests of employees with the long-term growth and prosperity of INALCOL Enterprises, Inc. By providing incentives tied to stock ownership, the plan encourages participants to act in the best interests of the company and its shareholders. This ensures that employees are motivated to make decisions and take actions that contribute to the organization's overall success, growth, and profitability. It's important to note that the details and specific provisions of the Kansas Long Term Performance and Restricted Stock Incentive Plan can vary based on individual agreements and terms between the company and the eligible participants. Therefore, it is essential for individuals to review their own plan documents for a complete understanding of their rights, restrictions, and potential benefits under this program. Overall, the Kansas Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a strategic and comprehensive program that aims to reward key employees, promote retention, and align the interests of participants with the long-term success of the company. Through various incentives, such as restricted stock awards and performance-based stock units, this plan encourages employees to contribute to the growth and prosperity of INALCOL Enterprises, Inc., ultimately benefiting both individuals and the organization as a whole.

The Kansas Long Term Performance and Restricted Stock Incentive Plan, provided by INALCOL Enterprises, Inc., is a comprehensive program designed to drive long-term performance and reward key individuals within the organization. This strategic plan offers various types of incentives to eligible participants, including restricted stock awards and performance-based stock units. One type of incentive under the Kansas Long Term Performance and Restricted Stock Incentive Plan is the Restricted Stock Award. This award grants eligible individuals a specific number of shares of INALCOL Enterprises, Inc. stock, which are subject to certain restrictions and conditions. These restrictions often include a vesting period, which requires the recipient to remain with the company for a specified period before they obtain complete ownership of the awarded shares. By tying the ownership and benefit of the stock to continued employment, this component of the plan promotes employee retention and long-term commitment to the company's success. Another key element of the plan is the Performance-Based Stock Units (Pass). These units are designed to reward eligible participants based on the achievement of predetermined performance goals. The performance goals can vary based on the individual's position, department, or the overall company's objectives. Successful attainment of these goals can result in the conversion of the Pass into actual shares of INALCOL Enterprises, Inc. stock, providing participants with additional ownership and potential financial benefits. The Kansas Long Term Performance and Restricted Stock Incentive Plan aims to align the interests of employees with the long-term growth and prosperity of INALCOL Enterprises, Inc. By providing incentives tied to stock ownership, the plan encourages participants to act in the best interests of the company and its shareholders. This ensures that employees are motivated to make decisions and take actions that contribute to the organization's overall success, growth, and profitability. It's important to note that the details and specific provisions of the Kansas Long Term Performance and Restricted Stock Incentive Plan can vary based on individual agreements and terms between the company and the eligible participants. Therefore, it is essential for individuals to review their own plan documents for a complete understanding of their rights, restrictions, and potential benefits under this program. Overall, the Kansas Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a strategic and comprehensive program that aims to reward key employees, promote retention, and align the interests of participants with the long-term success of the company. Through various incentives, such as restricted stock awards and performance-based stock units, this plan encourages employees to contribute to the growth and prosperity of INALCOL Enterprises, Inc., ultimately benefiting both individuals and the organization as a whole.