Kansas 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 Kansas Long Term Incentive Compensation Plan offered by A.M. Castle and Co. is a comprehensive program designed to reward and retain top-performing employees by providing long-term incentives. This compensation plan is an essential part of the company's overall strategy to motivate and drive employee performance while aligning their interests with the company's objectives. Through the Kansas Long Term Incentive Compensation Plan, A.M. Castle and Co. aims to attract and retain talented individuals who contribute significantly to the company's growth and success. By offering competitive rewards and recognition, the company motivates employees to perform at their best and drive positive business outcomes. This compensation plan encompasses various elements, including equity-based awards, performance-based incentives, and retention bonuses. These incentives are tailored to recognize individual contributions, team efforts, and overall company performance. The plan is structured to provide both short-term and long-term incentives, ensuring that employees are engaged and focused on achieving defined organizational goals. One of the key aspects of the Kansas Long Term Incentive Compensation Plan is its flexibility. A.M. Castle and Co. understand that every employee's role and contribution differ, and thus the plan can be customized to meet individual and team-specific objectives. This flexibility allows the company to target specific areas that require improvement or additional efforts, thereby aligning employees' goals with the company's strategic priorities. In addition to the core Long Term Incentive Compensation Plan, A.M. Castle and Co. may also offer additional incentives targeting different employee groups or business units. For example, there may be specialized plans for senior executives, sales teams, or specific divisions within the company. These tailored plans help motivate employees in specific roles or areas of the business, fostering a collaborative and performance-driven culture throughout the organization. Overall, the Kansas Long Term Incentive Compensation Plan of A.M. Castle and Co. serves as a critical tool for attracting, retaining, and motivating top talent. By offering a range of incentives and aligning employee goals with company objectives, this plan ensures that employees are rewarded for their contributions and actively drive the company's success.

The Kansas Long Term Incentive Compensation Plan offered by A.M. Castle and Co. is a comprehensive program designed to reward and retain top-performing employees by providing long-term incentives. This compensation plan is an essential part of the company's overall strategy to motivate and drive employee performance while aligning their interests with the company's objectives. Through the Kansas Long Term Incentive Compensation Plan, A.M. Castle and Co. aims to attract and retain talented individuals who contribute significantly to the company's growth and success. By offering competitive rewards and recognition, the company motivates employees to perform at their best and drive positive business outcomes. This compensation plan encompasses various elements, including equity-based awards, performance-based incentives, and retention bonuses. These incentives are tailored to recognize individual contributions, team efforts, and overall company performance. The plan is structured to provide both short-term and long-term incentives, ensuring that employees are engaged and focused on achieving defined organizational goals. One of the key aspects of the Kansas Long Term Incentive Compensation Plan is its flexibility. A.M. Castle and Co. understand that every employee's role and contribution differ, and thus the plan can be customized to meet individual and team-specific objectives. This flexibility allows the company to target specific areas that require improvement or additional efforts, thereby aligning employees' goals with the company's strategic priorities. In addition to the core Long Term Incentive Compensation Plan, A.M. Castle and Co. may also offer additional incentives targeting different employee groups or business units. For example, there may be specialized plans for senior executives, sales teams, or specific divisions within the company. These tailored plans help motivate employees in specific roles or areas of the business, fostering a collaborative and performance-driven culture throughout the organization. Overall, the Kansas Long Term Incentive Compensation Plan of A.M. Castle and Co. serves as a critical tool for attracting, retaining, and motivating top talent. By offering a range of incentives and aligning employee goals with company objectives, this plan ensures that employees are rewarded for their contributions and actively drive the company's success.