Kentucky 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 Kentucky Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. (hereafter referred to as the "Plan") is a comprehensive compensation program designed to motivate and reward key employees of INALCOL Enterprises, Inc., a leading energy company in Kentucky. The Plan offers a variety of types and features tailored to meet the specific needs and objectives of the company and its employees. One type of the Kentucky Long Term Performance and Restricted Stock Incentive Plan is the Performance Stock Unit (PSU) Award. Under this category, eligible employees are granted a specific number of PSU shares, with the final value of the shares depending on the achievement of predetermined performance goals. These goals are typically established by the company's Compensation Committee and are aligned with long-term strategic objectives such as increasing shareholder value, improving operational efficiency, or achieving specific financial targets. The Restricted Stock Unit (RSU) Award is another type of incentive plan provided by the Kentucky Long Term Performance and Restricted Stock Incentive Plan. This award entails the grant of restricted stock units to eligible employees, which represent the right to receive actual shares of INALCOL Enterprises, Inc. common stock at the end of a specified vesting period. The RSU Award is structured to encourage employee retention and align the interests of key employees with those of the shareholders. Members of INALCOL Enterprises, Inc.'s executive team may have access to an Executive Performance-Based Plan. This plan provides additional long-term incentives based on the achievement of predefined performance targets, such as earnings per share (EPS) growth, revenue growth, or operational efficiency improvements. The Executive Performance-Based Plan aims to attract and retain top-tier executives by offering substantial rewards for superior performance and value creation. The Performance Stock Option Plan is yet another facet of the Kentucky Long Term Performance and Restricted Stock Incentive Plan. This variation grants selected employees the right to purchase shares of INALCOL Enterprises, Inc. at a predetermined price, known as the exercise price, within a specified period. This option becomes valuable if the stock price rises above the exercise price, enabling participants to purchase shares at a discount and potentially benefit from future share price appreciation. Overall, the Kentucky Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. provides a wide range of incentives to motivate and retain key employees, aligning their interests with those of the company and shareholders. By combining performance-based awards, restricted stock units, executive incentives, and stock options, the Plan offers a comprehensive framework to drive long-term growth, profitability, and shareholder value while attracting and retaining top talent within the organization.

The Kentucky Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. (hereafter referred to as the "Plan") is a comprehensive compensation program designed to motivate and reward key employees of INALCOL Enterprises, Inc., a leading energy company in Kentucky. The Plan offers a variety of types and features tailored to meet the specific needs and objectives of the company and its employees. One type of the Kentucky Long Term Performance and Restricted Stock Incentive Plan is the Performance Stock Unit (PSU) Award. Under this category, eligible employees are granted a specific number of PSU shares, with the final value of the shares depending on the achievement of predetermined performance goals. These goals are typically established by the company's Compensation Committee and are aligned with long-term strategic objectives such as increasing shareholder value, improving operational efficiency, or achieving specific financial targets. The Restricted Stock Unit (RSU) Award is another type of incentive plan provided by the Kentucky Long Term Performance and Restricted Stock Incentive Plan. This award entails the grant of restricted stock units to eligible employees, which represent the right to receive actual shares of INALCOL Enterprises, Inc. common stock at the end of a specified vesting period. The RSU Award is structured to encourage employee retention and align the interests of key employees with those of the shareholders. Members of INALCOL Enterprises, Inc.'s executive team may have access to an Executive Performance-Based Plan. This plan provides additional long-term incentives based on the achievement of predefined performance targets, such as earnings per share (EPS) growth, revenue growth, or operational efficiency improvements. The Executive Performance-Based Plan aims to attract and retain top-tier executives by offering substantial rewards for superior performance and value creation. The Performance Stock Option Plan is yet another facet of the Kentucky Long Term Performance and Restricted Stock Incentive Plan. This variation grants selected employees the right to purchase shares of INALCOL Enterprises, Inc. at a predetermined price, known as the exercise price, within a specified period. This option becomes valuable if the stock price rises above the exercise price, enabling participants to purchase shares at a discount and potentially benefit from future share price appreciation. Overall, the Kentucky Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. provides a wide range of incentives to motivate and retain key employees, aligning their interests with those of the company and shareholders. By combining performance-based awards, restricted stock units, executive incentives, and stock options, the Plan offers a comprehensive framework to drive long-term growth, profitability, and shareholder value while attracting and retaining top talent within the organization.