Louisiana 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 Louisiana Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive employee compensation program designed to attract and retain top talent in the company's Louisiana operations. This plan is specifically tailored for employees working in Louisiana and aims to provide long-term incentives that align their interests with the company's performance and financial growth. One type of the Louisiana Long Term Incentive Compensation Plan is the Performance-Based Stock Options. These stock options are granted to eligible employees based on predetermined performance goals and targets. The employees receive the opportunity to acquire company stock at a future date and price, providing them the incentive to contribute to the company's success and increase shareholder value. Another type of Louisiana Long Term Incentive Compensation Plan offered by A.M. Castle and Co. is the Performance-Linked Bonuses. These bonuses are determined by the achievement of specific performance metrics set by the company. Employees who exceed their individual targets and contribute significantly towards company goals may receive additional bonuses on top of their regular compensation. The Louisiana Long Term Incentive Compensation Plan also includes a Retirement Savings Plan, allowing employees to save for their retirement through contributions from both the company and the employee. This plan is an essential long-term investment tool provided by A.M. Castle and Co. to ensure financial security for its Louisiana employees after their active work years. Moreover, A.M. Castle and Co. may also offer a Restricted Stock Unit (RSU) program as part of the Louisiana Long Term Incentive Compensation Plan. Under this program, eligible employees are awarded a specific number of stock units, which typically vest over a predetermined period. RSS offers a direct ownership stake in the company, representing a tangible interest in its success and aligning the employees' incentives with long-term company performance. Overall, the Louisiana Long Term Incentive Compensation Plan of A.M. Castle and Co. encompasses various incentives, including performance-based stock options, performance-linked bonuses, retirement savings plans, and potentially restricted stock units. These elements combined create a comprehensive and competitive compensation package designed to attract, retain, and motivate top talent in the company's Louisiana operations.

The Louisiana Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive employee compensation program designed to attract and retain top talent in the company's Louisiana operations. This plan is specifically tailored for employees working in Louisiana and aims to provide long-term incentives that align their interests with the company's performance and financial growth. One type of the Louisiana Long Term Incentive Compensation Plan is the Performance-Based Stock Options. These stock options are granted to eligible employees based on predetermined performance goals and targets. The employees receive the opportunity to acquire company stock at a future date and price, providing them the incentive to contribute to the company's success and increase shareholder value. Another type of Louisiana Long Term Incentive Compensation Plan offered by A.M. Castle and Co. is the Performance-Linked Bonuses. These bonuses are determined by the achievement of specific performance metrics set by the company. Employees who exceed their individual targets and contribute significantly towards company goals may receive additional bonuses on top of their regular compensation. The Louisiana Long Term Incentive Compensation Plan also includes a Retirement Savings Plan, allowing employees to save for their retirement through contributions from both the company and the employee. This plan is an essential long-term investment tool provided by A.M. Castle and Co. to ensure financial security for its Louisiana employees after their active work years. Moreover, A.M. Castle and Co. may also offer a Restricted Stock Unit (RSU) program as part of the Louisiana Long Term Incentive Compensation Plan. Under this program, eligible employees are awarded a specific number of stock units, which typically vest over a predetermined period. RSS offers a direct ownership stake in the company, representing a tangible interest in its success and aligning the employees' incentives with long-term company performance. Overall, the Louisiana Long Term Incentive Compensation Plan of A.M. Castle and Co. encompasses various incentives, including performance-based stock options, performance-linked bonuses, retirement savings plans, and potentially restricted stock units. These elements combined create a comprehensive and competitive compensation package designed to attract, retain, and motivate top talent in the company's Louisiana operations.