Maryland 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 Maryland Long Term Performance and Restricted Stock Incentive Plan (the "Plan") of INALCOL Enterprises, Inc. is a comprehensive compensation program designed to reward and incentivize employees of the company based on their long-term performance and contributions. This plan is specifically tailored to meet the specific needs and requirements of INALCOL Enterprises, Inc., a Maryland-based company operating in the energy sector. Under the Plan, eligible employees are granted various forms of remuneration in the form of restricted stock units (RSS) and performance units (Pus). These units represent a certain number of shares of INALCOL Enterprises, Inc. stock that are granted to employees subject to certain vesting conditions and performance targets. The Maryland Long Term Performance and Restricted Stock Incentive Plan comprises different types of equity awards, including: 1. Restricted Stock Units (RSS): RSS are awarded to employees as a form of compensation and incentive. They are restricted in the sense that they cannot be sold or transferred until specific vesting requirements are met, such as the completion of a certain period of service or the achievement of predetermined performance goals. 2. Performance Units (Pus): Pus are granted to employees based on the achievement of specified performance targets or goals. These units are tied directly to the company's financial performance, operational benchmarks, or individual/team accomplishments. Pus serve as a tool to align employee incentives with the overall growth and success of the company. 3. Performance-Based Restricted Stock Units (Versus): Versus combine elements of both RSS and Pus. They are granted to employees subject to certain vesting conditions and performance criteria. These units serve as a hybrid compensation structure, providing employees the opportunity to benefit from stock appreciation while also incentivizing them to achieve key objectives. The Maryland Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is meticulously designed to attract, retain, and motivate talented individuals in a competitive industry. By linking compensation to performance, the company aims to align employee interests with long-term shareholder value creation. The Plan helps foster a culture of accountability, collaboration, and commitment among employees, driving the continued success and growth of INALCOL Enterprises, Inc.

The Maryland Long Term Performance and Restricted Stock Incentive Plan (the "Plan") of INALCOL Enterprises, Inc. is a comprehensive compensation program designed to reward and incentivize employees of the company based on their long-term performance and contributions. This plan is specifically tailored to meet the specific needs and requirements of INALCOL Enterprises, Inc., a Maryland-based company operating in the energy sector. Under the Plan, eligible employees are granted various forms of remuneration in the form of restricted stock units (RSS) and performance units (Pus). These units represent a certain number of shares of INALCOL Enterprises, Inc. stock that are granted to employees subject to certain vesting conditions and performance targets. The Maryland Long Term Performance and Restricted Stock Incentive Plan comprises different types of equity awards, including: 1. Restricted Stock Units (RSS): RSS are awarded to employees as a form of compensation and incentive. They are restricted in the sense that they cannot be sold or transferred until specific vesting requirements are met, such as the completion of a certain period of service or the achievement of predetermined performance goals. 2. Performance Units (Pus): Pus are granted to employees based on the achievement of specified performance targets or goals. These units are tied directly to the company's financial performance, operational benchmarks, or individual/team accomplishments. Pus serve as a tool to align employee incentives with the overall growth and success of the company. 3. Performance-Based Restricted Stock Units (Versus): Versus combine elements of both RSS and Pus. They are granted to employees subject to certain vesting conditions and performance criteria. These units serve as a hybrid compensation structure, providing employees the opportunity to benefit from stock appreciation while also incentivizing them to achieve key objectives. The Maryland Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is meticulously designed to attract, retain, and motivate talented individuals in a competitive industry. By linking compensation to performance, the company aims to align employee interests with long-term shareholder value creation. The Plan helps foster a culture of accountability, collaboration, and commitment among employees, driving the continued success and growth of INALCOL Enterprises, Inc.