Maine 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 Maine Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is an executive compensation program designed to encourage long-term performance and provide key individuals with incentives in the form of restricted stock. This plan offers employees of INALCOL Enterprises, Inc., a utility holding company based in Maine, the opportunity to receive restricted stock grants as a reward for achieving specific performance goals. The plan also serves to attract and retain talented executives by linking their compensation to the long-term success of the company. There are several types of Maine Long Term Performance and Restricted Stock Incentive Plans offered by INALCOL Enterprises, Inc., each tailored to different roles and levels of responsibility within the organization. Some notable variations include: 1. Leadership Performance Stock Plan: This plan targets senior executives and key leaders within the company. It offers equity-based compensation tied to the achievement of strategic goals, such as revenue growth, cost management, and successful M&A transactions. 2. Employee Performance Stock Plan: Geared toward mid-level managers and high-performing employees, this plan provides restricted stock grants based on individual and team performance metrics. The goals can include areas such as operational efficiency, customer satisfaction, and innovation. 3. Shareholder Value Stock Plan: This plan aligns executive compensation with the company's long-term shareholder value creation. It typically encompasses a combination of financial and operational performance targets, such as earnings per share (EPS), return on invested capital (ROC), and stock price appreciation. 4. Retention Stock Plan: This plan focuses on retaining key talent by offering restricted stock grants based on continuous employment and tenure milestones. It aims to provide incentives for employees to remain with INALCOL Enterprises, Inc. over the long term and contribute to its sustained growth. Under the Maine Long Term Performance and Restricted Stock Incentive Plan, participants will be granted a specific number of restricted stock units (RSS) or restricted stock awards (SAS) that vest over a predetermined period. The exact terms, conditions, and performance metrics associated with each plan may vary based on individual circumstances and organizational objectives. Overall, the Maine Long Term Performance and Restricted Stock Incentive Plan serves as a valuable tool for INALCOL Enterprises, Inc. to align the interests of its employees with the company's strategic goals, foster long-term performance, and ultimately drive shareholder value.

The Maine Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is an executive compensation program designed to encourage long-term performance and provide key individuals with incentives in the form of restricted stock. This plan offers employees of INALCOL Enterprises, Inc., a utility holding company based in Maine, the opportunity to receive restricted stock grants as a reward for achieving specific performance goals. The plan also serves to attract and retain talented executives by linking their compensation to the long-term success of the company. There are several types of Maine Long Term Performance and Restricted Stock Incentive Plans offered by INALCOL Enterprises, Inc., each tailored to different roles and levels of responsibility within the organization. Some notable variations include: 1. Leadership Performance Stock Plan: This plan targets senior executives and key leaders within the company. It offers equity-based compensation tied to the achievement of strategic goals, such as revenue growth, cost management, and successful M&A transactions. 2. Employee Performance Stock Plan: Geared toward mid-level managers and high-performing employees, this plan provides restricted stock grants based on individual and team performance metrics. The goals can include areas such as operational efficiency, customer satisfaction, and innovation. 3. Shareholder Value Stock Plan: This plan aligns executive compensation with the company's long-term shareholder value creation. It typically encompasses a combination of financial and operational performance targets, such as earnings per share (EPS), return on invested capital (ROC), and stock price appreciation. 4. Retention Stock Plan: This plan focuses on retaining key talent by offering restricted stock grants based on continuous employment and tenure milestones. It aims to provide incentives for employees to remain with INALCOL Enterprises, Inc. over the long term and contribute to its sustained growth. Under the Maine Long Term Performance and Restricted Stock Incentive Plan, participants will be granted a specific number of restricted stock units (RSS) or restricted stock awards (SAS) that vest over a predetermined period. The exact terms, conditions, and performance metrics associated with each plan may vary based on individual circumstances and organizational objectives. Overall, the Maine Long Term Performance and Restricted Stock Incentive Plan serves as a valuable tool for INALCOL Enterprises, Inc. to align the interests of its employees with the company's strategic goals, foster long-term performance, and ultimately drive shareholder value.