Missouri 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 Missouri Long Term Performance and Restricted Stock Incentive Plan is a comprehensive program designed by INALCOL Enterprises, Inc. to reward and motivate its employees by offering them long-term incentives in the form of restricted stock awards. This plan ensures that employees have an opportunity to participate in the company's future success while aligning their interests with the overall goals and objectives of the organization. Under this plan, eligible employees are granted restricted stock awards as an additional compensation method. These awards are subject to certain restrictions and vesting requirements, ensuring that employees remain committed to the growth and performance of INALCOL Enterprises over the long term. The Missouri Long Term Performance and Restricted Stock Incentive Plan offers different variations to cater to specific employee categories and positions. This includes an Executive Plan for the senior leadership team, a Management Plan for middle-level managers, and an Employee Plan for other eligible employees. The Executive Plan, tailored for top-level executives, emphasizes long-term performance goals and rewards. It aims to align executive interests with the long-term value created for shareholders, promoting sustained growth and profitability. Grants under this plan are typically larger and may have longer vesting periods. The Management Plan, designed for middle-level managers, aims to attract, retain, and motivate key talent. It offers restricted stock awards that align with divisional or departmental goals, encouraging managers to drive performance, achieve targets, and contribute to the overall success of the company. The Employee Plan is accessible to a broader range of employees, providing them with the opportunity to benefit directly from the company's growth and financial performance. This plan enables employees at various levels to share in the success by offering restricted stock awards that align with corporate-wide performance objectives. All variations of the Missouri Long Term Performance and Restricted Stock Incentive Plan operate within the parameters set forth by the state of Missouri and adhere to applicable laws and regulations. This ensures transparency, fairness, and compliance in all aspects of the plan's administration and execution. In conclusion, the Missouri Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive employee incentive program designed to reward, motivate, and retain talent. It offers various plans tailored to different employee categories, encouraging long-term commitment and alignment with the company's strategic objectives. This plan ensures that employees have a stake in the company's success, fostering a culture of performance and accountability.

The Missouri Long Term Performance and Restricted Stock Incentive Plan is a comprehensive program designed by INALCOL Enterprises, Inc. to reward and motivate its employees by offering them long-term incentives in the form of restricted stock awards. This plan ensures that employees have an opportunity to participate in the company's future success while aligning their interests with the overall goals and objectives of the organization. Under this plan, eligible employees are granted restricted stock awards as an additional compensation method. These awards are subject to certain restrictions and vesting requirements, ensuring that employees remain committed to the growth and performance of INALCOL Enterprises over the long term. The Missouri Long Term Performance and Restricted Stock Incentive Plan offers different variations to cater to specific employee categories and positions. This includes an Executive Plan for the senior leadership team, a Management Plan for middle-level managers, and an Employee Plan for other eligible employees. The Executive Plan, tailored for top-level executives, emphasizes long-term performance goals and rewards. It aims to align executive interests with the long-term value created for shareholders, promoting sustained growth and profitability. Grants under this plan are typically larger and may have longer vesting periods. The Management Plan, designed for middle-level managers, aims to attract, retain, and motivate key talent. It offers restricted stock awards that align with divisional or departmental goals, encouraging managers to drive performance, achieve targets, and contribute to the overall success of the company. The Employee Plan is accessible to a broader range of employees, providing them with the opportunity to benefit directly from the company's growth and financial performance. This plan enables employees at various levels to share in the success by offering restricted stock awards that align with corporate-wide performance objectives. All variations of the Missouri Long Term Performance and Restricted Stock Incentive Plan operate within the parameters set forth by the state of Missouri and adhere to applicable laws and regulations. This ensures transparency, fairness, and compliance in all aspects of the plan's administration and execution. In conclusion, the Missouri Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive employee incentive program designed to reward, motivate, and retain talent. It offers various plans tailored to different employee categories, encouraging long-term commitment and alignment with the company's strategic objectives. This plan ensures that employees have a stake in the company's success, fostering a culture of performance and accountability.