Mississippi 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 Mississippi Long Term Incentive Compensation Plan is a program implemented by A.M. Castle and Co. to provide employees with additional financial incentives and rewards based on their long-term performance and dedication to the company. This plan aims to attract and retain top talent while driving productivity, growth, and shareholder value. Under this plan, employees are eligible to receive compensation in the form of stock options or restricted stock units (RSS). These incentives are granted based on predetermined performance goals and vest over a specific period of time, encouraging employees to remain committed to the company and its objectives. The Mississippi Long Term Incentive Compensation Plan of A.M. Castle and Co. offers various types of awards to employees, including performance-based stock options, time-based stock options, and performance-based RSS. Performance-based stock options are awarded to employees based on achieving certain financial metrics or performance targets set by the company. Time-based stock options are granted over a predetermined period, encouraging long-term commitment to the company. Performance-based RSS are awarded based on the achievement of specific performance goals and vest over time. The plan also ensures that the interests of employees align with those of shareholders, as the value of the stock options or RSS is directly tied to the company's stock performance. This creates a sense of ownership and motivates employees to work towards the company's success. Employees participating in the Mississippi Long Term Incentive Compensation Plan are provided with detailed guidelines and criteria for eligibility, award calculation, vesting schedules, and performance targets. The plan is designed to be transparent, fair, and competitive, ensuring that employees feel valued and recognized for their contributions. Overall, the Mississippi Long Term Incentive Compensation Plan of A.M. Castle and Co. aims to foster a high-performance culture, reward excellence, and drive long-term growth for the benefit of both employees and shareholders.

The Mississippi Long Term Incentive Compensation Plan is a program implemented by A.M. Castle and Co. to provide employees with additional financial incentives and rewards based on their long-term performance and dedication to the company. This plan aims to attract and retain top talent while driving productivity, growth, and shareholder value. Under this plan, employees are eligible to receive compensation in the form of stock options or restricted stock units (RSS). These incentives are granted based on predetermined performance goals and vest over a specific period of time, encouraging employees to remain committed to the company and its objectives. The Mississippi Long Term Incentive Compensation Plan of A.M. Castle and Co. offers various types of awards to employees, including performance-based stock options, time-based stock options, and performance-based RSS. Performance-based stock options are awarded to employees based on achieving certain financial metrics or performance targets set by the company. Time-based stock options are granted over a predetermined period, encouraging long-term commitment to the company. Performance-based RSS are awarded based on the achievement of specific performance goals and vest over time. The plan also ensures that the interests of employees align with those of shareholders, as the value of the stock options or RSS is directly tied to the company's stock performance. This creates a sense of ownership and motivates employees to work towards the company's success. Employees participating in the Mississippi Long Term Incentive Compensation Plan are provided with detailed guidelines and criteria for eligibility, award calculation, vesting schedules, and performance targets. The plan is designed to be transparent, fair, and competitive, ensuring that employees feel valued and recognized for their contributions. Overall, the Mississippi Long Term Incentive Compensation Plan of A.M. Castle and Co. aims to foster a high-performance culture, reward excellence, and drive long-term growth for the benefit of both employees and shareholders.