Nebraska 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 Nebraska Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive program designed to reward and incentivize employees in the state of Nebraska for their long-term contributions to the company's success. This plan aims to attract and retain top talent by offering competitive incentives tied to the achievement of specific performance goals. Under the Nebraska Long Term Incentive Compensation Plan, eligible employees may participate in various types of long-term incentive programs. These programs are designed to align the interests of employees with those of the company's shareholders, fostering a sense of ownership and commitment among participants. One type of Nebraska Long Term Incentive Compensation Plan offered by A.M. Castle and Co. is the Performance Stock Unit (PSU) program. This program provides eligible employees with a grant of phantom shares, whose value is tied to the company's performance over a specified performance period. Employees may earn a certain number of shares based on meeting predetermined performance targets and goals. The PSU program encourages employees to work towards the company's long-term growth objectives and aligns their rewards with the overall success of A.M. Castle and Co. Another component of the Nebraska Long Term Incentive Compensation Plan is the Restricted Stock Unit (RSU) program. This program awards eligible employees with a set number of RSS that vest over a specific period, subject to the attainment of certain performance milestones or the passage of time. RSS provide participants with a direct stake in the company's success and value appreciation. Additionally, the Nebraska Long Term Incentive Compensation Plan may include a Cash Bonus plan. This plan allows eligible employees to receive annual cash bonuses based on the achievement of predefined financial, operational, or individual performance targets. Such targets may be determined by company-wide goals or individual performance evaluations. The Cash Bonus plan serves to motivate and reward employees for meeting or exceeding expectations, and for contributing to the overall success of A.M. Castle and Co. Overall, the Nebraska Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive and multi-faceted program that provides employees in Nebraska with various opportunities to earn additional financial rewards based on their long-term performance and contributions to the company's growth. Through its different components like Performance Stock Units, Restricted Stock Units, and Cash Bonuses, this plan ensures that employees are motivated, engaged, and connected to the success of A.M. Castle and Co.

The Nebraska Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive program designed to reward and incentivize employees in the state of Nebraska for their long-term contributions to the company's success. This plan aims to attract and retain top talent by offering competitive incentives tied to the achievement of specific performance goals. Under the Nebraska Long Term Incentive Compensation Plan, eligible employees may participate in various types of long-term incentive programs. These programs are designed to align the interests of employees with those of the company's shareholders, fostering a sense of ownership and commitment among participants. One type of Nebraska Long Term Incentive Compensation Plan offered by A.M. Castle and Co. is the Performance Stock Unit (PSU) program. This program provides eligible employees with a grant of phantom shares, whose value is tied to the company's performance over a specified performance period. Employees may earn a certain number of shares based on meeting predetermined performance targets and goals. The PSU program encourages employees to work towards the company's long-term growth objectives and aligns their rewards with the overall success of A.M. Castle and Co. Another component of the Nebraska Long Term Incentive Compensation Plan is the Restricted Stock Unit (RSU) program. This program awards eligible employees with a set number of RSS that vest over a specific period, subject to the attainment of certain performance milestones or the passage of time. RSS provide participants with a direct stake in the company's success and value appreciation. Additionally, the Nebraska Long Term Incentive Compensation Plan may include a Cash Bonus plan. This plan allows eligible employees to receive annual cash bonuses based on the achievement of predefined financial, operational, or individual performance targets. Such targets may be determined by company-wide goals or individual performance evaluations. The Cash Bonus plan serves to motivate and reward employees for meeting or exceeding expectations, and for contributing to the overall success of A.M. Castle and Co. Overall, the Nebraska Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive and multi-faceted program that provides employees in Nebraska with various opportunities to earn additional financial rewards based on their long-term performance and contributions to the company's growth. Through its different components like Performance Stock Units, Restricted Stock Units, and Cash Bonuses, this plan ensures that employees are motivated, engaged, and connected to the success of A.M. Castle and Co.