New Hampshire 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 New Hampshire Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. (INALCOL) is a comprehensive reward system designed to attract, motivate, and retain talented employees by providing them with long-term incentives tied to the company's overall performance. Under this plan, eligible employees are granted restricted stock units (RSS) as a form of compensation. RSS is similar to stock options, but rather than granting the right to purchase shares at a specific price, RSS represent the right to receive shares after a predetermined vesting period. This allows employees to share in the company's success and align their interests with those of the shareholders. The New Hampshire Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. features different types of awards to cater to various employee needs: 1. Performance-Based RSS: This RSS is granted based on predetermined performance goals and targets set by the company. Employees must meet or exceed these goals to receive the shares. This type of RSU incentivizes exceptional performance and drives employees to contribute significantly to the company's growth. 2. Time-Vested RSS: This RSS is granted to employees based on their tenure with the company. These awards typically vest over a period of time, often in equal installments over several years. Time-vested RSS promote loyalty and encourage employees to remain with the company in the long run, as they would forfeit invested shares if they leave before the vesting period is complete. 3. Dividend Equivalent Rights: In addition to RSS, eligible employees may receive dividend equivalent rights. These rights entitle employees to receive cash or additional RSS equal to the dividends paid on the underlying shares during the vesting period. Dividend equivalent rights allow employees to experience the benefits of owning stock, even before the RSS fully vest. The New Hampshire Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. aims to create a sense of ownership among employees, fostering a more motivated and engaged workforce. It encourages employees to think like shareholders, aligning their efforts with the long-term success and growth of the company. By offering different types of RSS and additional benefits like dividend equivalent rights, INALCOL ensures the plan caters to the diverse needs of its employees.

The New Hampshire Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. (INALCOL) is a comprehensive reward system designed to attract, motivate, and retain talented employees by providing them with long-term incentives tied to the company's overall performance. Under this plan, eligible employees are granted restricted stock units (RSS) as a form of compensation. RSS is similar to stock options, but rather than granting the right to purchase shares at a specific price, RSS represent the right to receive shares after a predetermined vesting period. This allows employees to share in the company's success and align their interests with those of the shareholders. The New Hampshire Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. features different types of awards to cater to various employee needs: 1. Performance-Based RSS: This RSS is granted based on predetermined performance goals and targets set by the company. Employees must meet or exceed these goals to receive the shares. This type of RSU incentivizes exceptional performance and drives employees to contribute significantly to the company's growth. 2. Time-Vested RSS: This RSS is granted to employees based on their tenure with the company. These awards typically vest over a period of time, often in equal installments over several years. Time-vested RSS promote loyalty and encourage employees to remain with the company in the long run, as they would forfeit invested shares if they leave before the vesting period is complete. 3. Dividend Equivalent Rights: In addition to RSS, eligible employees may receive dividend equivalent rights. These rights entitle employees to receive cash or additional RSS equal to the dividends paid on the underlying shares during the vesting period. Dividend equivalent rights allow employees to experience the benefits of owning stock, even before the RSS fully vest. The New Hampshire Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. aims to create a sense of ownership among employees, fostering a more motivated and engaged workforce. It encourages employees to think like shareholders, aligning their efforts with the long-term success and growth of the company. By offering different types of RSS and additional benefits like dividend equivalent rights, INALCOL ensures the plan caters to the diverse needs of its employees.