New Hampshire 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 New Hampshire Long Term Incentive Compensation Plan of A.M. Castle and Co. is designed to offer long-term incentives and rewards to eligible employees of the company. This plan aims to motivate and retain talented individuals by rewarding their contributions over an extended period. Under this plan, there are several types of incentives and compensation options available to eligible employees. These include stock options, stock appreciation rights (SARS), restricted stock units (RSS), and performance-based cash bonuses. Stock options grant employees the right to purchase company stock at a predetermined price (the exercise price) within a specified period. This allows employees to benefit from any increase in the company's stock price over time. Stock appreciation rights (SARS), on the other hand, provide eligible employees with the right to receive cash or stock equal to the appreciation in the company's stock price. This incentive is linked to the company's performance and motivates employees to contribute to its growth and success. Restricted stock units (RSS) are a form of compensation that represents a promise to deliver company stock at a future date, usually after the completion of a specified vesting period. RSS typically have certain conditions, such as continued employment or achievement of predetermined performance goals. Additionally, the New Hampshire Long Term Incentive Compensation Plan may offer performance-based cash bonuses, which are directly tied to the attainment of specific performance targets or goals set by the company. These performance targets may include financial metrics such as revenue growth, earnings per share (EPS), or other predefined objectives. The design and allocation of these incentives may vary based on an employee's position, level, and performance. A.M. Castle and Co. may have separate plans for different categories of employees, such as executives, management, or other employee groups. Overall, the New Hampshire Long Term Incentive Compensation Plan of A.M. Castle and Co. serves as a comprehensive framework to align the employees' interests with the company's objectives, promote long-term commitment, reward outstanding performance, and drive sustainable growth and success.

The New Hampshire Long Term Incentive Compensation Plan of A.M. Castle and Co. is designed to offer long-term incentives and rewards to eligible employees of the company. This plan aims to motivate and retain talented individuals by rewarding their contributions over an extended period. Under this plan, there are several types of incentives and compensation options available to eligible employees. These include stock options, stock appreciation rights (SARS), restricted stock units (RSS), and performance-based cash bonuses. Stock options grant employees the right to purchase company stock at a predetermined price (the exercise price) within a specified period. This allows employees to benefit from any increase in the company's stock price over time. Stock appreciation rights (SARS), on the other hand, provide eligible employees with the right to receive cash or stock equal to the appreciation in the company's stock price. This incentive is linked to the company's performance and motivates employees to contribute to its growth and success. Restricted stock units (RSS) are a form of compensation that represents a promise to deliver company stock at a future date, usually after the completion of a specified vesting period. RSS typically have certain conditions, such as continued employment or achievement of predetermined performance goals. Additionally, the New Hampshire Long Term Incentive Compensation Plan may offer performance-based cash bonuses, which are directly tied to the attainment of specific performance targets or goals set by the company. These performance targets may include financial metrics such as revenue growth, earnings per share (EPS), or other predefined objectives. The design and allocation of these incentives may vary based on an employee's position, level, and performance. A.M. Castle and Co. may have separate plans for different categories of employees, such as executives, management, or other employee groups. Overall, the New Hampshire Long Term Incentive Compensation Plan of A.M. Castle and Co. serves as a comprehensive framework to align the employees' interests with the company's objectives, promote long-term commitment, reward outstanding performance, and drive sustainable growth and success.