New Jersey 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 Jersey Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a compensation program designed to align the interests of key employees with the long-term success and growth of the company. This plan, prevalent within INALCOL Enterprises in New Jersey, offers various types of incentives to motivate and reward employees for their contributions towards achieving company goals and objectives. One type of New Jersey Long Term Performance and Restricted Stock Incentive Plan is the Performance Stock Unit (PSU) plan. Under this plan, eligible employees are awarded a certain number of PSU's based on predefined performance metrics. These metrics could include financial targets, market share growth, customer satisfaction, or other key performance indicators relevant to INALCOL Enterprises' business goals. Another variant of the plan is the Restricted Stock Unit (RSU) plan. RSS are granted to employees as an incentive and are subject to certain vesting conditions. Typically, RSS will vest over a period of time or upon the achievement of specific milestones. Once the RSS vest, employees will receive shares of INALCOL Enterprises' stock, providing them with a valuable ownership stake in the company. The New Jersey Long Term Performance and Restricted Stock Incentive Plan also includes a Stock Appreciation Rights (SARS) component. SARS provide employees with the opportunity to benefit from the increase in the company's stock price over a certain period. Upon exercise, employees can receive cash or stock equivalent to the appreciation in value. To ensure the plan's effectiveness and fairness, it may include provisions such as clawback provisions, forfeiture clauses, and non-compete agreements. These elements aim to maintain the performance-driven nature of the incentives and safeguard the company's interests. Overall, the New Jersey Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program that plays a vital role in attracting, motivating, and retaining top talent within the organization. By focusing on long-term performance and providing employees with a sense of ownership, the plan fosters a culture of excellence, collaboration, and commitment to achieve sustained success for INALCOL Enterprises in New Jersey.

The New Jersey Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a compensation program designed to align the interests of key employees with the long-term success and growth of the company. This plan, prevalent within INALCOL Enterprises in New Jersey, offers various types of incentives to motivate and reward employees for their contributions towards achieving company goals and objectives. One type of New Jersey Long Term Performance and Restricted Stock Incentive Plan is the Performance Stock Unit (PSU) plan. Under this plan, eligible employees are awarded a certain number of PSU's based on predefined performance metrics. These metrics could include financial targets, market share growth, customer satisfaction, or other key performance indicators relevant to INALCOL Enterprises' business goals. Another variant of the plan is the Restricted Stock Unit (RSU) plan. RSS are granted to employees as an incentive and are subject to certain vesting conditions. Typically, RSS will vest over a period of time or upon the achievement of specific milestones. Once the RSS vest, employees will receive shares of INALCOL Enterprises' stock, providing them with a valuable ownership stake in the company. The New Jersey Long Term Performance and Restricted Stock Incentive Plan also includes a Stock Appreciation Rights (SARS) component. SARS provide employees with the opportunity to benefit from the increase in the company's stock price over a certain period. Upon exercise, employees can receive cash or stock equivalent to the appreciation in value. To ensure the plan's effectiveness and fairness, it may include provisions such as clawback provisions, forfeiture clauses, and non-compete agreements. These elements aim to maintain the performance-driven nature of the incentives and safeguard the company's interests. Overall, the New Jersey Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program that plays a vital role in attracting, motivating, and retaining top talent within the organization. By focusing on long-term performance and providing employees with a sense of ownership, the plan fosters a culture of excellence, collaboration, and commitment to achieve sustained success for INALCOL Enterprises in New Jersey.