New Mexico 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 Mexico Long-Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive employee incentive program designed to attract, retain, and motivate top talent within the organization. It is tailored specifically for employees based in New Mexico and offers various benefits that include long-term performance incentives and restricted stock grants. INALCOL Enterprises, Inc., a prominent company operating in New Mexico, aims to reward its employees' commitment and contribution through this plan. Under the New Mexico Long-Term Performance and Restricted Stock Incentive Plan, employees have the opportunity to receive performance-based bonuses and restricted stock awards. These incentives serve as a means to align employees' interests with those of the company, creating a sense of ownership and increased dedication towards achieving long-term corporate objectives. The plan consists of different types of awards and grants, allowing employees to choose from various options that best suit their preferences. These options may include performance-based cash bonuses, restricted stock units, performance stock awards, stock options, or a combination of these incentives. By offering alternatives, the plan accommodates different employee needs and preferences, further enhancing its effectiveness. The performance-based cash bonuses are determined by the achievement of specific performance goals and targets set by INALCOL Enterprises, Inc. These goals could be related to financial growth, market share expansion, customer satisfaction, or other key metrics that align with the long-term success of the company. Eligible employees who meet these objectives are rewarded with cash incentives, providing them with motivation to excel in their roles. The restricted stock units (RSS) and performance stock awards (SAS) offer employees the opportunity to earn shares of INALCOL Enterprises, Inc.'s common stock. RSS are granted to employees, typically subject to a vesting period, during which the shares remain restricted. Once the vesting requirements are met, employees gain ownership of the stock, thereby linking their personal financial success with that of the company. Similarly, SAS are awarded based on performance criteria set by INALCOL Enterprises, Inc. The number of shares an employee receives depends on their individual performance and the overall attainment of company-specific goals. These awards ensure that exceptional performance is recognized and rewarded accordingly, fostering a culture of achievement within the organization. Stock options may also be part of the New Mexico Long-Term Performance and Restricted Stock Incentive Plan. These options allow employees to purchase shares of INALCOL Enterprises, Inc.'s stock at a predetermined price, providing them with the potential for future financial gains. By granting stock options, the company encourages employees to align their long-term interests with the company's growth and success. Overall, the New Mexico Long-Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. emphasizes the importance of employee performance, commitment, and dedication. By offering a comprehensive range of incentives, the plan ensures that employees have the opportunity to reap the rewards of their hard work, while simultaneously fostering a culture of achievement and ownership within the organization.

The New Mexico Long-Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive employee incentive program designed to attract, retain, and motivate top talent within the organization. It is tailored specifically for employees based in New Mexico and offers various benefits that include long-term performance incentives and restricted stock grants. INALCOL Enterprises, Inc., a prominent company operating in New Mexico, aims to reward its employees' commitment and contribution through this plan. Under the New Mexico Long-Term Performance and Restricted Stock Incentive Plan, employees have the opportunity to receive performance-based bonuses and restricted stock awards. These incentives serve as a means to align employees' interests with those of the company, creating a sense of ownership and increased dedication towards achieving long-term corporate objectives. The plan consists of different types of awards and grants, allowing employees to choose from various options that best suit their preferences. These options may include performance-based cash bonuses, restricted stock units, performance stock awards, stock options, or a combination of these incentives. By offering alternatives, the plan accommodates different employee needs and preferences, further enhancing its effectiveness. The performance-based cash bonuses are determined by the achievement of specific performance goals and targets set by INALCOL Enterprises, Inc. These goals could be related to financial growth, market share expansion, customer satisfaction, or other key metrics that align with the long-term success of the company. Eligible employees who meet these objectives are rewarded with cash incentives, providing them with motivation to excel in their roles. The restricted stock units (RSS) and performance stock awards (SAS) offer employees the opportunity to earn shares of INALCOL Enterprises, Inc.'s common stock. RSS are granted to employees, typically subject to a vesting period, during which the shares remain restricted. Once the vesting requirements are met, employees gain ownership of the stock, thereby linking their personal financial success with that of the company. Similarly, SAS are awarded based on performance criteria set by INALCOL Enterprises, Inc. The number of shares an employee receives depends on their individual performance and the overall attainment of company-specific goals. These awards ensure that exceptional performance is recognized and rewarded accordingly, fostering a culture of achievement within the organization. Stock options may also be part of the New Mexico Long-Term Performance and Restricted Stock Incentive Plan. These options allow employees to purchase shares of INALCOL Enterprises, Inc.'s stock at a predetermined price, providing them with the potential for future financial gains. By granting stock options, the company encourages employees to align their long-term interests with the company's growth and success. Overall, the New Mexico Long-Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. emphasizes the importance of employee performance, commitment, and dedication. By offering a comprehensive range of incentives, the plan ensures that employees have the opportunity to reap the rewards of their hard work, while simultaneously fostering a culture of achievement and ownership within the organization.