Nevada 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 Nevada Long-Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive and strategic compensation program designed to reward and motivate top-performing employees. This plan consists of various types of incentives, each with its own set of terms and conditions. One of the primary objectives of the Nevada Long-Term Performance and Restricted Stock Incentive Plan is to align the interests of employees with the long-term success and growth of INALCOL Enterprises, Inc. This is achieved by offering restricted stock grants that vest over a specific period contingent upon the achievement of certain performance goals or targets. Under this plan, employees may receive restricted stock units (RSS) or performance stock units (Plus) as part of their overall compensation package. RSS grants the employee a right to receive actual shares of INALCOL Enterprises, Inc. stock at a future date, while Plus are granted based on the achievement of predetermined performance metrics. The Nevada Long-Term Performance and Restricted Stock Incentive Plan also provides for a variety of performance periods, such as annual, multi-year, or cumulative, depending on the specific objectives of the company. Additionally, the plan allows for flexibility in establishing performance goals, which may include financial targets, strategic initiatives, or other key performance indicators relevant to INALCOL Enterprises, Inc. Participation in the plan typically requires employees to meet certain eligibility criteria, such as job position, performance track record, and length of service. Upon meeting these criteria, eligible employees are awarded a specified number of RSS or Plus based on their individual contribution to the company's success. It is important to note that the Nevada Long-Term Performance and Restricted Stock Incentive Plan may have different variations or sub-plans within INALCOL Enterprises, Inc. These variations could be designed for different employee groups or divisions within the company. Examples of such variations could include the Senior Executive Restricted Stock Program, the Sales Performance Stock Option Plan, or the Employee Share Ownership Plan. In summary, the Nevada Long-Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program that aims to incentivize top-performing employees by offering restricted stock grants tied to the achievement of specific performance metrics. With different types and variations under this plan, INALCOL Enterprises, Inc. can effectively align employee interests with the long-term success of the company.

The Nevada Long-Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive and strategic compensation program designed to reward and motivate top-performing employees. This plan consists of various types of incentives, each with its own set of terms and conditions. One of the primary objectives of the Nevada Long-Term Performance and Restricted Stock Incentive Plan is to align the interests of employees with the long-term success and growth of INALCOL Enterprises, Inc. This is achieved by offering restricted stock grants that vest over a specific period contingent upon the achievement of certain performance goals or targets. Under this plan, employees may receive restricted stock units (RSS) or performance stock units (Plus) as part of their overall compensation package. RSS grants the employee a right to receive actual shares of INALCOL Enterprises, Inc. stock at a future date, while Plus are granted based on the achievement of predetermined performance metrics. The Nevada Long-Term Performance and Restricted Stock Incentive Plan also provides for a variety of performance periods, such as annual, multi-year, or cumulative, depending on the specific objectives of the company. Additionally, the plan allows for flexibility in establishing performance goals, which may include financial targets, strategic initiatives, or other key performance indicators relevant to INALCOL Enterprises, Inc. Participation in the plan typically requires employees to meet certain eligibility criteria, such as job position, performance track record, and length of service. Upon meeting these criteria, eligible employees are awarded a specified number of RSS or Plus based on their individual contribution to the company's success. It is important to note that the Nevada Long-Term Performance and Restricted Stock Incentive Plan may have different variations or sub-plans within INALCOL Enterprises, Inc. These variations could be designed for different employee groups or divisions within the company. Examples of such variations could include the Senior Executive Restricted Stock Program, the Sales Performance Stock Option Plan, or the Employee Share Ownership Plan. In summary, the Nevada Long-Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program that aims to incentivize top-performing employees by offering restricted stock grants tied to the achievement of specific performance metrics. With different types and variations under this plan, INALCOL Enterprises, Inc. can effectively align employee interests with the long-term success of the company.