Ohio 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 Ohio Long Term Performance and Restricted Stock Incentive Plan is a comprehensive compensation plan offered by INALCOL Enterprises, Inc., a leading company in the energy industry. This plan aims to incentivize and reward key employees for their long-term performance and commitment towards the company's growth and success. Under this plan, eligible employees are granted restricted stock units (RSS) that vest over a specific period of time. RSS is a form of equity compensation, representing a certain number of shares of the company's stock that will be awarded to the employee if certain performance goals are met or specific conditions are satisfied. The Ohio Long Term Performance and Restricted Stock Incentive Plan is designed to align the interests of employees with those of the company's shareholders, encouraging them to contribute to the overall value creation and sustained growth of INALCOL Enterprises, Inc. This aspect is especially crucial for the long-term success of the company, as it promotes employee retention, motivation, and productivity. There are different types of Ohio Long Term Performance and Restricted Stock Incentive Plans that INALCOL Enterprises, Inc. may offer to its employees. These may include: 1. Performance-Based RSS: This RSS is granted based on the achievement of specific performance goals, such as revenue targets, profitability metrics, or market share growth. Meeting or exceeding these goals allows employees to earn additional shares over time. 2. Time-Based RSS: These RSS vest over a predetermined period, typically several years, regardless of any performance milestones. This type of plan aims to retain talented employees by providing a long-term incentive to stay with the company and participate in its growth. 3. Restricted Stock Options: In addition to RSS, INALCOL Enterprises, Inc. may also offer restricted stock options as part of its long-term incentive plan. Restricted stock options give employees the opportunity to purchase company stock at a discounted price after a certain vesting period, usually at the current market price at the time of grant. 4. Performance Share Units (Plus): Plus are another type of long-term incentive that may be included in the Ohio Long Term Performance and Restricted Stock Incentive Plan. These units are granted based on the achievement of pre-established performance goals and are typically settled in company stock after a specific vesting period. All these types of incentive plans aim to align the employees' interests with long-term company performance, motivating them to contribute towards the growth and success of INALCOL Enterprises, Inc. The Ohio Long Term Performance and Restricted Stock Incentive Plan plays a crucial role in attracting, retaining, and rewarding talented individuals, ensuring the sustained success and competitiveness of the company in the energy industry.

The Ohio Long Term Performance and Restricted Stock Incentive Plan is a comprehensive compensation plan offered by INALCOL Enterprises, Inc., a leading company in the energy industry. This plan aims to incentivize and reward key employees for their long-term performance and commitment towards the company's growth and success. Under this plan, eligible employees are granted restricted stock units (RSS) that vest over a specific period of time. RSS is a form of equity compensation, representing a certain number of shares of the company's stock that will be awarded to the employee if certain performance goals are met or specific conditions are satisfied. The Ohio Long Term Performance and Restricted Stock Incentive Plan is designed to align the interests of employees with those of the company's shareholders, encouraging them to contribute to the overall value creation and sustained growth of INALCOL Enterprises, Inc. This aspect is especially crucial for the long-term success of the company, as it promotes employee retention, motivation, and productivity. There are different types of Ohio Long Term Performance and Restricted Stock Incentive Plans that INALCOL Enterprises, Inc. may offer to its employees. These may include: 1. Performance-Based RSS: This RSS is granted based on the achievement of specific performance goals, such as revenue targets, profitability metrics, or market share growth. Meeting or exceeding these goals allows employees to earn additional shares over time. 2. Time-Based RSS: These RSS vest over a predetermined period, typically several years, regardless of any performance milestones. This type of plan aims to retain talented employees by providing a long-term incentive to stay with the company and participate in its growth. 3. Restricted Stock Options: In addition to RSS, INALCOL Enterprises, Inc. may also offer restricted stock options as part of its long-term incentive plan. Restricted stock options give employees the opportunity to purchase company stock at a discounted price after a certain vesting period, usually at the current market price at the time of grant. 4. Performance Share Units (Plus): Plus are another type of long-term incentive that may be included in the Ohio Long Term Performance and Restricted Stock Incentive Plan. These units are granted based on the achievement of pre-established performance goals and are typically settled in company stock after a specific vesting period. All these types of incentive plans aim to align the employees' interests with long-term company performance, motivating them to contribute towards the growth and success of INALCOL Enterprises, Inc. The Ohio Long Term Performance and Restricted Stock Incentive Plan plays a crucial role in attracting, retaining, and rewarding talented individuals, ensuring the sustained success and competitiveness of the company in the energy industry.