The Oklahoma Long Term Incentive Compensation Plan of A.M. Castle and Co. is an employee reward program designed to motivate and retain top talent within the organization. This plan offers various financial incentives that are based on long-term goals and performance metrics, encouraging employees to continually strive for excellence and contribute to the company's success. Key aspects of the Oklahoma Long Term Incentive Compensation Plan include: 1. Performance-based Rewards: The plan provides rewards based on predefined performance goals, which may include financial targets, customer satisfaction metrics, operational efficiency, or other key performance indicators (KPIs). Employees who meet or exceed these goals can earn substantial bonuses or incentives. 2. Long-Term Perspective: The plan emphasizes rewarding employees for sustained performance over an extended period, typically spanning multiple years. This long-term focus promotes stability and aligns employees' interests with the long-term success of A.M. Castle and Co. 3. Equity-based Awards: In addition to cash bonuses, the plan may offer equity-based compensation, such as stock options or restricted stock units. This allows employees to benefit from the company's growth and shareholder value appreciation, further aligning their incentives with the company's performance. 4. Multi-tier Structure: The Oklahoma Long Term Incentive Compensation Plan may comprise different tiers or levels, each with distinct eligibility criteria and reward structures. For example, top executives or key leaders may have a separate tier with higher potential rewards, reflecting their crucial contribution to the company's overall success. 5. Employee Retention: One of the primary objectives of this plan is to enhance employee retention. By providing attractive long-term incentives, A.M. Castle and Co. aims to foster loyalty and reduce turnover, ensuring continuity in key roles and institutional knowledge within the organization. 6. Customization: The plan is designed to accommodate the specific needs and goals of A.M. Castle and Co. Accordingly, it may be customized based on industry sector, business unit, or even individual job roles. This allows for flexibility and a tailored approach to incentivizing different areas of the company. By implementing the Oklahoma Long Term Incentive Compensation Plan, A.M. Castle and Co. seeks to motivate its employees to achieve strategic objectives, enhance performance, and contribute to long-term value creation. This comprehensive reward program reinforces the company's commitment to recognizing and appreciating its workforce, ultimately driving growth and success for all stakeholders involved.