Pennsylvania Long Term Incentive Compensation Plan of A.M. Castle and Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-20-181
• Format: Word; Rich Text

Description

20-181 20-181 . . . Long Term Incentive Compensation Plan under which Human Resources Committee designates employees who will be participants in Plan and establishes Maximum Award Percentage with respect to each participant for each three year performance cycle. Each participant is entitled to a Performance Award if annual compounded total return (based upon stock appreciation and deemed reinvestment of dividends) on corporation common stock for that performance cycle equals or exceeds 1.5% plus annual compounded total return on common stock of Standard & Poor's 500 Industrials for such period. A participant's Performance Award for a performance cycle is amount equal to product of (a) participant's base salary multiplied by (b) his Maximum Award Percentage multiplied by (c) applicable Attainment Percentage for that performance cycle Pennsylvania Long Term Incentive Compensation Plan is a program established by A.M. Castle and Co., a leading global distributor of specialty metal and supply chain solutions. This compensation plan is specifically designed to incentivize and reward employees in Pennsylvania for their long-term commitment, loyalty, and exceptional performance. The Pennsylvania Long Term Incentive Compensation Plan aims to motivate employees by offering them a variety of attractive benefits tied to the company's long-term growth and success. Through this plan, employees are given an opportunity to earn additional compensation beyond their regular salary through various types of incentives and rewards. One key component of the Pennsylvania Long Term Incentive Compensation Plan is the stock-based incentives. Eligible employees may be granted stock options or restricted stock units (RSS) linked to the company's stock performance. By aligning the employees' financial interests with the company's shareholders, this incentivizes employees to contribute to the long-term value creation of A.M. Castle and Co. Additionally, the Pennsylvania Long Term Incentive Compensation Plan may also include performance-based bonuses. These bonuses are typically tied to predetermined performance goals and objectives, such as revenue growth, profitability targets, customer satisfaction, or operational efficiency. By linking compensation directly to measurable performance metrics, employees are encouraged to focus on achieving the company's strategic objectives. Moreover, the plan may offer long-term cash incentives, such as cash bonuses or profit-sharing. These incentives are often tied to the company's overall financial performance over a certain period of time. By rewarding employees based on the company's profitability and success, this encourages them to contribute to the company's long-term growth and sustainability. It is important to note that while the Pennsylvania Long Term Incentive Compensation Plan is designed to motivate and retain employees in Pennsylvania, the specifics of the plan may vary depending on the company's objectives and guidelines. Therefore, it is advisable for employees to refer to the official documentation provided by A.M. Castle and Co., such as the plan's summary or handbook, for more detailed information about the specific types and details of the plan.

Pennsylvania Long Term Incentive Compensation Plan is a program established by A.M. Castle and Co., a leading global distributor of specialty metal and supply chain solutions. This compensation plan is specifically designed to incentivize and reward employees in Pennsylvania for their long-term commitment, loyalty, and exceptional performance. The Pennsylvania Long Term Incentive Compensation Plan aims to motivate employees by offering them a variety of attractive benefits tied to the company's long-term growth and success. Through this plan, employees are given an opportunity to earn additional compensation beyond their regular salary through various types of incentives and rewards. One key component of the Pennsylvania Long Term Incentive Compensation Plan is the stock-based incentives. Eligible employees may be granted stock options or restricted stock units (RSS) linked to the company's stock performance. By aligning the employees' financial interests with the company's shareholders, this incentivizes employees to contribute to the long-term value creation of A.M. Castle and Co. Additionally, the Pennsylvania Long Term Incentive Compensation Plan may also include performance-based bonuses. These bonuses are typically tied to predetermined performance goals and objectives, such as revenue growth, profitability targets, customer satisfaction, or operational efficiency. By linking compensation directly to measurable performance metrics, employees are encouraged to focus on achieving the company's strategic objectives. Moreover, the plan may offer long-term cash incentives, such as cash bonuses or profit-sharing. These incentives are often tied to the company's overall financial performance over a certain period of time. By rewarding employees based on the company's profitability and success, this encourages them to contribute to the company's long-term growth and sustainability. It is important to note that while the Pennsylvania Long Term Incentive Compensation Plan is designed to motivate and retain employees in Pennsylvania, the specifics of the plan may vary depending on the company's objectives and guidelines. Therefore, it is advisable for employees to refer to the official documentation provided by A.M. Castle and Co., such as the plan's summary or handbook, for more detailed information about the specific types and details of the plan.