Puerto Rico 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 The Puerto Rico Long Term Incentive Compensation Plan of A.M. Castle and Co. is a special employee compensation program designed to reward and retain talented individuals in Puerto Rico. This comprehensive plan is tailored specifically for Puerto Rico-based employees of A.M. Castle and Co., an established company in the industry. The Puerto Rico Long Term Incentive Compensation Plan encompasses various types of compensation structures to motivate employees and align their interests with the company's long-term goals. The plan allows employees to earn additional compensation that is tied to performance metrics and achievements over an extended period. One prominent type of the Puerto Rico Long Term Incentive Compensation Plan is the Performance-Based Stock Options. These options grant eligible employees the right to purchase shares of A.M. Castle and Co.'s stock at a predetermined price, allowing them to benefit from potential stock price appreciation. The number of stock options an employee receives is usually dependent on their performance and contribution to the company's growth. Another component of the plan is the Restricted Stock Units (RSS). Under this scheme, eligible employees are granted a certain number of RSS, which represent the right to receive a specific number of A.M. Castle and Co.’s sharesRSSUs typically vest over a predetermined period, ensuring that employees stay engaged and committed to the company's success. Beyond stock-based incentives, the Puerto Rico Long Term Incentive Compensation Plan can also include Cash Bonuses. These bonuses are awarded to employees who consistently achieve or exceed their performance goals. This provides an additional financial incentive to motivate employees and recognize their contributions to the company. To participate in the Puerto Rico Long Term Incentive Compensation Plan, employees must meet specific eligibility criteria set by the company, such as performance targets, length of service, and other factors relevant to the overall compensation strategy. In conclusion, the Puerto Rico Long Term Incentive Compensation Plan of A.M. Castle and Co. showcases a comprehensive approach to reward and retain talented employees in Puerto Rico. By offering a combination of stock-based incentives, cash bonuses, and performance-related rewards, the company ensures that employees are motivated, engaged, and aligned with its long-term objectives.

The Puerto Rico Long Term Incentive Compensation Plan of A.M. Castle and Co. is a special employee compensation program designed to reward and retain talented individuals in Puerto Rico. This comprehensive plan is tailored specifically for Puerto Rico-based employees of A.M. Castle and Co., an established company in the industry. The Puerto Rico Long Term Incentive Compensation Plan encompasses various types of compensation structures to motivate employees and align their interests with the company's long-term goals. The plan allows employees to earn additional compensation that is tied to performance metrics and achievements over an extended period. One prominent type of the Puerto Rico Long Term Incentive Compensation Plan is the Performance-Based Stock Options. These options grant eligible employees the right to purchase shares of A.M. Castle and Co.'s stock at a predetermined price, allowing them to benefit from potential stock price appreciation. The number of stock options an employee receives is usually dependent on their performance and contribution to the company's growth. Another component of the plan is the Restricted Stock Units (RSS). Under this scheme, eligible employees are granted a certain number of RSS, which represent the right to receive a specific number of A.M. Castle and Co.’s sharesRSSUs typically vest over a predetermined period, ensuring that employees stay engaged and committed to the company's success. Beyond stock-based incentives, the Puerto Rico Long Term Incentive Compensation Plan can also include Cash Bonuses. These bonuses are awarded to employees who consistently achieve or exceed their performance goals. This provides an additional financial incentive to motivate employees and recognize their contributions to the company. To participate in the Puerto Rico Long Term Incentive Compensation Plan, employees must meet specific eligibility criteria set by the company, such as performance targets, length of service, and other factors relevant to the overall compensation strategy. In conclusion, the Puerto Rico Long Term Incentive Compensation Plan of A.M. Castle and Co. showcases a comprehensive approach to reward and retain talented employees in Puerto Rico. By offering a combination of stock-based incentives, cash bonuses, and performance-related rewards, the company ensures that employees are motivated, engaged, and aligned with its long-term objectives.