South Carolina 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 South Carolina Long Term Incentive Compensation Plan is a rewards program offered by A.M. Castle and Co. to its employees based in South Carolina. This program aims to incentivize and retain talented individuals by providing them with long-term financial incentives. The South Carolina Long Term Incentive Compensation Plan typically includes several types of performance-based rewards, which are designed to align the interests of employees with the overall objectives of the company. Some key keywords associated with this plan include: 1. Long-term compensation: The South Carolina Long Term Incentive Compensation Plan focuses on providing employees with rewards that extend beyond their regular salary, offering them the opportunity to earn additional financial incentives over an extended period. 2. Incentives: The plan aims to incentivize employees by providing them with rewards that are directly linked to their performance and contributions towards achieving organizational goals. These incentives can include cash bonuses, stock options, or other forms of equity-based compensation. 3. Performance-based rewards: The plan is structured in a way that rewards employees based on their individual and/or team performance. This allows high-performing individuals to be recognized and rewarded accordingly, while also fostering a culture of healthy competition and teamwork. 4. Retention: The South Carolina Long Term Incentive Compensation Plan is designed to help the company retain its top talent. By offering attractive long-term incentives, the plan encourages employees to stay with the company for an extended period, thereby reducing turnover and ensuring continuity within the organization. 5. Customizability: Depending on the specific needs and objectives of A.M. Castle and Co., the South Carolina Long Term Incentive Compensation Plan may have different variations. These variations can be tailored to different roles, levels of seniority, or business units within the company, allowing for flexibility and customization to suit diverse employee needs. Overall, the South Carolina Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive rewards program that promotes employee retention, performance, and alignment with the company's goals. It offers long-term compensation opportunities, performance-based rewards, and customizable options to ensure the plan meets the specific requirements of both the employees and the company.

The South Carolina Long Term Incentive Compensation Plan is a rewards program offered by A.M. Castle and Co. to its employees based in South Carolina. This program aims to incentivize and retain talented individuals by providing them with long-term financial incentives. The South Carolina Long Term Incentive Compensation Plan typically includes several types of performance-based rewards, which are designed to align the interests of employees with the overall objectives of the company. Some key keywords associated with this plan include: 1. Long-term compensation: The South Carolina Long Term Incentive Compensation Plan focuses on providing employees with rewards that extend beyond their regular salary, offering them the opportunity to earn additional financial incentives over an extended period. 2. Incentives: The plan aims to incentivize employees by providing them with rewards that are directly linked to their performance and contributions towards achieving organizational goals. These incentives can include cash bonuses, stock options, or other forms of equity-based compensation. 3. Performance-based rewards: The plan is structured in a way that rewards employees based on their individual and/or team performance. This allows high-performing individuals to be recognized and rewarded accordingly, while also fostering a culture of healthy competition and teamwork. 4. Retention: The South Carolina Long Term Incentive Compensation Plan is designed to help the company retain its top talent. By offering attractive long-term incentives, the plan encourages employees to stay with the company for an extended period, thereby reducing turnover and ensuring continuity within the organization. 5. Customizability: Depending on the specific needs and objectives of A.M. Castle and Co., the South Carolina Long Term Incentive Compensation Plan may have different variations. These variations can be tailored to different roles, levels of seniority, or business units within the company, allowing for flexibility and customization to suit diverse employee needs. Overall, the South Carolina Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive rewards program that promotes employee retention, performance, and alignment with the company's goals. It offers long-term compensation opportunities, performance-based rewards, and customizable options to ensure the plan meets the specific requirements of both the employees and the company.