Virginia 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 Virginia Long-Term Performance and Restricted Stock Incentive Plan is a comprehensive program introduced by INALCOL Enterprises, Inc. This plan is designed to provide long-term incentives and rewards to eligible participants within the company. By incorporating specific keywords, let's delve into the details of this plan, including its types. The Virginia Long-Term Performance and Restricted Stock Incentive Plan by INALCOL Enterprises, Inc. aims to motivate and retain employees by offering them attractive, performance-based rewards. This plan is carefully structured, taking into account the company's goals, market trends, and employee expectations. Under this plan, there are various types of incentives available to eligible participants: 1. Performance-Linked Stocks: The Performance-Linked Stock Incentive allows employees to earn stocks based on the achievement of predetermined performance targets. It ensures that the employees' efforts directly contribute to the company's growth and success, aligning their interests with INALCOL Enterprises' long-term objectives. 2. Restricted Stock Units (RSS): The Restricted Stock Unit Incentive provides employees with a specified number of stock units that are subject to certain restrictions and vesting criteria. This RSS act as a retention tool, encouraging employees to stay with the company for a specific period of time to enjoy the full benefits of the granted stocks. 3. Performance-Based Cash Bonuses: In addition to stock incentives, the plan may offer performance-based cash bonuses. These bonuses are structured to reward employees who excel in achieving specific performance targets or surpassing established benchmarks. Cash bonuses provide immediate rewards, recognizing and reinforcing the employee's valuable contributions. 4. Long-Term Incentive Plan (TIP): The Virginia Long-Term Performance and Restricted Stock Incentive Plan may also include a broader TIP. This TIP could encompass various components, such as performance shares, stock appreciation rights, or other long-term incentives that align with the company's strategic objectives and maximize shareholder value. INALCOL Enterprises, Inc. recognizes the importance of providing a comprehensive and flexible incentive plan that suits the diverse needs of its employees. The Virginia Long-Term Performance and Restricted Stock Incentive Plan is designed to attract top talent, drive performance, and cultivate a culture of excellence within the organization. By leveraging performance-based rewards and stock incentives, INALCOL Enterprises aims to create a mutually beneficial environment for both the company and its dedicated employees.

The Virginia Long-Term Performance and Restricted Stock Incentive Plan is a comprehensive program introduced by INALCOL Enterprises, Inc. This plan is designed to provide long-term incentives and rewards to eligible participants within the company. By incorporating specific keywords, let's delve into the details of this plan, including its types. The Virginia Long-Term Performance and Restricted Stock Incentive Plan by INALCOL Enterprises, Inc. aims to motivate and retain employees by offering them attractive, performance-based rewards. This plan is carefully structured, taking into account the company's goals, market trends, and employee expectations. Under this plan, there are various types of incentives available to eligible participants: 1. Performance-Linked Stocks: The Performance-Linked Stock Incentive allows employees to earn stocks based on the achievement of predetermined performance targets. It ensures that the employees' efforts directly contribute to the company's growth and success, aligning their interests with INALCOL Enterprises' long-term objectives. 2. Restricted Stock Units (RSS): The Restricted Stock Unit Incentive provides employees with a specified number of stock units that are subject to certain restrictions and vesting criteria. This RSS act as a retention tool, encouraging employees to stay with the company for a specific period of time to enjoy the full benefits of the granted stocks. 3. Performance-Based Cash Bonuses: In addition to stock incentives, the plan may offer performance-based cash bonuses. These bonuses are structured to reward employees who excel in achieving specific performance targets or surpassing established benchmarks. Cash bonuses provide immediate rewards, recognizing and reinforcing the employee's valuable contributions. 4. Long-Term Incentive Plan (TIP): The Virginia Long-Term Performance and Restricted Stock Incentive Plan may also include a broader TIP. This TIP could encompass various components, such as performance shares, stock appreciation rights, or other long-term incentives that align with the company's strategic objectives and maximize shareholder value. INALCOL Enterprises, Inc. recognizes the importance of providing a comprehensive and flexible incentive plan that suits the diverse needs of its employees. The Virginia Long-Term Performance and Restricted Stock Incentive Plan is designed to attract top talent, drive performance, and cultivate a culture of excellence within the organization. By leveraging performance-based rewards and stock incentives, INALCOL Enterprises aims to create a mutually beneficial environment for both the company and its dedicated employees.