Virginia 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 Virginia Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive program designed to reward and retain key employees in the company. This plan aims to provide long-term incentives to employees who contribute significantly to the growth and success of A.M. Castle and Co. Key features of the Virginia Long Term Incentive Compensation Plan include a mix of cash and equity-based awards, performance-based targets, and vesting periods. This plan is specifically tailored to meet the needs and objectives of the company's Virginia-based employees. There are several types of Virginia Long Term Incentive Compensation Plans offered by A.M. Castle and Co., each catering to different levels of employees and roles within the organization. These plans are designed to align the interests of employees with the company's overall goals and objectives. One type of plan is the Executive Long Term Incentive Compensation Plan, which is designed for senior executives and key leaders within the organization. This plan offers higher levels of compensation and provides a strong incentive for these executives to drive the company's growth and profitability. Another type of plan is the Employee Stock Ownership Plan (ESOP), which allows employees to become shareholders in the company. This plan aims to foster a sense of ownership and encourage employees to contribute to the long-term success of A.M. Castle and Co. Additionally, A.M. Castle and Co. offers a Performance Share Plan as part of the Virginia Long Term Incentive Compensation Plan. This plan is tied to specific performance measures, such as revenue growth, profitability, and shareholder value. Employees who meet or exceed these targets are rewarded with additional incentives. Overall, the Virginia Long Term Incentive Compensation Plan of A.M. Castle and Co. is a robust and comprehensive program that aims to attract, retain, and motivate employees in Virginia. By providing a mix of cash and equity-based incentives, performance-based targets, and vesting periods, this plan ensures that employees are aligned with the company's strategic objectives and rewarded for their contributions to its long-term success.

The Virginia Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive program designed to reward and retain key employees in the company. This plan aims to provide long-term incentives to employees who contribute significantly to the growth and success of A.M. Castle and Co. Key features of the Virginia Long Term Incentive Compensation Plan include a mix of cash and equity-based awards, performance-based targets, and vesting periods. This plan is specifically tailored to meet the needs and objectives of the company's Virginia-based employees. There are several types of Virginia Long Term Incentive Compensation Plans offered by A.M. Castle and Co., each catering to different levels of employees and roles within the organization. These plans are designed to align the interests of employees with the company's overall goals and objectives. One type of plan is the Executive Long Term Incentive Compensation Plan, which is designed for senior executives and key leaders within the organization. This plan offers higher levels of compensation and provides a strong incentive for these executives to drive the company's growth and profitability. Another type of plan is the Employee Stock Ownership Plan (ESOP), which allows employees to become shareholders in the company. This plan aims to foster a sense of ownership and encourage employees to contribute to the long-term success of A.M. Castle and Co. Additionally, A.M. Castle and Co. offers a Performance Share Plan as part of the Virginia Long Term Incentive Compensation Plan. This plan is tied to specific performance measures, such as revenue growth, profitability, and shareholder value. Employees who meet or exceed these targets are rewarded with additional incentives. Overall, the Virginia Long Term Incentive Compensation Plan of A.M. Castle and Co. is a robust and comprehensive program that aims to attract, retain, and motivate employees in Virginia. By providing a mix of cash and equity-based incentives, performance-based targets, and vesting periods, this plan ensures that employees are aligned with the company's strategic objectives and rewarded for their contributions to its long-term success.