Vermont 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 Vermont Long Term Performance and Restricted Stock Incentive Plan is a comprehensive program offered by INALCOL Enterprises, Inc. to incentivize and reward its employees for their long-term performance and commitment. This plan consists of various types of stock-based incentives designed to align employee interests with the company's growth and success. One type of stock incentive included in the Vermont Long Term Performance and Restricted Stock Incentive Plan is the Restricted Stock Unit (RSU). RSS is a form of compensation where employees receive a specified number of company shares that are subject to certain restrictions. These restrictions could include vesting periods or performance goals that need to be met before the shares can be fully owned by the employees. Another type of stock incentive is the Performance Share Unit (PSU). Plus are awarded based on predetermined performance metrics and goals. Once achieved, employees receive a specific number of company shares. These shares may be subject to vesting restrictions, ensuring that employees remain with the company and contribute to its long-term performance to fully benefit from these incentives. The Vermont Long Term Performance and Restricted Stock Incentive Plan also includes various performance-based stock options. These options grant employees the right to purchase company shares at a predetermined price within a specified timeframe. The exercise of these options often depends on meeting specific performance targets or milestones. In addition to stock-based incentives, the plan may also provide other forms of compensation and benefits, such as cash bonuses, profit-sharing, or retirement contributions, to further motivate employees and enhance their long-term commitment to the company's success. Overall, the Vermont Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive program that offers a range of stock-based incentives aimed at rewarding and retaining valuable employees. This plan aligns employee interests with the company's long-term performance goals while fostering a sense of ownership and loyalty among the workforce.

The Vermont Long Term Performance and Restricted Stock Incentive Plan is a comprehensive program offered by INALCOL Enterprises, Inc. to incentivize and reward its employees for their long-term performance and commitment. This plan consists of various types of stock-based incentives designed to align employee interests with the company's growth and success. One type of stock incentive included in the Vermont Long Term Performance and Restricted Stock Incentive Plan is the Restricted Stock Unit (RSU). RSS is a form of compensation where employees receive a specified number of company shares that are subject to certain restrictions. These restrictions could include vesting periods or performance goals that need to be met before the shares can be fully owned by the employees. Another type of stock incentive is the Performance Share Unit (PSU). Plus are awarded based on predetermined performance metrics and goals. Once achieved, employees receive a specific number of company shares. These shares may be subject to vesting restrictions, ensuring that employees remain with the company and contribute to its long-term performance to fully benefit from these incentives. The Vermont Long Term Performance and Restricted Stock Incentive Plan also includes various performance-based stock options. These options grant employees the right to purchase company shares at a predetermined price within a specified timeframe. The exercise of these options often depends on meeting specific performance targets or milestones. In addition to stock-based incentives, the plan may also provide other forms of compensation and benefits, such as cash bonuses, profit-sharing, or retirement contributions, to further motivate employees and enhance their long-term commitment to the company's success. Overall, the Vermont Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive program that offers a range of stock-based incentives aimed at rewarding and retaining valuable employees. This plan aligns employee interests with the company's long-term performance goals while fostering a sense of ownership and loyalty among the workforce.