Wyoming 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 Wyoming Long Term Performance and Restricted Stock Incentive Plan (LTIP-RSIP) of INALCOL Enterprises, Inc. is a comprehensive employee compensation program designed to motivate and reward high-performing individuals within the organization. This plan is specifically tailored to the employees working in the Wyoming region of INALCOL Enterprises, Inc., offering them long-term incentives in the form of stock options and restricted stock units (RSS). Under the LTIP-RSIP, eligible employees are provided with an opportunity to acquire shares of INALCOL Enterprises, Inc. stock as a means to align their interests with the company's overall performance and success. The plan aims to promote shareholder value and encourage employees to contribute to the long-term growth and profitability of the organization. There are several types of Wyoming LTIP-RSIP plans available within INALCOL Enterprises, Inc., each offering unique features and eligibility criteria. These options include: 1. Performance-Based TIP: This type of plan sets specific performance targets and goals for employees to achieve in order to receive stock grants or options. The performance metrics may be based on financial performance, operational targets, or other key performance indicators (KPIs) relevant to INALCOL Enterprises, Inc.'s strategic objectives. 2. RSU-Based TIP: Another variant of the plan is based solely on the issuance of restricted stock units. Eligible employees receive a predetermined number of RSS that vest over a defined period, typically subject to the employee's continued employment. This aligns the employee's interest with the long-term success of the organization. 3. Multi-Year TIP: This TIP variant extends beyond a single year and encompasses a multi-year performance period. It sets performance goals and targets over multiple years, allowing employees to earn larger stock grants or options based on sustained performance and contributions towards the company's strategic objectives. 4. Senior Executive TIP: This plan specifically caters to the senior leaders and executives within INALCOL Enterprises, Inc. It offers additional performance-based incentives and increased stock grant opportunities to align the executive team's interests appropriately with the organization's long-term success. The Wyoming LTIP-RSIP of INALCOL Enterprises, Inc. is an invaluable tool for attracting, motivating, and retaining top talent, while fostering a sense of shared ownership and commitment to the company's strategic objectives in the Wyoming region. By offering long-term incentives in the form of stock options and RSS, this plan incentivizes employees to drive sustained growth, profitability, and shareholder value for INALCOL Enterprises, Inc.

The Wyoming Long Term Performance and Restricted Stock Incentive Plan (LTIP-RSIP) of INALCOL Enterprises, Inc. is a comprehensive employee compensation program designed to motivate and reward high-performing individuals within the organization. This plan is specifically tailored to the employees working in the Wyoming region of INALCOL Enterprises, Inc., offering them long-term incentives in the form of stock options and restricted stock units (RSS). Under the LTIP-RSIP, eligible employees are provided with an opportunity to acquire shares of INALCOL Enterprises, Inc. stock as a means to align their interests with the company's overall performance and success. The plan aims to promote shareholder value and encourage employees to contribute to the long-term growth and profitability of the organization. There are several types of Wyoming LTIP-RSIP plans available within INALCOL Enterprises, Inc., each offering unique features and eligibility criteria. These options include: 1. Performance-Based TIP: This type of plan sets specific performance targets and goals for employees to achieve in order to receive stock grants or options. The performance metrics may be based on financial performance, operational targets, or other key performance indicators (KPIs) relevant to INALCOL Enterprises, Inc.'s strategic objectives. 2. RSU-Based TIP: Another variant of the plan is based solely on the issuance of restricted stock units. Eligible employees receive a predetermined number of RSS that vest over a defined period, typically subject to the employee's continued employment. This aligns the employee's interest with the long-term success of the organization. 3. Multi-Year TIP: This TIP variant extends beyond a single year and encompasses a multi-year performance period. It sets performance goals and targets over multiple years, allowing employees to earn larger stock grants or options based on sustained performance and contributions towards the company's strategic objectives. 4. Senior Executive TIP: This plan specifically caters to the senior leaders and executives within INALCOL Enterprises, Inc. It offers additional performance-based incentives and increased stock grant opportunities to align the executive team's interests appropriately with the organization's long-term success. The Wyoming LTIP-RSIP of INALCOL Enterprises, Inc. is an invaluable tool for attracting, motivating, and retaining top talent, while fostering a sense of shared ownership and commitment to the company's strategic objectives in the Wyoming region. By offering long-term incentives in the form of stock options and RSS, this plan incentivizes employees to drive sustained growth, profitability, and shareholder value for INALCOL Enterprises, Inc.