Wyoming 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 Wyoming Long Term Incentive Compensation Plan is a program offered by A.M. Castle and Co., a renowned company located in Wyoming. This plan is designed to provide employees with long-term incentives to enhance their commitment, motivation, and overall performance. Under the Wyoming Long Term Incentive Compensation Plan, employees are granted additional compensation based on their long-term contributions to the company's success. This compensation is typically tied to the achievement of specific performance goals and objectives set by the company. The plan aims to foster long-term employee loyalty and retention by rewarding them with various incentives such as stock options, performance shares, restricted stock units, or cash bonuses. These incentives provide employees with a financial stake in the company's growth and success. The Wyoming Long Term Incentive Compensation Plan offers different types of incentives to suit the diverse needs of employees at various levels within the company. Here are some key types of incentives included in the plan: 1. Stock Options: Employees are granted the right to purchase company stock at a predetermined price, usually referred to as the exercise price. This allows employees to benefit from any increase in the company's stock price over time. 2. Performance Shares: Employees receive shares of company stock based on the achievement of specific performance goals. These shares are typically subject to a vesting period during which employees must remain with the company to receive full ownership. 3. Restricted Stock Units (RSS): Employees are granted units that represent a specific number of shares of company stock. These units often have a vesting period and limitations on their transferability until certain conditions are met. 4. Cash Bonuses: In addition to equity-based incentives, employees may be eligible for cash bonuses based on their individual or team's performance. These bonuses are often linked to financial metrics, company goals, or other performance indicators. The Wyoming Long Term Incentive Compensation Plan is designed to align the interests of employees with the company's long-term success. By providing employees with a stake in the company's performance, A.M. Castle and Co. aims to foster a culture of ownership, accountability, and commitment among its workforce. Overall, the Wyoming Long Term Incentive Compensation Plan offers a comprehensive range of incentives that aim to attract, motivate, and retain top talent within A.M. Castle and Co. Employees have the opportunity to benefit from the company's growth while contributing to its long-term success.

The Wyoming Long Term Incentive Compensation Plan is a program offered by A.M. Castle and Co., a renowned company located in Wyoming. This plan is designed to provide employees with long-term incentives to enhance their commitment, motivation, and overall performance. Under the Wyoming Long Term Incentive Compensation Plan, employees are granted additional compensation based on their long-term contributions to the company's success. This compensation is typically tied to the achievement of specific performance goals and objectives set by the company. The plan aims to foster long-term employee loyalty and retention by rewarding them with various incentives such as stock options, performance shares, restricted stock units, or cash bonuses. These incentives provide employees with a financial stake in the company's growth and success. The Wyoming Long Term Incentive Compensation Plan offers different types of incentives to suit the diverse needs of employees at various levels within the company. Here are some key types of incentives included in the plan: 1. Stock Options: Employees are granted the right to purchase company stock at a predetermined price, usually referred to as the exercise price. This allows employees to benefit from any increase in the company's stock price over time. 2. Performance Shares: Employees receive shares of company stock based on the achievement of specific performance goals. These shares are typically subject to a vesting period during which employees must remain with the company to receive full ownership. 3. Restricted Stock Units (RSS): Employees are granted units that represent a specific number of shares of company stock. These units often have a vesting period and limitations on their transferability until certain conditions are met. 4. Cash Bonuses: In addition to equity-based incentives, employees may be eligible for cash bonuses based on their individual or team's performance. These bonuses are often linked to financial metrics, company goals, or other performance indicators. The Wyoming Long Term Incentive Compensation Plan is designed to align the interests of employees with the company's long-term success. By providing employees with a stake in the company's performance, A.M. Castle and Co. aims to foster a culture of ownership, accountability, and commitment among its workforce. Overall, the Wyoming Long Term Incentive Compensation Plan offers a comprehensive range of incentives that aim to attract, motivate, and retain top talent within A.M. Castle and Co. Employees have the opportunity to benefit from the company's growth while contributing to its long-term success.