Bronx New York Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Bronx
• 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 Bronx New York Long Term Performance and Restricted Stock Incentive Plan offered by INALCOL Enterprises, Inc. is a comprehensive program designed to reward and incentivize employees for their long-term commitment and exceptional performance. This plan serves as a valuable tool aimed at attracting and retaining top talent within the organization. Under this plan, eligible employees are granted restricted stock units (RSS) that vest over a specified period of time. RSS represents the right to receive shares of INALCOL Enterprises, Inc.'s stock once certain conditions, such as continued employment or achieving predetermined performance goals, are met. The vesting schedule may vary depending on the employee's position, contribution, and years of service with the company. There are several variations and types of the Bronx New York Long Term Performance and Restricted Stock Incentive Plan, each tailored to meet the unique needs and objectives of different employee groups within the organization. Some of these variations include: 1. Executive Restricted Stock Incentive Plan: Designed specifically for top-level executives, this plan offers a higher number of RSS and may have more aggressive performance metrics tied to the vesting schedule. Executives play a critical role in shaping the company's long-term strategy and are rewarded accordingly under this plan. 2. Management Incentive Plan: This variant of the plan is directed towards middle and senior-level managers who hold key positions within INALCOL Enterprises, Inc. RSS granted under this plan are typically based on individual and team performance metrics, including financial targets, operational milestones, and strategic objectives. 3. Departmental Performance Plan: Tailored for specific departments or business units, this plan aligns the goals and incentives of employees working within a particular area. The vesting of RSS in this plan may depend on departmental performance indicators, such as revenue growth, cost control measures, customer satisfaction ratings, or other relevant metrics. 4. Team-Based Incentive Plan: In some cases, INALCOL Enterprises, Inc. may implement team-based incentive plans to encourage collaboration, foster teamwork, and drive collective performance. This plan may distribute RSS among team members based on the overall achievement of team goals or projects. Under these different variations of the Bronx New York Long Term Performance and Restricted Stock Incentive Plan, employees have the opportunity to accumulate company stock over time, providing them with a sense of ownership and aligning their interests with those of the company and its shareholders. This incentive structure enhances employee engagement, motivation, and loyalty while fostering a long-term view of success within INALCOL Enterprises, Inc.

The Bronx New York Long Term Performance and Restricted Stock Incentive Plan offered by INALCOL Enterprises, Inc. is a comprehensive program designed to reward and incentivize employees for their long-term commitment and exceptional performance. This plan serves as a valuable tool aimed at attracting and retaining top talent within the organization. Under this plan, eligible employees are granted restricted stock units (RSS) that vest over a specified period of time. RSS represents the right to receive shares of INALCOL Enterprises, Inc.'s stock once certain conditions, such as continued employment or achieving predetermined performance goals, are met. The vesting schedule may vary depending on the employee's position, contribution, and years of service with the company. There are several variations and types of the Bronx New York Long Term Performance and Restricted Stock Incentive Plan, each tailored to meet the unique needs and objectives of different employee groups within the organization. Some of these variations include: 1. Executive Restricted Stock Incentive Plan: Designed specifically for top-level executives, this plan offers a higher number of RSS and may have more aggressive performance metrics tied to the vesting schedule. Executives play a critical role in shaping the company's long-term strategy and are rewarded accordingly under this plan. 2. Management Incentive Plan: This variant of the plan is directed towards middle and senior-level managers who hold key positions within INALCOL Enterprises, Inc. RSS granted under this plan are typically based on individual and team performance metrics, including financial targets, operational milestones, and strategic objectives. 3. Departmental Performance Plan: Tailored for specific departments or business units, this plan aligns the goals and incentives of employees working within a particular area. The vesting of RSS in this plan may depend on departmental performance indicators, such as revenue growth, cost control measures, customer satisfaction ratings, or other relevant metrics. 4. Team-Based Incentive Plan: In some cases, INALCOL Enterprises, Inc. may implement team-based incentive plans to encourage collaboration, foster teamwork, and drive collective performance. This plan may distribute RSS among team members based on the overall achievement of team goals or projects. Under these different variations of the Bronx New York Long Term Performance and Restricted Stock Incentive Plan, employees have the opportunity to accumulate company stock over time, providing them with a sense of ownership and aligning their interests with those of the company and its shareholders. This incentive structure enhances employee engagement, motivation, and loyalty while fostering a long-term view of success within INALCOL Enterprises, Inc.