Collin Texas Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Collin
• 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 Collin Texas Long Term Performance and Restricted Stock Incentive Plan (TIP and RIP) of INALCOL Enterprises, Inc. is a compensation program designed to motivate and reward selected employees for their long-term contributions to the company's growth and success. This plan offers a combination of performance-based incentives and restricted stock grants to eligible employees, encouraging them to align their goals with the organization's objectives and enhancing their commitment to achieving desired outcomes. Under this program, participants have the opportunity to earn both cash bonuses and stock-based rewards based on their performance against predetermined metrics and objectives. These metrics can include financial targets, operational goals, market share growth, customer satisfaction, or any other relevant key performance indicators (KPIs) determined by the company. By linking compensation to performance, INALCOL Enterprises aims to foster a culture of results-driven excellence and accountability among its employees. The TIP component of the plan offers participants the chance to earn annual cash bonuses based on the achievement of pre-established performance goals. These goals are typically set at the beginning of each performance period and can range from individual or department-specific objectives to broader company-wide targets. The cash bonuses awarded are calculated as a percentage of the participant's base salary, with higher levels of performance equating to larger payout percentages. In addition to the cash bonuses, the RIP element of the plan grants eligible employees restricted stock units (RSS) as further incentives for their continued commitment to the company's growth. The RSS are typically subject to a vesting period, during which the employee must remain with the company to receive full ownership of the granted shares. This encourages employee retention and further aligns their interests with the long-term success of INALCOL Enterprises. Different variations of the Collin Texas TIP and RIP may exist, each tailored to specific groups of employees or incorporating varying performance measures. These variations could include executive-level plans, wherein additional rewards and stock-based incentives are provided to top-level management and key executives, or division-specific plans that focus on achieving department-specific goals within the broader organizational framework. Overall, the Collin Texas Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. serves as a powerful tool to attract, engage, and retain talented individuals who play a vital role in the company's long-term growth and profitability. By providing a comprehensive compensation package, including both performance-based cash bonuses and restricted stock grants, INALCOL Enterprises aims to create a motivated and committed workforce that works towards achieving the company's strategic objectives and driving sustained success in the industry.

The Collin Texas Long Term Performance and Restricted Stock Incentive Plan (TIP and RIP) of INALCOL Enterprises, Inc. is a compensation program designed to motivate and reward selected employees for their long-term contributions to the company's growth and success. This plan offers a combination of performance-based incentives and restricted stock grants to eligible employees, encouraging them to align their goals with the organization's objectives and enhancing their commitment to achieving desired outcomes. Under this program, participants have the opportunity to earn both cash bonuses and stock-based rewards based on their performance against predetermined metrics and objectives. These metrics can include financial targets, operational goals, market share growth, customer satisfaction, or any other relevant key performance indicators (KPIs) determined by the company. By linking compensation to performance, INALCOL Enterprises aims to foster a culture of results-driven excellence and accountability among its employees. The TIP component of the plan offers participants the chance to earn annual cash bonuses based on the achievement of pre-established performance goals. These goals are typically set at the beginning of each performance period and can range from individual or department-specific objectives to broader company-wide targets. The cash bonuses awarded are calculated as a percentage of the participant's base salary, with higher levels of performance equating to larger payout percentages. In addition to the cash bonuses, the RIP element of the plan grants eligible employees restricted stock units (RSS) as further incentives for their continued commitment to the company's growth. The RSS are typically subject to a vesting period, during which the employee must remain with the company to receive full ownership of the granted shares. This encourages employee retention and further aligns their interests with the long-term success of INALCOL Enterprises. Different variations of the Collin Texas TIP and RIP may exist, each tailored to specific groups of employees or incorporating varying performance measures. These variations could include executive-level plans, wherein additional rewards and stock-based incentives are provided to top-level management and key executives, or division-specific plans that focus on achieving department-specific goals within the broader organizational framework. Overall, the Collin Texas Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. serves as a powerful tool to attract, engage, and retain talented individuals who play a vital role in the company's long-term growth and profitability. By providing a comprehensive compensation package, including both performance-based cash bonuses and restricted stock grants, INALCOL Enterprises aims to create a motivated and committed workforce that works towards achieving the company's strategic objectives and driving sustained success in the industry.