Contra Costa California Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Contra Costa
• 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 Contra Costa California Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation strategy designed to incentivize and reward employees for their long-term commitment and excellent performance within the company. This plan offers eligible employees the opportunity to receive restricted stock units (RSS) as a form of additional compensation. Under this plan, employees are granted a specific number of RSS, with each RSU representing a share of INALCOL Enterprises, Inc. stock. This RSS is subject to certain restrictions and vesting requirements, ensuring that employees remain with the company and continue to contribute to its success over the long term. The Contra Costa California Long Term Performance and Restricted Stock Incentive Plan promotes a culture of performance excellence and fosters a sense of ownership among employees. By providing employees with an ownership stake in the company, this plan aligns their interests with the long-term success of INALCOL Enterprises, Inc. Employees who participate in this plan have the opportunity to benefit financially from the company's growth and success. As the stock price of INALCOL Enterprises, Inc. increases over time, the value of their RSS also rises, eventually becoming fully vested and freely tradable. Different types of the Contra Costa California Long Term Performance and Restricted Stock Incentive Plan may include variations such as performance-based RSS and time-based RSS. Performance-based RSS may be granted based on predetermined performance goals, such as revenue targets or profitability milestones. Time-based RSS, on the other hand, vest over a specified period of time, rewarding employees for their continued loyalty and dedication. Overall, the Contra Costa California Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. serves as a powerful tool to attract, retain, and motivate top talent within the organization. It helps create a sense of ownership, encourages long-term commitment, and aligns employee and shareholder interests, ultimately driving the company's success in the dynamic and competitive market.

Contra Costa California Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation strategy designed to incentivize and reward employees for their long-term commitment and excellent performance within the company. This plan offers eligible employees the opportunity to receive restricted stock units (RSS) as a form of additional compensation. Under this plan, employees are granted a specific number of RSS, with each RSU representing a share of INALCOL Enterprises, Inc. stock. This RSS is subject to certain restrictions and vesting requirements, ensuring that employees remain with the company and continue to contribute to its success over the long term. The Contra Costa California Long Term Performance and Restricted Stock Incentive Plan promotes a culture of performance excellence and fosters a sense of ownership among employees. By providing employees with an ownership stake in the company, this plan aligns their interests with the long-term success of INALCOL Enterprises, Inc. Employees who participate in this plan have the opportunity to benefit financially from the company's growth and success. As the stock price of INALCOL Enterprises, Inc. increases over time, the value of their RSS also rises, eventually becoming fully vested and freely tradable. Different types of the Contra Costa California Long Term Performance and Restricted Stock Incentive Plan may include variations such as performance-based RSS and time-based RSS. Performance-based RSS may be granted based on predetermined performance goals, such as revenue targets or profitability milestones. Time-based RSS, on the other hand, vest over a specified period of time, rewarding employees for their continued loyalty and dedication. Overall, the Contra Costa California Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. serves as a powerful tool to attract, retain, and motivate top talent within the organization. It helps create a sense of ownership, encourages long-term commitment, and aligns employee and shareholder interests, ultimately driving the company's success in the dynamic and competitive market.