Cook Illinois Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Cook
• 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 Cook Illinois Long Term Performance and Restricted Stock Incentive Plan is an important program offered by INALCOL Enterprises, Inc., a prominent company in the energy industry. This incentive plan provides eligible employees with the opportunity to earn additional compensation through long-term performance-based grants and restricted stock options. The Cook Illinois Long Term Performance and Restricted Stock Incentive Plan is designed to reward employees for their exceptional contributions to the company's long-term growth and success. By aligning the interests of employees with the overall objectives of INALCOL Enterprises, Inc., this plan aims to motivate and retain top talent. There are different types of Cook Illinois Long Term Performance and Restricted Stock Incentive Plans, each tailored to meet the distinct needs and goals of various employee categories within the organization. For instance, there may be specific plans for executives and top-level management, while other plans could be extended to employees at different organizational levels. One key feature of the Cook Illinois Long Term Performance and Restricted Stock Incentive Plan is the emphasis on performance-based grants. Under this component, eligible employees have the opportunity to receive additional stock options or grants based on predetermined performance targets set by the company. These targets can be tied to various metrics such as financial performance, market share growth, or achieving strategic milestones. Restricted stock options are another vital aspect of this plan. Eligible employees may be awarded restricted stock grants that carry certain restrictions on their sale or transfer for a specified period. This encourages employees to remain dedicated and committed to the long-term success of INALCOL Enterprises, Inc., as they can directly benefit from the appreciation in stock value over time. The Cook Illinois Long Term Performance and Restricted Stock Incentive Plan aims to foster a sense of ownership and alignment between employees and the company's shareholders. It offers employees the opportunity to participate in the company's financial performance and aligns their interests with those of the organization. Overall, the Cook Illinois Long Term Performance and Restricted Stock Incentive Plan is a comprehensive and targeted program that incentivizes and rewards employees for their contributions to the long-term success of INALCOL Enterprises, Inc. It is designed to attract and retain talented individuals while aligning their performance with the strategic goals of the company.

The Cook Illinois Long Term Performance and Restricted Stock Incentive Plan is an important program offered by INALCOL Enterprises, Inc., a prominent company in the energy industry. This incentive plan provides eligible employees with the opportunity to earn additional compensation through long-term performance-based grants and restricted stock options. The Cook Illinois Long Term Performance and Restricted Stock Incentive Plan is designed to reward employees for their exceptional contributions to the company's long-term growth and success. By aligning the interests of employees with the overall objectives of INALCOL Enterprises, Inc., this plan aims to motivate and retain top talent. There are different types of Cook Illinois Long Term Performance and Restricted Stock Incentive Plans, each tailored to meet the distinct needs and goals of various employee categories within the organization. For instance, there may be specific plans for executives and top-level management, while other plans could be extended to employees at different organizational levels. One key feature of the Cook Illinois Long Term Performance and Restricted Stock Incentive Plan is the emphasis on performance-based grants. Under this component, eligible employees have the opportunity to receive additional stock options or grants based on predetermined performance targets set by the company. These targets can be tied to various metrics such as financial performance, market share growth, or achieving strategic milestones. Restricted stock options are another vital aspect of this plan. Eligible employees may be awarded restricted stock grants that carry certain restrictions on their sale or transfer for a specified period. This encourages employees to remain dedicated and committed to the long-term success of INALCOL Enterprises, Inc., as they can directly benefit from the appreciation in stock value over time. The Cook Illinois Long Term Performance and Restricted Stock Incentive Plan aims to foster a sense of ownership and alignment between employees and the company's shareholders. It offers employees the opportunity to participate in the company's financial performance and aligns their interests with those of the organization. Overall, the Cook Illinois Long Term Performance and Restricted Stock Incentive Plan is a comprehensive and targeted program that incentivizes and rewards employees for their contributions to the long-term success of INALCOL Enterprises, Inc. It is designed to attract and retain talented individuals while aligning their performance with the strategic goals of the company.