Cuyahoga Ohio Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Cuyahoga
• 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 Cuyahoga Ohio Long Term Performance and Restricted Stock Incentive Plan is a comprehensive employee benefit plan offered by INALCOL Enterprises, Inc., a leading company based in Cuyahoga, Ohio. This plan is carefully designed to incentivize and reward long-term performance and commitment from its employees, ensuring their loyalty and contribution to the company's growth and success. Under this plan, eligible employees of INALCOL Enterprises, Inc. are granted restricted stock units (RSS) as a form of long-term incentive compensation. RSS are non-transferable units that represent a specific number of shares of the company's stock. However, these shares are subject to certain restrictions, such as vesting schedules or performance goals that must be achieved. The Cuyahoga Ohio Long Term Performance and Restricted Stock Incentive Plan offer two main types of incentives: 1. Long Term Performance Incentives: This category of incentives aims to reward employees based on the company's overall performance and their individual contributions to its success. The plan sets specific financial or operational goals, which, when achieved, trigger the vesting of the RSS. It aligns the interests of employees with the company's long-term objectives, fostering a sense of ownership and commitment. 2. Restricted Stock Incentives: This type of incentive is designed to motivate employees to stay with the company for an extended period. The RSS granted have specific vesting schedules, meaning they cannot be immediately sold or transferred. Employees must remain employed with the company for a specified period before they can fully own and exercise their rights to the shares. The Cuyahoga Ohio Long Term Performance and Restricted Stock Incentive Plan demonstrates INALCOL Enterprises, Inc.'s commitment to recognizing its employees' valuable contributions and promoting their professional development. By providing incentives tied to long-term goals and a sense of ownership, the plan encourages employees to perform at their best while fostering loyalty and a long-term commitment to the organization. Overall, the Cuyahoga Ohio Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. serves as a means to attract, retain, and motivate top talent in the highly competitive Cuyahoga, Ohio market. By combining long-term performance incentives with restricted stock benefits, the company ensures its employees remain dedicated to achieving and surpassing corporate objectives, fostering growth and stability for both the organization and its workforce.

The Cuyahoga Ohio Long Term Performance and Restricted Stock Incentive Plan is a comprehensive employee benefit plan offered by INALCOL Enterprises, Inc., a leading company based in Cuyahoga, Ohio. This plan is carefully designed to incentivize and reward long-term performance and commitment from its employees, ensuring their loyalty and contribution to the company's growth and success. Under this plan, eligible employees of INALCOL Enterprises, Inc. are granted restricted stock units (RSS) as a form of long-term incentive compensation. RSS are non-transferable units that represent a specific number of shares of the company's stock. However, these shares are subject to certain restrictions, such as vesting schedules or performance goals that must be achieved. The Cuyahoga Ohio Long Term Performance and Restricted Stock Incentive Plan offer two main types of incentives: 1. Long Term Performance Incentives: This category of incentives aims to reward employees based on the company's overall performance and their individual contributions to its success. The plan sets specific financial or operational goals, which, when achieved, trigger the vesting of the RSS. It aligns the interests of employees with the company's long-term objectives, fostering a sense of ownership and commitment. 2. Restricted Stock Incentives: This type of incentive is designed to motivate employees to stay with the company for an extended period. The RSS granted have specific vesting schedules, meaning they cannot be immediately sold or transferred. Employees must remain employed with the company for a specified period before they can fully own and exercise their rights to the shares. The Cuyahoga Ohio Long Term Performance and Restricted Stock Incentive Plan demonstrates INALCOL Enterprises, Inc.'s commitment to recognizing its employees' valuable contributions and promoting their professional development. By providing incentives tied to long-term goals and a sense of ownership, the plan encourages employees to perform at their best while fostering loyalty and a long-term commitment to the organization. Overall, the Cuyahoga Ohio Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. serves as a means to attract, retain, and motivate top talent in the highly competitive Cuyahoga, Ohio market. By combining long-term performance incentives with restricted stock benefits, the company ensures its employees remain dedicated to achieving and surpassing corporate objectives, fostering growth and stability for both the organization and its workforce.