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

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Dallas
• 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 Dallas Texas Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program designed to attract and retain top talent within the organization. With the strategic use of long-term performance incentives and restricted stock options, this plan aims to align the interests of employees and shareholders towards the long-term success of the company. The plan includes various types of incentives specifically tailored to meet the diverse needs and expectations of employees. One such type is the Long Term Performance Incentive, which rewards employees based on the company's overall performance over a specified period. The performance goals are carefully established to drive growth, productivity, and profitability, ensuring a mutually beneficial relationship between the employees and the organization. Another type offered under this plan is the Restricted Stock Incentive. This type of incentive ensures that employees have a vested interest in the long-term success of the company by granting them shares of restricted stock. These shares are subject to certain vesting schedules and may be subject to specific conditions, such as continued employment or achieving predefined performance targets. By linking the value of these shares to the company's performance, employees are incentivized to actively contribute to achieving the company's goals. The Dallas Texas Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is designed to motivate employees to contribute their best efforts towards the company's long-term growth and success. By combining performance-based incentives with restricted stock options, the plan fosters a sense of ownership and accountability among employees. Key features of the plan include competitive performance targets, transparent performance measurement criteria, and clear communication channels to ensure that employees understand the purpose and potential benefits of participating in the program. Additionally, the plan may offer flexibility in structuring the incentives to accommodate the diverse needs of different employee groups or job levels within the organization. In summary, the Dallas Texas Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program that aligns the interests of employees and shareholders towards the long-term success of the organization. By incorporating various types of incentives, the plan motivates and rewards employees for their contributions to the company's performance and growth.

The Dallas Texas Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program designed to attract and retain top talent within the organization. With the strategic use of long-term performance incentives and restricted stock options, this plan aims to align the interests of employees and shareholders towards the long-term success of the company. The plan includes various types of incentives specifically tailored to meet the diverse needs and expectations of employees. One such type is the Long Term Performance Incentive, which rewards employees based on the company's overall performance over a specified period. The performance goals are carefully established to drive growth, productivity, and profitability, ensuring a mutually beneficial relationship between the employees and the organization. Another type offered under this plan is the Restricted Stock Incentive. This type of incentive ensures that employees have a vested interest in the long-term success of the company by granting them shares of restricted stock. These shares are subject to certain vesting schedules and may be subject to specific conditions, such as continued employment or achieving predefined performance targets. By linking the value of these shares to the company's performance, employees are incentivized to actively contribute to achieving the company's goals. The Dallas Texas Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is designed to motivate employees to contribute their best efforts towards the company's long-term growth and success. By combining performance-based incentives with restricted stock options, the plan fosters a sense of ownership and accountability among employees. Key features of the plan include competitive performance targets, transparent performance measurement criteria, and clear communication channels to ensure that employees understand the purpose and potential benefits of participating in the program. Additionally, the plan may offer flexibility in structuring the incentives to accommodate the diverse needs of different employee groups or job levels within the organization. In summary, the Dallas Texas Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program that aligns the interests of employees and shareholders towards the long-term success of the organization. By incorporating various types of incentives, the plan motivates and rewards employees for their contributions to the company's performance and growth.