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

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Franklin
• 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 Franklin Ohio Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive program designed to reward and retain talented employees within the organization. This plan offers various types of incentives that align with long-term goals and performance milestones. One type of the Franklin Ohio Long Term Performance and Restricted Stock Incentive Plan is the "Performance Stock Units" (Plus) component. Plus are granted to eligible employees based on their individual performance as well as the overall performance of the company. These units represent a promise of future stock issuance, subject to specific vesting conditions and performance goals. Another component of the plan is the "Restricted Stock Units" (RSS) feature. RSS are awarded to selected employees, providing them with the right to receive a predetermined number of company shares at a future date. The vesting of RSS typically occurs over a specified period, ensuring that employees remain engaged and motivated to contribute to the long-term success of INALCOL Enterprises, Inc. Additionally, the Franklin Ohio Long Term Performance and Restricted Stock Incentive Plan may also incorporate a "Performance Cash Incentive" component. This feature offers employees the opportunity to earn cash bonuses based on predetermined performance metrics and goals. These incentives encourage employees to consistently strive for excellence in their work and contribute to the overall growth and profitability of the company. To participate in this plan, eligible employees must meet certain criteria, which may include job performance evaluations, length of service, and level of responsibility within the organization. The plan aims to reward and retain high-performing employees, fostering a culture of excellence and dedication within INALCOL Enterprises, Inc. Keywords: Franklin Ohio, Long Term Performance, Restricted Stock Incentive Plan, INALCOL Enterprises Inc., Performance Stock Units, Plus, Restricted Stock Units, RSS, Performance Cash Incentive, employee retention, stock issuance, vesting conditions, performance goals, cash bonuses, job performance evaluations.

The Franklin Ohio Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive program designed to reward and retain talented employees within the organization. This plan offers various types of incentives that align with long-term goals and performance milestones. One type of the Franklin Ohio Long Term Performance and Restricted Stock Incentive Plan is the "Performance Stock Units" (Plus) component. Plus are granted to eligible employees based on their individual performance as well as the overall performance of the company. These units represent a promise of future stock issuance, subject to specific vesting conditions and performance goals. Another component of the plan is the "Restricted Stock Units" (RSS) feature. RSS are awarded to selected employees, providing them with the right to receive a predetermined number of company shares at a future date. The vesting of RSS typically occurs over a specified period, ensuring that employees remain engaged and motivated to contribute to the long-term success of INALCOL Enterprises, Inc. Additionally, the Franklin Ohio Long Term Performance and Restricted Stock Incentive Plan may also incorporate a "Performance Cash Incentive" component. This feature offers employees the opportunity to earn cash bonuses based on predetermined performance metrics and goals. These incentives encourage employees to consistently strive for excellence in their work and contribute to the overall growth and profitability of the company. To participate in this plan, eligible employees must meet certain criteria, which may include job performance evaluations, length of service, and level of responsibility within the organization. The plan aims to reward and retain high-performing employees, fostering a culture of excellence and dedication within INALCOL Enterprises, Inc. Keywords: Franklin Ohio, Long Term Performance, Restricted Stock Incentive Plan, INALCOL Enterprises Inc., Performance Stock Units, Plus, Restricted Stock Units, RSS, Performance Cash Incentive, employee retention, stock issuance, vesting conditions, performance goals, cash bonuses, job performance evaluations.