Hennepin Minnesota Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Hennepin
• 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 Hennepin Minnesota Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program designed to align the interests of employees with the long-term performance and growth of the company. This plan offers participants the opportunity to receive both performance-based rewards and restricted stock grants based on their contributions towards achieving key objectives. Under this plan, employees are incentivized to go above and beyond their regular duties by linking their bonuses and stock grants to the company's overall performance. This creates a sense of ownership and motivation among participants, driving them to work towards achieving corporate goals and maximizing shareholder value. The Hennepin Minnesota Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is divided into different types to cater to the varying needs and positions within the organization. These types include: 1. Executive Level Incentive Plan: This plan is specifically designed for top-level executives and high-ranking officials within the company. It offers a higher level of performance-based rewards and restricted stock grants commensurate with their leadership roles and responsibilities. 2. Middle Management Incentive Plan: This plan targets middle managers who play a crucial role in executing company strategies and driving day-to-day operations. It provides performance-based rewards and restricted stock grants based on their ability to meet predefined performance metrics. 3. Team-based Incentive Plan: This plan focuses on promoting collaboration and teamwork among employees. It offers rewards and stock grants based on the collective performance of a team or department, encouraging employees to work together towards achieving shared goals. 4. Individual Performance Incentive Plan: This plan recognizes outstanding individual contributions to the company's success. It provides rewards and restricted stock grants based on an individual's specific achievements and performance, motivating employees to excel in their respective roles. Overall, the Hennepin Minnesota Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. aims to foster a performance-driven culture, attract and retain top talent, and align employee efforts with the company's long-term growth objectives. It is a strategic tool for motivating, rewarding, and retaining key employees while driving sustainable business growth.

The Hennepin Minnesota Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program designed to align the interests of employees with the long-term performance and growth of the company. This plan offers participants the opportunity to receive both performance-based rewards and restricted stock grants based on their contributions towards achieving key objectives. Under this plan, employees are incentivized to go above and beyond their regular duties by linking their bonuses and stock grants to the company's overall performance. This creates a sense of ownership and motivation among participants, driving them to work towards achieving corporate goals and maximizing shareholder value. The Hennepin Minnesota Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is divided into different types to cater to the varying needs and positions within the organization. These types include: 1. Executive Level Incentive Plan: This plan is specifically designed for top-level executives and high-ranking officials within the company. It offers a higher level of performance-based rewards and restricted stock grants commensurate with their leadership roles and responsibilities. 2. Middle Management Incentive Plan: This plan targets middle managers who play a crucial role in executing company strategies and driving day-to-day operations. It provides performance-based rewards and restricted stock grants based on their ability to meet predefined performance metrics. 3. Team-based Incentive Plan: This plan focuses on promoting collaboration and teamwork among employees. It offers rewards and stock grants based on the collective performance of a team or department, encouraging employees to work together towards achieving shared goals. 4. Individual Performance Incentive Plan: This plan recognizes outstanding individual contributions to the company's success. It provides rewards and restricted stock grants based on an individual's specific achievements and performance, motivating employees to excel in their respective roles. Overall, the Hennepin Minnesota Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. aims to foster a performance-driven culture, attract and retain top talent, and align employee efforts with the company's long-term growth objectives. It is a strategic tool for motivating, rewarding, and retaining key employees while driving sustainable business growth.