Hillsborough Florida Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Hillsborough
• 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 Hillsborough Florida Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive and strategic program designed to reward and incentivize employees within the company. This plan aims to attract, retain, and motivate talented individuals by offering long-term incentives tied to the company's performance and by providing employees with a vested interest in the overall success and growth of INALCOL Enterprises, Inc. The Long Term Performance and Restricted Stock Incentive Plan encompasses different sub-plans tailored to various employee categories, ensuring fair and equitable distribution of incentives. The plan is designed to align the interests of INALCOL employees with the goals and objectives of the company, ultimately promoting long-term value creation and shareholder returns. The key features of the Hillsborough Florida Long Term Performance and Restricted Stock Incentive Plan include the granting of restricted stock units (RSS), performance-based stock options, and stock appreciation rights (SARS). These incentives are subject to predetermined vesting periods and performance criteria, ensuring that employees are rewarded based on their contributions and the sustained success of the company. Within this plan, there are various types of awards and grants available to eligible employees. These may include: 1. Restricted Stock Units (RSS): RSS represent a promise to deliver shares of INALCOL Enterprises, Inc. stock to employees at a future date, subject to specific vesting conditions. These units serve as a valuable attraction and retention tool for top performers, as they provide a sense of ownership and the potential for future financial gains. 2. Performance-Based Stock Options: This type of incentive offers employees the opportunity to purchase INALCOL stock at a predetermined price, contingent upon the achievement of specific performance targets. Performance-based stock options motivate employees to strive for exceptional results and bolster the overall performance of the company. 3. Stock Appreciation Rights (SARS): SARS provide employees with the right to receive the appreciation in the value of INALCOL stock over a specified period. This plan is an effective way to align employees' interests with shareholders, as employees directly benefit from increases in stock value. SARS can be an attractive reward for employees who contribute to the company's long-term growth and success. By implementing the Hillsborough Florida Long Term Performance and Restricted Stock Incentive Plan, INALCOL Enterprises, Inc. demonstrates its commitment to recognizing and rewarding high-performing employees, aligning their interests with the company's strategic objectives. This comprehensive plan fosters a culture of ownership, motivation, and dedication, driving the long-term success and profitability of INALCOL Enterprises, Inc.

The Hillsborough Florida Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive and strategic program designed to reward and incentivize employees within the company. This plan aims to attract, retain, and motivate talented individuals by offering long-term incentives tied to the company's performance and by providing employees with a vested interest in the overall success and growth of INALCOL Enterprises, Inc. The Long Term Performance and Restricted Stock Incentive Plan encompasses different sub-plans tailored to various employee categories, ensuring fair and equitable distribution of incentives. The plan is designed to align the interests of INALCOL employees with the goals and objectives of the company, ultimately promoting long-term value creation and shareholder returns. The key features of the Hillsborough Florida Long Term Performance and Restricted Stock Incentive Plan include the granting of restricted stock units (RSS), performance-based stock options, and stock appreciation rights (SARS). These incentives are subject to predetermined vesting periods and performance criteria, ensuring that employees are rewarded based on their contributions and the sustained success of the company. Within this plan, there are various types of awards and grants available to eligible employees. These may include: 1. Restricted Stock Units (RSS): RSS represent a promise to deliver shares of INALCOL Enterprises, Inc. stock to employees at a future date, subject to specific vesting conditions. These units serve as a valuable attraction and retention tool for top performers, as they provide a sense of ownership and the potential for future financial gains. 2. Performance-Based Stock Options: This type of incentive offers employees the opportunity to purchase INALCOL stock at a predetermined price, contingent upon the achievement of specific performance targets. Performance-based stock options motivate employees to strive for exceptional results and bolster the overall performance of the company. 3. Stock Appreciation Rights (SARS): SARS provide employees with the right to receive the appreciation in the value of INALCOL stock over a specified period. This plan is an effective way to align employees' interests with shareholders, as employees directly benefit from increases in stock value. SARS can be an attractive reward for employees who contribute to the company's long-term growth and success. By implementing the Hillsborough Florida Long Term Performance and Restricted Stock Incentive Plan, INALCOL Enterprises, Inc. demonstrates its commitment to recognizing and rewarding high-performing employees, aligning their interests with the company's strategic objectives. This comprehensive plan fosters a culture of ownership, motivation, and dedication, driving the long-term success and profitability of INALCOL Enterprises, Inc.