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

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• City: Houston
• 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 Houston Texas Long Term Performance and Restricted Stock Incentive Plan is a program implemented by INALCOL Enterprises, Inc. to incentivize and reward employees for their long-term performance and dedication to the company. This plan offers various types of stock-based incentives to eligible employees. One type of incentive offered under the Houston Texas Long Term Performance and Restricted Stock Incentive Plan is the restricted stock award. These awards are granted to employees, subject to certain restrictions and vesting criteria, to encourage them to stay with the company and contribute to its long-term success. Restricted stock awards typically have a vesting period during which the stocks cannot be sold or transferred. The plan also includes performance-based stock options. Employees who meet specific performance targets, such as revenue growth or achieving strategic objectives, may be granted stock options. These options give employees the right to purchase company stocks at a predetermined price, known as the exercise price, within a set timeframe. Another type of award offered is the performance share unit (PSU). Performance share units are granted to employees based on the achievement of predetermined performance goals. These goals are typically tied to the company's financial performance, market share, or other key performance indicators. Once the performance goals are met, PSU scan be converted into company shares. The Houston Texas Long Term Performance and Restricted Stock Incentive Plan is designed to align the interests of employees with those of the company's long-term growth and success. By providing stock-based incentives, employees are motivated to contribute to the company's success, increase shareholder value, and enhance the overall performance of INALCOL Enterprises, Inc. It is important to note that the specific details and terms of the Houston Texas Long Term Performance and Restricted Stock Incentive Plan may vary, and employees should refer to the official plan documents for accurate information. This plan serves as an important tool for attracting and retaining talented individuals and fostering a culture of performance and achievement within INALCOL Enterprises, Inc. In conclusion, the Houston Texas Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive program that offers various stock-based incentives, including restricted stock awards, performance-based stock options, and performance share units. This plan aims to motivate and reward employees for their long-term contributions to the company's growth and success.

The Houston Texas Long Term Performance and Restricted Stock Incentive Plan is a program implemented by INALCOL Enterprises, Inc. to incentivize and reward employees for their long-term performance and dedication to the company. This plan offers various types of stock-based incentives to eligible employees. One type of incentive offered under the Houston Texas Long Term Performance and Restricted Stock Incentive Plan is the restricted stock award. These awards are granted to employees, subject to certain restrictions and vesting criteria, to encourage them to stay with the company and contribute to its long-term success. Restricted stock awards typically have a vesting period during which the stocks cannot be sold or transferred. The plan also includes performance-based stock options. Employees who meet specific performance targets, such as revenue growth or achieving strategic objectives, may be granted stock options. These options give employees the right to purchase company stocks at a predetermined price, known as the exercise price, within a set timeframe. Another type of award offered is the performance share unit (PSU). Performance share units are granted to employees based on the achievement of predetermined performance goals. These goals are typically tied to the company's financial performance, market share, or other key performance indicators. Once the performance goals are met, PSU scan be converted into company shares. The Houston Texas Long Term Performance and Restricted Stock Incentive Plan is designed to align the interests of employees with those of the company's long-term growth and success. By providing stock-based incentives, employees are motivated to contribute to the company's success, increase shareholder value, and enhance the overall performance of INALCOL Enterprises, Inc. It is important to note that the specific details and terms of the Houston Texas Long Term Performance and Restricted Stock Incentive Plan may vary, and employees should refer to the official plan documents for accurate information. This plan serves as an important tool for attracting and retaining talented individuals and fostering a culture of performance and achievement within INALCOL Enterprises, Inc. In conclusion, the Houston Texas Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive program that offers various stock-based incentives, including restricted stock awards, performance-based stock options, and performance share units. This plan aims to motivate and reward employees for their long-term contributions to the company's growth and success.