Kings New York Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Kings
• 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 Kings New York Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive employee compensation program designed to attract and retain talented individuals within the organization. This plan offers various types of stock incentives and performance-based rewards to eligible employees. The main objective of the Kings New York Long Term Performance and Restricted Stock Incentive Plan is to align the interests of employees with the long-term success and value creation of INALCOL Enterprises, Inc. Through this plan, employees have the opportunity to acquire shares of the company's stock, which are subject to certain restrictions and performance-based conditions. One type of incentive offered under this plan is the restricted stock award. Restricted stock refers to shares granted to employees that are subject to specific vesting periods and conditions. These conditions are typically based on the employee's performance, the company's financial performance, or other predetermined metrics. Once the restrictions are lifted, the employee gains full ownership of the awarded shares. In addition to the restricted stock awards, the Kings New York Long Term Performance and Restricted Stock Incentive Plan also includes performance-based stock units (Plus). Plus are granted to eligible employees based on the achievement of predetermined performance goals. These goals can be tied to the company's financial performance, individual performance, or even strategic objectives. Once the goals are met, employees receive a predetermined number of shares or cash equivalent based on the value of the company's stock. The plan also offers stock options, allowing employees to purchase company stock at a predetermined price, known as the exercise price. This provides employees with the opportunity to benefit from any increase in the stock's value over time. Stock options generally have a predetermined vesting period and expiration date, incentivizing employees to remain with the company over the long term. The Kings New York Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. provides employees with a transparent and equitable structure for earning and owning company stock. By tying rewards to performance and company success, this plan encourages employees to contribute to the organization's growth and profitability. It serves as a key tool for attracting, motivating, and retaining talented individuals within the company, ultimately benefiting both the employees and the stakeholders of INALCOL Enterprises, Inc.

The Kings New York Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive employee compensation program designed to attract and retain talented individuals within the organization. This plan offers various types of stock incentives and performance-based rewards to eligible employees. The main objective of the Kings New York Long Term Performance and Restricted Stock Incentive Plan is to align the interests of employees with the long-term success and value creation of INALCOL Enterprises, Inc. Through this plan, employees have the opportunity to acquire shares of the company's stock, which are subject to certain restrictions and performance-based conditions. One type of incentive offered under this plan is the restricted stock award. Restricted stock refers to shares granted to employees that are subject to specific vesting periods and conditions. These conditions are typically based on the employee's performance, the company's financial performance, or other predetermined metrics. Once the restrictions are lifted, the employee gains full ownership of the awarded shares. In addition to the restricted stock awards, the Kings New York Long Term Performance and Restricted Stock Incentive Plan also includes performance-based stock units (Plus). Plus are granted to eligible employees based on the achievement of predetermined performance goals. These goals can be tied to the company's financial performance, individual performance, or even strategic objectives. Once the goals are met, employees receive a predetermined number of shares or cash equivalent based on the value of the company's stock. The plan also offers stock options, allowing employees to purchase company stock at a predetermined price, known as the exercise price. This provides employees with the opportunity to benefit from any increase in the stock's value over time. Stock options generally have a predetermined vesting period and expiration date, incentivizing employees to remain with the company over the long term. The Kings New York Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. provides employees with a transparent and equitable structure for earning and owning company stock. By tying rewards to performance and company success, this plan encourages employees to contribute to the organization's growth and profitability. It serves as a key tool for attracting, motivating, and retaining talented individuals within the company, ultimately benefiting both the employees and the stakeholders of INALCOL Enterprises, Inc.