Maricopa Arizona Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Maricopa
• 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 Maricopa Arizona Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program designed to motivate and reward employees of INALCOL Enterprises based in Maricopa, Arizona. This plan offers two types of incentives: Long Term Performance Stock Awards and Restricted Stock Units (RSS). 1. Long Term Performance Stock Awards: The Long Term Performance Stock Awards are an integral component of the Maricopa Arizona Long Term Performance and Restricted Stock Incentive Plan. These awards are designed to align employee interests with the long-term success and growth of INALCOL Enterprises. Employees who meet predetermined performance goals over a specified period are eligible to receive these stock awards. These awards provide employees with an opportunity to acquire shares of INALCOL Enterprises’ stock at a predetermined price, often lower than the market value. This not only serves as a valuable incentive for employees but also fosters a sense of ownership and commitment, as the value of their stock increases with the company's performance. 2. Restricted Stock Units: The Restricted Stock Units (RSS) are another component of the Maricopa Arizona Long Term Performance and Restricted Stock Incentive Plan. RSS represents the right to receive shares of INALCOL Enterprises' stock in the future, subject to certain vesting conditions. RSS are granted to employees as a performance-based incentive to encourage their long-term commitment and dedication to the company's success. Unlike stock options, RSS do not require employees to purchase shares; instead, the RSS transform into actual company stock over time, usually after a predetermined vesting period. This allows employees to share in the success of INALCOL Enterprises without investing their own capital upfront. The Maricopa Arizona Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. serves as a powerful tool to attract, retain, and motivate talented employees in Maricopa, Arizona. Through the plan's various incentives such as Long Term Performance Stock Awards and Restricted Stock Units, employees are rewarded for their contributions and given an opportunity to participate in the company's growth and success. These incentives not only align the interests of employees and shareholders but also promote a culture of ownership and accountability within INALCOL Enterprises.

The Maricopa Arizona Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program designed to motivate and reward employees of INALCOL Enterprises based in Maricopa, Arizona. This plan offers two types of incentives: Long Term Performance Stock Awards and Restricted Stock Units (RSS). 1. Long Term Performance Stock Awards: The Long Term Performance Stock Awards are an integral component of the Maricopa Arizona Long Term Performance and Restricted Stock Incentive Plan. These awards are designed to align employee interests with the long-term success and growth of INALCOL Enterprises. Employees who meet predetermined performance goals over a specified period are eligible to receive these stock awards. These awards provide employees with an opportunity to acquire shares of INALCOL Enterprises’ stock at a predetermined price, often lower than the market value. This not only serves as a valuable incentive for employees but also fosters a sense of ownership and commitment, as the value of their stock increases with the company's performance. 2. Restricted Stock Units: The Restricted Stock Units (RSS) are another component of the Maricopa Arizona Long Term Performance and Restricted Stock Incentive Plan. RSS represents the right to receive shares of INALCOL Enterprises' stock in the future, subject to certain vesting conditions. RSS are granted to employees as a performance-based incentive to encourage their long-term commitment and dedication to the company's success. Unlike stock options, RSS do not require employees to purchase shares; instead, the RSS transform into actual company stock over time, usually after a predetermined vesting period. This allows employees to share in the success of INALCOL Enterprises without investing their own capital upfront. The Maricopa Arizona Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. serves as a powerful tool to attract, retain, and motivate talented employees in Maricopa, Arizona. Through the plan's various incentives such as Long Term Performance Stock Awards and Restricted Stock Units, employees are rewarded for their contributions and given an opportunity to participate in the company's growth and success. These incentives not only align the interests of employees and shareholders but also promote a culture of ownership and accountability within INALCOL Enterprises.