Mecklenburg North Carolina Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Mecklenburg
• 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 Mecklenburg North Carolina Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program created to incentivize and reward employees for their long-term contributions to the company's success. This Plan offers various types of incentives to eligible employees, providing them with opportunities to acquire and hold company stock, as well as benefitting from its performance. One type of incentive offered under this Plan is the restricted stock unit (RSU) award. RSS grant eligible employees a certain number of units of the company's stock. These units typically vest over a specific period, during which the employees have the right to acquire and hold company stock. RSS help align the interests of employees with those of the company and ensure that employees are stakeholders in the company's long-term success. Another type of incentive available in the Mecklenburg North Carolina Long Term Performance and Restricted Stock Incentive Plan is the performance-based stock option. Performance stock options provide employees the right to purchase company stock at a predetermined price upon achieving certain performance targets, such as meeting specific financial goals or outperforming industry benchmarks. Performance criteria are established by the company to ensure that stock options are awarded based on successful performance outcomes. The Mecklenburg North Carolina Long Term Performance and Restricted Stock Incentive Plan aims to motivate and retain high-performing employees by offering a combination of restricted stock units, performance stock options, and other performance-driven incentives. By linking compensation to the long-term success and growth of the company, the Plan encourages employees to focus on delivering sustainable results and actively participating in the company's strategic objectives. Employees who participate in this Plan must meet eligibility criteria and are typically required to remain with the company for a specified period to fully benefit from the stock incentives offered. Vesting periods, exercise conditions, and other relevant terms are determined by the company and detailed in the Plan's provisions. In conclusion, the Mecklenburg North Carolina Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. provides a comprehensive framework for rewarding and retaining talented employees. By combining restricted stock units and performance-based stock options, the Plan aligns employee incentives with the long-term success of the company, fostering a culture of performance and shared ownership.

The Mecklenburg North Carolina Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program created to incentivize and reward employees for their long-term contributions to the company's success. This Plan offers various types of incentives to eligible employees, providing them with opportunities to acquire and hold company stock, as well as benefitting from its performance. One type of incentive offered under this Plan is the restricted stock unit (RSU) award. RSS grant eligible employees a certain number of units of the company's stock. These units typically vest over a specific period, during which the employees have the right to acquire and hold company stock. RSS help align the interests of employees with those of the company and ensure that employees are stakeholders in the company's long-term success. Another type of incentive available in the Mecklenburg North Carolina Long Term Performance and Restricted Stock Incentive Plan is the performance-based stock option. Performance stock options provide employees the right to purchase company stock at a predetermined price upon achieving certain performance targets, such as meeting specific financial goals or outperforming industry benchmarks. Performance criteria are established by the company to ensure that stock options are awarded based on successful performance outcomes. The Mecklenburg North Carolina Long Term Performance and Restricted Stock Incentive Plan aims to motivate and retain high-performing employees by offering a combination of restricted stock units, performance stock options, and other performance-driven incentives. By linking compensation to the long-term success and growth of the company, the Plan encourages employees to focus on delivering sustainable results and actively participating in the company's strategic objectives. Employees who participate in this Plan must meet eligibility criteria and are typically required to remain with the company for a specified period to fully benefit from the stock incentives offered. Vesting periods, exercise conditions, and other relevant terms are determined by the company and detailed in the Plan's provisions. In conclusion, the Mecklenburg North Carolina Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. provides a comprehensive framework for rewarding and retaining talented employees. By combining restricted stock units and performance-based stock options, the Plan aligns employee incentives with the long-term success of the company, fostering a culture of performance and shared ownership.