Montgomery Maryland Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Montgomery
• 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 Montgomery Maryland Long Term Performance and Restricted Stock Incentive Plan is a program introduced by INALCOL Enterprises, Inc. to provide long-term incentives and rewards to its employees based in Montgomery, Maryland. This comprehensive plan aims to align the interests of employees with the company's overall performance and growth, motivating them to contribute to its long-term success. Under this plan, eligible employees are granted both restricted stock units (RSS) and performance-based equity awards. RSS represents a promise to deliver a specific number of shares of company stock to participants at a future date. Performance-based equity awards, on the other hand, are contingent on predetermined performance goals, such as revenue targets, market share growth, or other key financial metrics. These awards give employees the opportunity to acquire additional shares of company stock. The Montgomery Maryland Long Term Performance and Restricted Stock Incentive Plan is designed to ensure that employees remain committed to the company's objectives over an extended period. By utilizing a combination of RSS and performance-based equity awards, the plan motivates employees to actively contribute to the organization's long-term growth and profitability. It also aligns their individual performance with the company's overall success, fostering a culture of ownership and accountability. Moreover, this plan may have different variations or types based on specific criteria. For instance, there might be distinctions in the eligibility criteria, vesting schedules, award amounts, and performance metrics for various employee levels or departments within INALCOL Enterprises, Inc. These different types of the Montgomery Maryland Long Term Performance and Restricted Stock Incentive Plan enable the company to tailor the rewards and incentives to align with the specific roles and responsibilities of the employees involved. Overall, the Montgomery Maryland Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. serves as a robust and strategic tool that promotes employee engagement, loyalty, and long-term commitment while driving the company's growth in Montgomery, Maryland. By combining restricted stock units and performance-based equity awards, this program empowers employees to share in the organization's success and actively contribute to its sustained progress.

The Montgomery Maryland Long Term Performance and Restricted Stock Incentive Plan is a program introduced by INALCOL Enterprises, Inc. to provide long-term incentives and rewards to its employees based in Montgomery, Maryland. This comprehensive plan aims to align the interests of employees with the company's overall performance and growth, motivating them to contribute to its long-term success. Under this plan, eligible employees are granted both restricted stock units (RSS) and performance-based equity awards. RSS represents a promise to deliver a specific number of shares of company stock to participants at a future date. Performance-based equity awards, on the other hand, are contingent on predetermined performance goals, such as revenue targets, market share growth, or other key financial metrics. These awards give employees the opportunity to acquire additional shares of company stock. The Montgomery Maryland Long Term Performance and Restricted Stock Incentive Plan is designed to ensure that employees remain committed to the company's objectives over an extended period. By utilizing a combination of RSS and performance-based equity awards, the plan motivates employees to actively contribute to the organization's long-term growth and profitability. It also aligns their individual performance with the company's overall success, fostering a culture of ownership and accountability. Moreover, this plan may have different variations or types based on specific criteria. For instance, there might be distinctions in the eligibility criteria, vesting schedules, award amounts, and performance metrics for various employee levels or departments within INALCOL Enterprises, Inc. These different types of the Montgomery Maryland Long Term Performance and Restricted Stock Incentive Plan enable the company to tailor the rewards and incentives to align with the specific roles and responsibilities of the employees involved. Overall, the Montgomery Maryland Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. serves as a robust and strategic tool that promotes employee engagement, loyalty, and long-term commitment while driving the company's growth in Montgomery, Maryland. By combining restricted stock units and performance-based equity awards, this program empowers employees to share in the organization's success and actively contribute to its sustained progress.