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 Oakland Michigan Long Term Performance and Restricted Stock Incentive Plan (TIP) of INALCOL Enterprises, Inc., is a comprehensive compensation strategy designed to motivate and reward key employees for their long-term commitment and contribution to the company's success. Emphasizing a combination of performance-based and restricted stock incentives, the plan offers attractive benefits to participants while aligning their interests with the company's overall objectives. Under the TIP, eligible employees have the opportunity to receive performance-based grants and restricted stock awards based on predetermined performance goals and criteria. This approach ensures that rewards are directly linked to the company's financial and operational performance, fostering a sense of ownership and accountability among participants. Performance-based grants within the TIP are typically granted in the form of stock options or stock appreciation rights (SARS), which enable employees to benefit directly from positive changes in INALCOL Enterprises' stock price over time. These grants are subject to specific vesting periods, during which participants must fulfill certain performance criteria or tenure requirements to become eligible for the full value of the grant. Restricted stock awards are another key component of the TIP. These awards grant eligible employees a specific number of shares of INALCOL Enterprises' stock, which are subject to certain restrictions, commonly in the form of a vesting schedule. This ensures that recipients maintain a retained interest in the company over an extended period, further fostering a long-term perspective and commitment to overall organizational success. The Oakland Michigan Long Term Performance and Restricted Stock Incentive Plan may include various types or levels to accommodate different employee groups or executive levels within the company. For example, there could be specific plans dedicated to executives, managers, or specific business units, allowing tailored incentives to suit their particular roles and responsibilities. In summary, the Oakland Michigan Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc., offers a comprehensive framework for motivating, retaining, and rewarding key employees. By tying compensation to performance and providing restricted stock grants, the plan aims to align participants' interests with the company's long-term success, ultimately driving sustainable growth and fostering a culture of ownership and accountability.
The Oakland Michigan Long Term Performance and Restricted Stock Incentive Plan (TIP) of INALCOL Enterprises, Inc., is a comprehensive compensation strategy designed to motivate and reward key employees for their long-term commitment and contribution to the company's success. Emphasizing a combination of performance-based and restricted stock incentives, the plan offers attractive benefits to participants while aligning their interests with the company's overall objectives. Under the TIP, eligible employees have the opportunity to receive performance-based grants and restricted stock awards based on predetermined performance goals and criteria. This approach ensures that rewards are directly linked to the company's financial and operational performance, fostering a sense of ownership and accountability among participants. Performance-based grants within the TIP are typically granted in the form of stock options or stock appreciation rights (SARS), which enable employees to benefit directly from positive changes in INALCOL Enterprises' stock price over time. These grants are subject to specific vesting periods, during which participants must fulfill certain performance criteria or tenure requirements to become eligible for the full value of the grant. Restricted stock awards are another key component of the TIP. These awards grant eligible employees a specific number of shares of INALCOL Enterprises' stock, which are subject to certain restrictions, commonly in the form of a vesting schedule. This ensures that recipients maintain a retained interest in the company over an extended period, further fostering a long-term perspective and commitment to overall organizational success. The Oakland Michigan Long Term Performance and Restricted Stock Incentive Plan may include various types or levels to accommodate different employee groups or executive levels within the company. For example, there could be specific plans dedicated to executives, managers, or specific business units, allowing tailored incentives to suit their particular roles and responsibilities. In summary, the Oakland Michigan Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc., offers a comprehensive framework for motivating, retaining, and rewarding key employees. By tying compensation to performance and providing restricted stock grants, the plan aims to align participants' interests with the company's long-term success, ultimately driving sustainable growth and fostering a culture of ownership and accountability.