Philadelphia Pennsylvania Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Philadelphia
• 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 Philadelphia Pennsylvania Long Term Performance and Restricted Stock Incentive Plan is a comprehensive compensation plan offered by INALCOL Enterprises, Inc. to attract and retain highly skilled employees in the Philadelphia area. This plan aims to motivate employees to achieve long-term performance goals and align their interests with the company's success. Under this plan, eligible employees are granted restricted stock units (RSS) as incentives, which are shares of the company's stock that are subject to certain restrictions. This RSS serve as a form of long-term equity compensation that offers employees the opportunity to earn additional shares of company stock over time. The Philadelphia Pennsylvania Long Term Performance and Restricted Stock Incentive Plan specifies various performance targets that employees need to meet in order to receive their restricted stock units. These targets are typically based on specific financial goals, such as revenue growth, profitability, or market share. The plan has different types or tiers, depending on the employee's position within the company. For instance, there may be separate plans for executives, senior managers, and other employees. The specifics of each plan can vary, including the number of RSS granted, vesting periods, performance targets, and any additional conditions. One of the key features of this plan is the vesting schedule, which outlines the timeline during which the RSS become fully vested or available for employees to exercise their ownership rights. Typically, vesting occurs over a period of several years, incentivizing long-term employment and fostering loyalty. Upon meeting the performance targets and satisfying the vesting requirements, employees can convert their restricted stock units into company shares. This allows them to directly benefit from the company's growth and increases in stock value. By implementing the Philadelphia Pennsylvania Long Term Performance and Restricted Stock Incentive Plan, INALCOL Enterprises, Inc. aims to attract, retain, and motivate top talent in Philadelphia. This compensation strategy aligns employees' interests with the company's long-term success, ultimately driving performance and enhancing shareholder value. In summary, the Philadelphia Pennsylvania Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation strategy that provides eligible employees with restricted stock units as incentives to achieve specific performance targets. This plan is designed to drive long-term performance, foster loyalty, and align employee interests with the company's success.

The Philadelphia Pennsylvania Long Term Performance and Restricted Stock Incentive Plan is a comprehensive compensation plan offered by INALCOL Enterprises, Inc. to attract and retain highly skilled employees in the Philadelphia area. This plan aims to motivate employees to achieve long-term performance goals and align their interests with the company's success. Under this plan, eligible employees are granted restricted stock units (RSS) as incentives, which are shares of the company's stock that are subject to certain restrictions. This RSS serve as a form of long-term equity compensation that offers employees the opportunity to earn additional shares of company stock over time. The Philadelphia Pennsylvania Long Term Performance and Restricted Stock Incentive Plan specifies various performance targets that employees need to meet in order to receive their restricted stock units. These targets are typically based on specific financial goals, such as revenue growth, profitability, or market share. The plan has different types or tiers, depending on the employee's position within the company. For instance, there may be separate plans for executives, senior managers, and other employees. The specifics of each plan can vary, including the number of RSS granted, vesting periods, performance targets, and any additional conditions. One of the key features of this plan is the vesting schedule, which outlines the timeline during which the RSS become fully vested or available for employees to exercise their ownership rights. Typically, vesting occurs over a period of several years, incentivizing long-term employment and fostering loyalty. Upon meeting the performance targets and satisfying the vesting requirements, employees can convert their restricted stock units into company shares. This allows them to directly benefit from the company's growth and increases in stock value. By implementing the Philadelphia Pennsylvania Long Term Performance and Restricted Stock Incentive Plan, INALCOL Enterprises, Inc. aims to attract, retain, and motivate top talent in Philadelphia. This compensation strategy aligns employees' interests with the company's long-term success, ultimately driving performance and enhancing shareholder value. In summary, the Philadelphia Pennsylvania Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation strategy that provides eligible employees with restricted stock units as incentives to achieve specific performance targets. This plan is designed to drive long-term performance, foster loyalty, and align employee interests with the company's success.