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

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• City: Phoenix
• 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 Phoenix Arizona Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive program designed to reward and motivate key employees with long-term incentives. This plan aims to align the interests of executives with the long-term success of the company and grant them a stake in its future growth and performance. Under the Phoenix Arizona Long Term Performance and Restricted Stock Incentive Plan, eligible participants are granted restricted stock units (RSS) and performance-based stock options (Pesos). These awards are subject to specific vesting criteria, which may include continuous service, achievement of predetermined performance goals, or a combination of both. RSS represents a commitment to provide participants with a specific number of shares of INALCOL Enterprises, Inc.'s common stock. These units are typically subject to a vesting schedule, where the stock becomes fully owned by the participant after a certain period of time or upon meeting specific performance milestones. On the other hand, Pesos offer participants the opportunity to purchase company stock at a specified price, known as the exercise or strike price, upon the achievement of predetermined performance goals. The performance goals may include financial targets such as revenue growth, profitability, or stock price appreciation. The Phoenix Arizona Long Term Performance and Restricted Stock Incentive Plan is structured to provide participants with a sense of ownership and accountability in the company's growth. By linking compensation directly to long-term performance, this plan encourages participants to focus on driving sustainable value creation and fosters a culture of shared success. It is worth mentioning that within the broader Phoenix Arizona Long Term Performance and Restricted Stock Incentive Plan, INALCOL Enterprises, Inc. may offer various types or tiers of awards depending on an employee's position or level of responsibility. These distinctions ensure that the incentives are tailored to individuals' roles and contributions within the company, enhancing the effectiveness of the overall plan. In summary, the Phoenix Arizona Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a robust program designed to reward and incentivize key employees for their long-term contributions and alignment with the company's performance objectives. Through the issuance of RSS and Pesos, participants are given the opportunity to directly benefit from the company's success and play an active role in its growth.

The Phoenix Arizona Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive program designed to reward and motivate key employees with long-term incentives. This plan aims to align the interests of executives with the long-term success of the company and grant them a stake in its future growth and performance. Under the Phoenix Arizona Long Term Performance and Restricted Stock Incentive Plan, eligible participants are granted restricted stock units (RSS) and performance-based stock options (Pesos). These awards are subject to specific vesting criteria, which may include continuous service, achievement of predetermined performance goals, or a combination of both. RSS represents a commitment to provide participants with a specific number of shares of INALCOL Enterprises, Inc.'s common stock. These units are typically subject to a vesting schedule, where the stock becomes fully owned by the participant after a certain period of time or upon meeting specific performance milestones. On the other hand, Pesos offer participants the opportunity to purchase company stock at a specified price, known as the exercise or strike price, upon the achievement of predetermined performance goals. The performance goals may include financial targets such as revenue growth, profitability, or stock price appreciation. The Phoenix Arizona Long Term Performance and Restricted Stock Incentive Plan is structured to provide participants with a sense of ownership and accountability in the company's growth. By linking compensation directly to long-term performance, this plan encourages participants to focus on driving sustainable value creation and fosters a culture of shared success. It is worth mentioning that within the broader Phoenix Arizona Long Term Performance and Restricted Stock Incentive Plan, INALCOL Enterprises, Inc. may offer various types or tiers of awards depending on an employee's position or level of responsibility. These distinctions ensure that the incentives are tailored to individuals' roles and contributions within the company, enhancing the effectiveness of the overall plan. In summary, the Phoenix Arizona Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a robust program designed to reward and incentivize key employees for their long-term contributions and alignment with the company's performance objectives. Through the issuance of RSS and Pesos, participants are given the opportunity to directly benefit from the company's success and play an active role in its growth.