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

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Pima
• 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 Lima Arizona Long Term Performance and Restricted Stock Incentive Plan is a comprehensive employee compensation program offered by INALCOL Enterprises, Inc., a leading energy company operating in the Lima, Arizona region. This plan aims to motivate and retain talented employees by providing long-term incentives tied to the company's performance and offering stock-based rewards. Under the Lima Arizona Long Term Performance and Restricted Stock Incentive Plan, eligible employees have the opportunity to earn additional compensation through various performance-based metrics. These metrics typically include financial objectives such as revenue growth, earnings per share, and return on investment. By linking compensation to these key performance indicators, INALCOL Enterprises seeks to align employee interests with the company's overall success. In addition to performance-based rewards, this plan also includes a restricted stock component. Restricted stock grants are essentially shares of company stock awarded to employees that come with certain restrictions. These restrictions can include a vesting period or performance milestones that must be met before the stock becomes fully transferable or tradable. The purpose of restricted stock is to further align employee interests with company performance and encourage long-term commitment and loyalty. The Lima Arizona Long Term Performance and Restricted Stock Incentive Plan has different types or tiers to cater to employees at various levels within the organization. These types may include executive-level plans, management plans, and employee plans. Each tier is designed to offer incentives and rewards appropriate to the level of responsibility and contribution an employee makes to the company's success. Within each type of plan, employees may have different eligibility criteria, vesting schedules, and allocation methodologies. These factors are typically dependent on factors such as job role, performance history, and tenure within the organization. The flexibility within the plan allows INALCOL Enterprises to tailor rewards to individual employees while ensuring fairness and alignment with corporate objectives. Overall, the Lima Arizona Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. serves as a powerful tool to attract, motivate, and retain talented individuals within the organization. By linking employee compensation to company performance and offering stock-based rewards, this plan helps foster a collaborative and growth-oriented culture while driving long-term value for both employees and shareholders.

The Lima Arizona Long Term Performance and Restricted Stock Incentive Plan is a comprehensive employee compensation program offered by INALCOL Enterprises, Inc., a leading energy company operating in the Lima, Arizona region. This plan aims to motivate and retain talented employees by providing long-term incentives tied to the company's performance and offering stock-based rewards. Under the Lima Arizona Long Term Performance and Restricted Stock Incentive Plan, eligible employees have the opportunity to earn additional compensation through various performance-based metrics. These metrics typically include financial objectives such as revenue growth, earnings per share, and return on investment. By linking compensation to these key performance indicators, INALCOL Enterprises seeks to align employee interests with the company's overall success. In addition to performance-based rewards, this plan also includes a restricted stock component. Restricted stock grants are essentially shares of company stock awarded to employees that come with certain restrictions. These restrictions can include a vesting period or performance milestones that must be met before the stock becomes fully transferable or tradable. The purpose of restricted stock is to further align employee interests with company performance and encourage long-term commitment and loyalty. The Lima Arizona Long Term Performance and Restricted Stock Incentive Plan has different types or tiers to cater to employees at various levels within the organization. These types may include executive-level plans, management plans, and employee plans. Each tier is designed to offer incentives and rewards appropriate to the level of responsibility and contribution an employee makes to the company's success. Within each type of plan, employees may have different eligibility criteria, vesting schedules, and allocation methodologies. These factors are typically dependent on factors such as job role, performance history, and tenure within the organization. The flexibility within the plan allows INALCOL Enterprises to tailor rewards to individual employees while ensuring fairness and alignment with corporate objectives. Overall, the Lima Arizona Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. serves as a powerful tool to attract, motivate, and retain talented individuals within the organization. By linking employee compensation to company performance and offering stock-based rewards, this plan helps foster a collaborative and growth-oriented culture while driving long-term value for both employees and shareholders.