San Antonio Texas Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• City: San Antonio
• 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 San Antonio Texas Long Term Performance and Restricted Stock Incentive Plan (TIP) of INALCOL Enterprises, Inc. is a comprehensive program designed to incentivize and reward key employees for their long-term contributions to the company's growth and performance. This plan aims to align the interests of employees with those of shareholders, thus fostering a culture of ownership and accountability within the organization. Through the TIP, participants are provided with the opportunity to receive long-term compensation in the form of stock options or restricted stock units (RSS). The TIP is structured to measure individual and company performance over an extended period of time, typically spanning multiple years. This ensures that rewards are based on sustained and consistent success, promoting a focus on achieving long-term goals rather than short-term gains. The plan incorporates a variety of performance metrics, including financial targets, stock price appreciation, and overall shareholder returns. The San Antonio Texas TIP provides participants with the chance to earn stock options, which grant them the right to purchase company shares at a predetermined price, commonly known as the exercise price. These options typically vest over a specified period, incentivizing employees to remain with the company and contribute to its performance over the long term. Upon vesting, participants can exercise their options, buying the company shares at the exercise price, potentially benefiting from any increase in stock value. Furthermore, the TIP may also include restricted stock units (RSS) as an alternative form of compensation. RSS represents a promise to deliver company shares to participants at a future date, subject to specific conditions and vesting periods. Unlike stock options, RSS have no exercise price, but rather, the shares are granted to participants outright after meeting the prescribed requirements. By incorporating such mechanisms, the San Antonio Texas TIP aims to align employee interests with those of shareholders while providing the flexibility to award compensation based on individual and company performance. This approach encourages long-term commitment, fosters a sense of ownership, and motivates employees to contribute to the sustained success of INALCOL Enterprises, Inc. Variants or different types of the San Antonio Texas TIP may exist, depending on specific employee roles, levels of responsibility, or intended objectives. These variations could include executive Lips, director Lips, or division-specific Lips, each tailored to meet the unique needs and goals of the individuals or groups involved. However, additional information is needed to provide specific descriptions of these variants.

The San Antonio Texas Long Term Performance and Restricted Stock Incentive Plan (TIP) of INALCOL Enterprises, Inc. is a comprehensive program designed to incentivize and reward key employees for their long-term contributions to the company's growth and performance. This plan aims to align the interests of employees with those of shareholders, thus fostering a culture of ownership and accountability within the organization. Through the TIP, participants are provided with the opportunity to receive long-term compensation in the form of stock options or restricted stock units (RSS). The TIP is structured to measure individual and company performance over an extended period of time, typically spanning multiple years. This ensures that rewards are based on sustained and consistent success, promoting a focus on achieving long-term goals rather than short-term gains. The plan incorporates a variety of performance metrics, including financial targets, stock price appreciation, and overall shareholder returns. The San Antonio Texas TIP provides participants with the chance to earn stock options, which grant them the right to purchase company shares at a predetermined price, commonly known as the exercise price. These options typically vest over a specified period, incentivizing employees to remain with the company and contribute to its performance over the long term. Upon vesting, participants can exercise their options, buying the company shares at the exercise price, potentially benefiting from any increase in stock value. Furthermore, the TIP may also include restricted stock units (RSS) as an alternative form of compensation. RSS represents a promise to deliver company shares to participants at a future date, subject to specific conditions and vesting periods. Unlike stock options, RSS have no exercise price, but rather, the shares are granted to participants outright after meeting the prescribed requirements. By incorporating such mechanisms, the San Antonio Texas TIP aims to align employee interests with those of shareholders while providing the flexibility to award compensation based on individual and company performance. This approach encourages long-term commitment, fosters a sense of ownership, and motivates employees to contribute to the sustained success of INALCOL Enterprises, Inc. Variants or different types of the San Antonio Texas TIP may exist, depending on specific employee roles, levels of responsibility, or intended objectives. These variations could include executive Lips, director Lips, or division-specific Lips, each tailored to meet the unique needs and goals of the individuals or groups involved. However, additional information is needed to provide specific descriptions of these variants.