San Bernardino California Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: San Bernardino
• 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 Bernardino California Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive program established by the company to reward and incentivize its employees for their long-term commitment, dedication, and exceptional performance. This plan is designed to provide eligible employees with additional compensation in the form of restricted stock units (RSS) in order to align their interests with the company's long-term goals and shareholder value creation. Under the San Bernardino California Long Term Performance and Restricted Stock Incentive Plan, employees have the opportunity to earn RSS based on specific performance goals and metrics. These goals may include financial targets, revenue growth, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), stock price appreciation, or other key performance indicators (KPIs) that align with the company's business objectives. The plan is structured in a way that promotes accountability, transparency, and fairness. Employees who are enrolled in the San Bernardino California Long Term Performance and Restricted Stock Incentive Plan are typically subject to vesting requirements, which means they must meet specific time-based or performance-based conditions in order to fully own the RSS awarded to them. This ensures that employees stay committed to the company's long-term success and fosters a sense of ownership and alignment between the employees and the shareholders. Vesting schedules may vary depending on the employee's position, level, or tenure within the company. The San Bernardino California Long Term Performance and Restricted Stock Incentive Plan may consist of different types or tiers based on employee hierarchies or categories. For example, there may be separate plans for executives, senior management, mid-level managers, or general employees. These different tiers within the plan can help tailor the incentives and rewards to specific roles or levels within the organization, reflecting the varying levels of responsibility, impact, and performance expectations. Overall, the San Bernardino California Long Term Performance and Restricted Stock Incentive Plan is an essential component of INALCOL Enterprises, Inc.'s compensation strategy. It aims to attract, motivate, and retain high-performing talent by providing them with a meaningful stake in the company's long-term success. The plan's combination of performance-based criteria and restricted stock units fosters a culture of excellence and accountability within the organization, ultimately driving growth and value creation for both the company and its employees.

The San Bernardino California Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive program established by the company to reward and incentivize its employees for their long-term commitment, dedication, and exceptional performance. This plan is designed to provide eligible employees with additional compensation in the form of restricted stock units (RSS) in order to align their interests with the company's long-term goals and shareholder value creation. Under the San Bernardino California Long Term Performance and Restricted Stock Incentive Plan, employees have the opportunity to earn RSS based on specific performance goals and metrics. These goals may include financial targets, revenue growth, EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), stock price appreciation, or other key performance indicators (KPIs) that align with the company's business objectives. The plan is structured in a way that promotes accountability, transparency, and fairness. Employees who are enrolled in the San Bernardino California Long Term Performance and Restricted Stock Incentive Plan are typically subject to vesting requirements, which means they must meet specific time-based or performance-based conditions in order to fully own the RSS awarded to them. This ensures that employees stay committed to the company's long-term success and fosters a sense of ownership and alignment between the employees and the shareholders. Vesting schedules may vary depending on the employee's position, level, or tenure within the company. The San Bernardino California Long Term Performance and Restricted Stock Incentive Plan may consist of different types or tiers based on employee hierarchies or categories. For example, there may be separate plans for executives, senior management, mid-level managers, or general employees. These different tiers within the plan can help tailor the incentives and rewards to specific roles or levels within the organization, reflecting the varying levels of responsibility, impact, and performance expectations. Overall, the San Bernardino California Long Term Performance and Restricted Stock Incentive Plan is an essential component of INALCOL Enterprises, Inc.'s compensation strategy. It aims to attract, motivate, and retain high-performing talent by providing them with a meaningful stake in the company's long-term success. The plan's combination of performance-based criteria and restricted stock units fosters a culture of excellence and accountability within the organization, ultimately driving growth and value creation for both the company and its employees.