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

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• City: San Jose
• 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 Jose California Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation package designed to encourage long-term performance and provide a significant incentive for employees of the company. This plan aims to attract, motivate, and retain highly talented individuals by aligning their interests with the success and growth of INALCOL Enterprises, Inc. Under this plan, employees are granted restricted stock units (RSS) or performance shares as part of their overall compensation. These awards are subject to specific vesting requirements and performance criteria, ensuring that employees remain committed to the organization's long-term goals. The plan offers various types of long-term incentives tailored to the different roles and levels within the company. One type of award under the San Jose California Long Term Performance and Restricted Stock Incentive Plan is the RSU. RSS represents the right to receive a specified number of shares of INALCOL Enterprises, Inc.'s common stock, which are granted to employees at no cost initially. However, this RSS is subject to a vesting schedule, typically over a period of several years. This incentivizes employees to remain with the company and contribute to its long-term success. Another type of award is performance shares. Performance shares are granted based on predetermined performance goals, such as financial metrics or operational targets. Eligible employees receive a specific number of shares that vest upon achieving these pre-established milestones. This aligns employees' efforts with the company's strategic objectives, motivating them to enhance their performance and contribute to the overall growth of INALCOL Enterprises, Inc. The San Jose California Long Term Performance and Restricted Stock Incentive Plan also incorporates a variety of performance-based criteria, such as revenue growth, earnings per share, return on investment, or market share expansion. These metrics are designed to incentivize employees to focus on the company's long-term performance and ensure that rewards are granted based on measurable results. Overall, the San Jose California Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. provides a structured framework for rewarding and retaining talented individuals. By aligning employee interests with the company's long-term success, this plan creates a mutually beneficial relationship where employees are motivated to contribute their best efforts, leading to sustainable growth and increased shareholder value.

The San Jose California Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation package designed to encourage long-term performance and provide a significant incentive for employees of the company. This plan aims to attract, motivate, and retain highly talented individuals by aligning their interests with the success and growth of INALCOL Enterprises, Inc. Under this plan, employees are granted restricted stock units (RSS) or performance shares as part of their overall compensation. These awards are subject to specific vesting requirements and performance criteria, ensuring that employees remain committed to the organization's long-term goals. The plan offers various types of long-term incentives tailored to the different roles and levels within the company. One type of award under the San Jose California Long Term Performance and Restricted Stock Incentive Plan is the RSU. RSS represents the right to receive a specified number of shares of INALCOL Enterprises, Inc.'s common stock, which are granted to employees at no cost initially. However, this RSS is subject to a vesting schedule, typically over a period of several years. This incentivizes employees to remain with the company and contribute to its long-term success. Another type of award is performance shares. Performance shares are granted based on predetermined performance goals, such as financial metrics or operational targets. Eligible employees receive a specific number of shares that vest upon achieving these pre-established milestones. This aligns employees' efforts with the company's strategic objectives, motivating them to enhance their performance and contribute to the overall growth of INALCOL Enterprises, Inc. The San Jose California Long Term Performance and Restricted Stock Incentive Plan also incorporates a variety of performance-based criteria, such as revenue growth, earnings per share, return on investment, or market share expansion. These metrics are designed to incentivize employees to focus on the company's long-term performance and ensure that rewards are granted based on measurable results. Overall, the San Jose California Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. provides a structured framework for rewarding and retaining talented individuals. By aligning employee interests with the company's long-term success, this plan creates a mutually beneficial relationship where employees are motivated to contribute their best efforts, leading to sustainable growth and increased shareholder value.