Wayne Michigan Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Wayne
• 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 Wayne Michigan Long Term Performance and Restricted Stock Incentive Plan is a key component of the compensation package offered by INALCOL Enterprises, Inc., a prominent company based in Wayne, Michigan. This executive compensation plan is designed to incentivize top-performing employees and align their interests with the long-term success of the company. By offering a combination of stock-based rewards and performance-based incentives, INALCOL aims to attract, retain, and motivate talented professionals to drive the company's growth. Under this plan, eligible employees have the opportunity to receive both restricted stock awards and performance-based stock units. Restricted stock awards are grants of company shares that are subject to specific conditions, such as a required holding period or the achievement of certain performance goals. This encourages employees to remain committed to the company and contribute to its success in the long run. In addition to restricted stock awards, INALCOL's plan also includes performance-based stock units. These units are linked to predetermined performance measures, such as financial targets or operational objectives. When these goals are met, employees receive additional shares or cash equivalents, further highlighting their contributions to the company's performance. The Wayne Michigan Long Term Performance and Restricted Stock Incentive Plan at INALCOL Enterprises, Inc. offers several variations tailored to different employee groups. These variations may include executive-level plans, management plans, or plans for specific teams within the organization. Each variation of the plan is designed to align with the unique responsibilities, goals, and performance metrics of the respective employee group. Overall, the Wayne Michigan Long Term Performance and Restricted Stock Incentive Plan is a comprehensive compensation program that rewards top-performing employees, fosters a long-term perspective, and motivates individuals to contribute to the growth and success of INALCOL Enterprises, Inc. This plan not only attracts talented professionals to the organization but also helps retain them by offering a stake in the company's future success.

The Wayne Michigan Long Term Performance and Restricted Stock Incentive Plan is a key component of the compensation package offered by INALCOL Enterprises, Inc., a prominent company based in Wayne, Michigan. This executive compensation plan is designed to incentivize top-performing employees and align their interests with the long-term success of the company. By offering a combination of stock-based rewards and performance-based incentives, INALCOL aims to attract, retain, and motivate talented professionals to drive the company's growth. Under this plan, eligible employees have the opportunity to receive both restricted stock awards and performance-based stock units. Restricted stock awards are grants of company shares that are subject to specific conditions, such as a required holding period or the achievement of certain performance goals. This encourages employees to remain committed to the company and contribute to its success in the long run. In addition to restricted stock awards, INALCOL's plan also includes performance-based stock units. These units are linked to predetermined performance measures, such as financial targets or operational objectives. When these goals are met, employees receive additional shares or cash equivalents, further highlighting their contributions to the company's performance. The Wayne Michigan Long Term Performance and Restricted Stock Incentive Plan at INALCOL Enterprises, Inc. offers several variations tailored to different employee groups. These variations may include executive-level plans, management plans, or plans for specific teams within the organization. Each variation of the plan is designed to align with the unique responsibilities, goals, and performance metrics of the respective employee group. Overall, the Wayne Michigan Long Term Performance and Restricted Stock Incentive Plan is a comprehensive compensation program that rewards top-performing employees, fosters a long-term perspective, and motivates individuals to contribute to the growth and success of INALCOL Enterprises, Inc. This plan not only attracts talented professionals to the organization but also helps retain them by offering a stake in the company's future success.