Bexar Texas Long Term Incentive Compensation Plan of A.M. Castle and Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Bexar
• Control #: US-CC-20-181
• Format: Word; Rich Text

Description

20-181 20-181 . . . Long Term Incentive Compensation Plan under which Human Resources Committee designates employees who will be participants in Plan and establishes Maximum Award Percentage with respect to each participant for each three year performance cycle. Each participant is entitled to a Performance Award if annual compounded total return (based upon stock appreciation and deemed reinvestment of dividends) on corporation common stock for that performance cycle equals or exceeds 1.5% plus annual compounded total return on common stock of Standard & Poor's 500 Industrials for such period. A participant's Performance Award for a performance cycle is amount equal to product of (a) participant's base salary multiplied by (b) his Maximum Award Percentage multiplied by (c) applicable Attainment Percentage for that performance cycle The Bexar Texas Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive program designed to reward and incentivize employees based in Bexar County, Texas. This compensation plan is tailored to attract, retain, and motivate key talent by linking their rewards to the long-term success and performance of the company. Under the Bexar Texas Long Term Incentive Compensation Plan, eligible employees are provided with various forms of compensation, primarily in the form of stock-based awards. These awards are designed to create shareholder value while aligning the employees' interests with those of the company and its investors. There are several types of Bexar Texas Long Term Incentive Compensation Plans offered by A.M. Castle and Co., each designed to cater to different employee groups or levels within the organization. These plans may include: 1. Executive Level Incentive Plan: This plan is typically offered to high-level executives, including the CEO, CFO, and other top management personnel. It may include stock options, performance shares, restricted stock units, or other equity-based incentives. The goal is to align executives' performance and long-term objectives with the company's financial success. 2. Director Level Incentive Plan: This plan targets directors and senior management professionals. It may include similar stock-based awards as the executive level plan, although the magnitude of the awards might vary depending on the position and responsibilities. 3. Employee Stock Purchase Plan (ESPN): The ESPN is a plan open to all employees, allowing them to purchase company stock at a discounted price. This plan encourages employees to become shareholders, fostering a sense of ownership and alignment with the company's performance and growth. 4. Performance-Based Bonuses: In addition to equity-based incentives, A.M. Castle and Co. may offer performance-based bonuses tied to individual, team, or company-wide goals. These bonuses are designed to reward exceptional performance and motivate employees to strive towards achieving set objectives. The Bexar Texas Long Term Incentive Compensation Plan is carefully designed to attract highly skilled individuals to the company, create a sense of ownership and alignment among employees, and encourage long-term loyalty. By linking rewards to the company's performance, A.M. Castle and Co. aims to drive sustainable growth and shareholder value while motivating employees to excel.

The Bexar Texas Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive program designed to reward and incentivize employees based in Bexar County, Texas. This compensation plan is tailored to attract, retain, and motivate key talent by linking their rewards to the long-term success and performance of the company. Under the Bexar Texas Long Term Incentive Compensation Plan, eligible employees are provided with various forms of compensation, primarily in the form of stock-based awards. These awards are designed to create shareholder value while aligning the employees' interests with those of the company and its investors. There are several types of Bexar Texas Long Term Incentive Compensation Plans offered by A.M. Castle and Co., each designed to cater to different employee groups or levels within the organization. These plans may include: 1. Executive Level Incentive Plan: This plan is typically offered to high-level executives, including the CEO, CFO, and other top management personnel. It may include stock options, performance shares, restricted stock units, or other equity-based incentives. The goal is to align executives' performance and long-term objectives with the company's financial success. 2. Director Level Incentive Plan: This plan targets directors and senior management professionals. It may include similar stock-based awards as the executive level plan, although the magnitude of the awards might vary depending on the position and responsibilities. 3. Employee Stock Purchase Plan (ESPN): The ESPN is a plan open to all employees, allowing them to purchase company stock at a discounted price. This plan encourages employees to become shareholders, fostering a sense of ownership and alignment with the company's performance and growth. 4. Performance-Based Bonuses: In addition to equity-based incentives, A.M. Castle and Co. may offer performance-based bonuses tied to individual, team, or company-wide goals. These bonuses are designed to reward exceptional performance and motivate employees to strive towards achieving set objectives. The Bexar Texas Long Term Incentive Compensation Plan is carefully designed to attract highly skilled individuals to the company, create a sense of ownership and alignment among employees, and encourage long-term loyalty. By linking rewards to the company's performance, A.M. Castle and Co. aims to drive sustainable growth and shareholder value while motivating employees to excel.