Bronx New York Long Term Incentive Compensation Plan of A.M. Castle and Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Bronx
• 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 Bronx New York Long Term Incentive Compensation Plans of A.M. Castle and Co. are comprehensive incentive programs designed to reward and retain talented employees with a focus on long-term performance and results. These plans are specifically tailored to motivate employees based in the Bronx, New York area and are vital components of the company's overall compensation and benefits package. The key objective of the Bronx New York Long Term Incentive Compensation Plan is twofold: to align employee efforts and actions with the company's strategic goals and to provide employees with meaningful financial incentives for their contributions to the organization's success. By incorporating a long-term perspective, these plans encourage employees to think and act in ways that create sustained value for both the company and themselves. The Bronx New York Long Term Incentive Compensation Plan encompasses several types of incentives, each designed to address different aspects of employee performance and retention. These include: 1. Performance-Based Bonuses: The plan includes performance-based bonuses linked to individual and/or team achievements, such as meeting project milestones, surpassing sales targets, or driving operational efficiencies. These bonuses are directly tied to quantifiable performance metrics and are awarded on a periodic basis, motivating employees to consistently strive for excellence. 2. Stock Options: A.M. Castle and Co. may also offer stock options to eligible employees in the Bronx, New York area. These options provide employees with the right to purchase company shares at a predetermined price within a specified time frame. Stock options not only offer the potential for financial gain but also foster a sense of ownership and commitment among employees. 3. Restricted Stock Units (RSS): RSS represent another form of long-term incentive compensation offered by the company. Under this plan, eligible employees are granted a promised number of shares or cash equivalent based on their tenure, performance, or a combination of both. The RSS typically vest over a specified period, providing employees with a tangible, long-term stake in the company's success. 4. Performance Share Units (Plus): Plus are performance-based incentives that grant eligible employees a specific number of shares based on the achievement of pre-established performance targets. These targets can include financial goals, operational milestones, or strategic objectives. Plus are often subject to vesting conditions, further driving employee commitment and alignment with overall company goals. The Bronx New York Long Term Incentive Compensation Plan of A.M. Castle and Co. reflects the company's commitment to fostering a motivated and engaged workforce in the Bronx, New York area. By offering a comprehensive range of incentives, it aims to attract, retain, and reward talented employees who contribute to the long-term success and growth of the organization.

The Bronx New York Long Term Incentive Compensation Plans of A.M. Castle and Co. are comprehensive incentive programs designed to reward and retain talented employees with a focus on long-term performance and results. These plans are specifically tailored to motivate employees based in the Bronx, New York area and are vital components of the company's overall compensation and benefits package. The key objective of the Bronx New York Long Term Incentive Compensation Plan is twofold: to align employee efforts and actions with the company's strategic goals and to provide employees with meaningful financial incentives for their contributions to the organization's success. By incorporating a long-term perspective, these plans encourage employees to think and act in ways that create sustained value for both the company and themselves. The Bronx New York Long Term Incentive Compensation Plan encompasses several types of incentives, each designed to address different aspects of employee performance and retention. These include: 1. Performance-Based Bonuses: The plan includes performance-based bonuses linked to individual and/or team achievements, such as meeting project milestones, surpassing sales targets, or driving operational efficiencies. These bonuses are directly tied to quantifiable performance metrics and are awarded on a periodic basis, motivating employees to consistently strive for excellence. 2. Stock Options: A.M. Castle and Co. may also offer stock options to eligible employees in the Bronx, New York area. These options provide employees with the right to purchase company shares at a predetermined price within a specified time frame. Stock options not only offer the potential for financial gain but also foster a sense of ownership and commitment among employees. 3. Restricted Stock Units (RSS): RSS represent another form of long-term incentive compensation offered by the company. Under this plan, eligible employees are granted a promised number of shares or cash equivalent based on their tenure, performance, or a combination of both. The RSS typically vest over a specified period, providing employees with a tangible, long-term stake in the company's success. 4. Performance Share Units (Plus): Plus are performance-based incentives that grant eligible employees a specific number of shares based on the achievement of pre-established performance targets. These targets can include financial goals, operational milestones, or strategic objectives. Plus are often subject to vesting conditions, further driving employee commitment and alignment with overall company goals. The Bronx New York Long Term Incentive Compensation Plan of A.M. Castle and Co. reflects the company's commitment to fostering a motivated and engaged workforce in the Bronx, New York area. By offering a comprehensive range of incentives, it aims to attract, retain, and reward talented employees who contribute to the long-term success and growth of the organization.