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

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Collin
• 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 Collin Texas Long-Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive program designed to reward and incentivize key employees in the company for their long-term commitment, exceptional performance, and contribution to the company's success. This plan aims to align the interests of these employees with the shareholders and promote the achievement of long-term goals and objectives. The Collin Texas Long-Term Incentive Compensation Plan offers various types of incentives to eligible employees, which include: 1. Stock Options: This plan provides eligible employees with the opportunity to purchase company stock at a specified price, known as the exercise price, within a defined timeframe. The stock options serve as a motivating tool, as the employees can benefit from the potential increase in the company's stock value over time. 2. Restricted Stock Units (RSS): RSS grant eligible employees a specific number of shares of company stock, which vest over a predetermined period, subject to certain conditions. Once the restrictions are lifted, the employees become the rightful owners of the vested shares, providing them with a potential financial gain. 3. Performance Shares: Performance shares are awarded to eligible employees based on the achievement of specific performance goals and objectives. These goals may include financial targets, revenue growth, market share, or other metrics directly related to the company's success. As the performance targets are met, employees receive a predetermined number of shares, fostering a sense of ownership and responsibility in driving organizational performance. 4. Cash Incentive Awards: In addition to stock-based incentives, eligible employees may also receive cash awards based on predetermined performance metrics, individual goals, or a combination of both. These awards are typically tied to the achievement of specific company objectives and are intended to recognize and reward exceptional performance. The Collin Texas Long-Term Incentive Compensation Plan of A.M. Castle and Co. is designed to attract, retain, and motivate top talent within the company, aligning their efforts with the long-term success of the organization and the interests of its shareholders. Through a combination of stock options, restricted stock units, performance shares, and cash awards, this comprehensive plan aims to create a culture of high performance, accountability, and ownership among key employees. Keywords: Collin Texas, Long-Term Incentive Compensation Plan, A.M. Castle and Co., stock options, restricted stock units, RSS, performance shares, cash incentive awards, employee rewards, employee retention, high performance, ownership culture, long-term goals, organizational success.

The Collin Texas Long-Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive program designed to reward and incentivize key employees in the company for their long-term commitment, exceptional performance, and contribution to the company's success. This plan aims to align the interests of these employees with the shareholders and promote the achievement of long-term goals and objectives. The Collin Texas Long-Term Incentive Compensation Plan offers various types of incentives to eligible employees, which include: 1. Stock Options: This plan provides eligible employees with the opportunity to purchase company stock at a specified price, known as the exercise price, within a defined timeframe. The stock options serve as a motivating tool, as the employees can benefit from the potential increase in the company's stock value over time. 2. Restricted Stock Units (RSS): RSS grant eligible employees a specific number of shares of company stock, which vest over a predetermined period, subject to certain conditions. Once the restrictions are lifted, the employees become the rightful owners of the vested shares, providing them with a potential financial gain. 3. Performance Shares: Performance shares are awarded to eligible employees based on the achievement of specific performance goals and objectives. These goals may include financial targets, revenue growth, market share, or other metrics directly related to the company's success. As the performance targets are met, employees receive a predetermined number of shares, fostering a sense of ownership and responsibility in driving organizational performance. 4. Cash Incentive Awards: In addition to stock-based incentives, eligible employees may also receive cash awards based on predetermined performance metrics, individual goals, or a combination of both. These awards are typically tied to the achievement of specific company objectives and are intended to recognize and reward exceptional performance. The Collin Texas Long-Term Incentive Compensation Plan of A.M. Castle and Co. is designed to attract, retain, and motivate top talent within the company, aligning their efforts with the long-term success of the organization and the interests of its shareholders. Through a combination of stock options, restricted stock units, performance shares, and cash awards, this comprehensive plan aims to create a culture of high performance, accountability, and ownership among key employees. Keywords: Collin Texas, Long-Term Incentive Compensation Plan, A.M. Castle and Co., stock options, restricted stock units, RSS, performance shares, cash incentive awards, employee rewards, employee retention, high performance, ownership culture, long-term goals, organizational success.