Cuyahoga Ohio Long Term Incentive Compensation Plan of A.M. Castle and Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Cuyahoga
• 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 Cuyahoga Ohio Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive program designed to attract and retain talented employees by providing them with long-term incentives that align their interests with the company's growth and success. This plan offers various types of incentives based on specific performance metrics and goals achieved by the employees. One type of Cuyahoga Ohio Long Term Incentive Compensation Plan is the Performance Share Unit (PSU) plan. Under this plan, eligible employees receive a grant of performance share units, which represent a right to receive a certain number of shares of A.M. Castle and Co. stock at a future date. The number of shares earned is determined by the achievement of predetermined performance goals over a specified performance period. Another type is the Restricted Share Unit (RSU) plan. In this plan, eligible employees receive a grant of restricted share units, which also represent the right to receive a certain number of shares of the company's stock at a future date. However, the shares granted under this plan are subject to certain restrictions, such as vesting requirements or performance conditions, which must be met to receive the shares. The Cuyahoga Ohio Long Term Incentive Compensation Plan also includes a Stock Option plan. Under this plan, eligible employees are granted the right to purchase a specified number of shares of the company's stock at a predetermined price, known as the exercise price, over a specified period. The exercise price is usually set at the fair market value of the stock on the date of grant, providing employees with the opportunity to benefit from any increase in the company's stock price over time. In addition to these plans, the Cuyahoga Ohio Long Term Incentive Compensation Plan may also offer other types of incentives, such as cash bonuses or performance-based cash awards. These incentives are typically tied to the achievement of specific financial or operational goals set by the company. Overall, the Cuyahoga Ohio Long Term Incentive Compensation Plan of A.M. Castle and Co. aims to motivate and reward employees for their individual and collective contributions to the company's long-term growth and success. Through a combination of stock-based incentives, cash awards, and performance-based metrics, the plan encourages employees to strive for excellence and aligns their interests with those of the company.

The Cuyahoga Ohio Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive program designed to attract and retain talented employees by providing them with long-term incentives that align their interests with the company's growth and success. This plan offers various types of incentives based on specific performance metrics and goals achieved by the employees. One type of Cuyahoga Ohio Long Term Incentive Compensation Plan is the Performance Share Unit (PSU) plan. Under this plan, eligible employees receive a grant of performance share units, which represent a right to receive a certain number of shares of A.M. Castle and Co. stock at a future date. The number of shares earned is determined by the achievement of predetermined performance goals over a specified performance period. Another type is the Restricted Share Unit (RSU) plan. In this plan, eligible employees receive a grant of restricted share units, which also represent the right to receive a certain number of shares of the company's stock at a future date. However, the shares granted under this plan are subject to certain restrictions, such as vesting requirements or performance conditions, which must be met to receive the shares. The Cuyahoga Ohio Long Term Incentive Compensation Plan also includes a Stock Option plan. Under this plan, eligible employees are granted the right to purchase a specified number of shares of the company's stock at a predetermined price, known as the exercise price, over a specified period. The exercise price is usually set at the fair market value of the stock on the date of grant, providing employees with the opportunity to benefit from any increase in the company's stock price over time. In addition to these plans, the Cuyahoga Ohio Long Term Incentive Compensation Plan may also offer other types of incentives, such as cash bonuses or performance-based cash awards. These incentives are typically tied to the achievement of specific financial or operational goals set by the company. Overall, the Cuyahoga Ohio Long Term Incentive Compensation Plan of A.M. Castle and Co. aims to motivate and reward employees for their individual and collective contributions to the company's long-term growth and success. Through a combination of stock-based incentives, cash awards, and performance-based metrics, the plan encourages employees to strive for excellence and aligns their interests with those of the company.