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

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Dallas
• 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 Dallas Texas Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive employee benefit program designed to provide long-term incentive rewards for eligible employees working in the Dallas, Texas office of A.M. Castle and Co. This compensation plan aims to motivate and retain top talent in order to drive the company's growth and success. The Dallas Texas Long Term Incentive Compensation Plan offers various types of incentives to eligible employees based on their performance, contribution to the company's goals, and tenure. These incentives are provided over an extended period to create a sustained impact and align employees' interests with the long-term success of the company. One type of the Dallas Texas Long Term Incentive Compensation Plan is the equity-based incentive, which grants eligible employees the opportunity to receive company stocks or stock options as part of their compensation. This equity-based incentive not only rewards employees for their commitment but also allows them to share in the company's success as its value grows over time. Another type of incentive included in the Dallas Texas Long Term Incentive Compensation Plan is the performance-based bonus. Eligible employees may be entitled to receive a bonus that is directly tied to individual, team, or company performance metrics. This type of incentive encourages employees to strive for excellence, meet specific goals, and drive the company's overall success. Additionally, the Dallas Texas Long Term Incentive Compensation Plan may include other retention-focused incentives that aim to reward employees for their loyalty and long-term commitment to the company. These incentives may include retirement benefits, deferred compensation plans, or other forms of supplemental rewards that accrue over time. Overall, the Dallas Texas Long Term Incentive Compensation Plan serves as a crucial tool in attracting, motivating, and retaining talented employees in the Dallas office of A.M. Castle and Co. By offering a range of incentives tailored to reward performance, tenure, and loyalty, this compensation plan ensures alignment between employee and company objectives, which ultimately strengthens the long-term growth and success of the company.

The Dallas Texas Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive employee benefit program designed to provide long-term incentive rewards for eligible employees working in the Dallas, Texas office of A.M. Castle and Co. This compensation plan aims to motivate and retain top talent in order to drive the company's growth and success. The Dallas Texas Long Term Incentive Compensation Plan offers various types of incentives to eligible employees based on their performance, contribution to the company's goals, and tenure. These incentives are provided over an extended period to create a sustained impact and align employees' interests with the long-term success of the company. One type of the Dallas Texas Long Term Incentive Compensation Plan is the equity-based incentive, which grants eligible employees the opportunity to receive company stocks or stock options as part of their compensation. This equity-based incentive not only rewards employees for their commitment but also allows them to share in the company's success as its value grows over time. Another type of incentive included in the Dallas Texas Long Term Incentive Compensation Plan is the performance-based bonus. Eligible employees may be entitled to receive a bonus that is directly tied to individual, team, or company performance metrics. This type of incentive encourages employees to strive for excellence, meet specific goals, and drive the company's overall success. Additionally, the Dallas Texas Long Term Incentive Compensation Plan may include other retention-focused incentives that aim to reward employees for their loyalty and long-term commitment to the company. These incentives may include retirement benefits, deferred compensation plans, or other forms of supplemental rewards that accrue over time. Overall, the Dallas Texas Long Term Incentive Compensation Plan serves as a crucial tool in attracting, motivating, and retaining talented employees in the Dallas office of A.M. Castle and Co. By offering a range of incentives tailored to reward performance, tenure, and loyalty, this compensation plan ensures alignment between employee and company objectives, which ultimately strengthens the long-term growth and success of the company.