Fulton Georgia Long Term Incentive Compensation Plan of A.M. Castle and Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Fulton
• 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 Fulton Georgia Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive compensation program designed to incentivize and reward long-term performance for employees at A.M. Castle and Co. in Fulton, Georgia. This plan aims to attract, motivate, and retain top talent by providing them with attractive compensation incentives tied to the achievement of specific long-term goals and objectives. The Fulton Georgia Long Term Incentive Compensation Plan offers various types of compensation options, catering to different aspects of performance and tenure. Some different types of plans under this program include: 1. Stock Options: Stock options are a common component of long-term incentive plans, enabling employees to purchase the company's stock at a predetermined price within a specified time frame. This offers employees the opportunity to benefit from the company's future growth and aligns their interests with the company's success. 2. Restricted Stock Units (RSS): RSS are awarded to employees based on predetermined performance goals and vesting schedules. RSS represents the right to receive shares of the company's stock at a later date, subject to certain conditions. This encourages employees to remain with the company and contribute to its long-term success. 3. Performance Share Units (Plus): Plus are compensation units granted to employees that are tied to specific performance metrics over a designated performance period. These metrics can include financial targets, market share growth, or operational goals. Upon the achievement of these goals, employees are entitled to receive a predetermined number of shares or cash. 4. Cash-Based Awards: In addition to equity-based incentives, the Fulton Georgia Long Term Incentive Compensation Plan may also include cash-based awards. These awards can be in the form of cash bonuses linked to the achievement of performance targets or other predetermined criteria. By offering a combination of stock options, RSS, Plus, and cash-based awards, the Fulton Georgia Long Term Incentive Compensation Plan ensures that employees have a variety of incentives to drive their performance and align their interests with the company's long-term success. This plan not only motivates employees to contribute to the growth and profitability of A.M. Castle and Co. but also provides an attractive means of compensation, helping the company attract and retain high-performing individuals in Fulton, Georgia.

The Fulton Georgia Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive compensation program designed to incentivize and reward long-term performance for employees at A.M. Castle and Co. in Fulton, Georgia. This plan aims to attract, motivate, and retain top talent by providing them with attractive compensation incentives tied to the achievement of specific long-term goals and objectives. The Fulton Georgia Long Term Incentive Compensation Plan offers various types of compensation options, catering to different aspects of performance and tenure. Some different types of plans under this program include: 1. Stock Options: Stock options are a common component of long-term incentive plans, enabling employees to purchase the company's stock at a predetermined price within a specified time frame. This offers employees the opportunity to benefit from the company's future growth and aligns their interests with the company's success. 2. Restricted Stock Units (RSS): RSS are awarded to employees based on predetermined performance goals and vesting schedules. RSS represents the right to receive shares of the company's stock at a later date, subject to certain conditions. This encourages employees to remain with the company and contribute to its long-term success. 3. Performance Share Units (Plus): Plus are compensation units granted to employees that are tied to specific performance metrics over a designated performance period. These metrics can include financial targets, market share growth, or operational goals. Upon the achievement of these goals, employees are entitled to receive a predetermined number of shares or cash. 4. Cash-Based Awards: In addition to equity-based incentives, the Fulton Georgia Long Term Incentive Compensation Plan may also include cash-based awards. These awards can be in the form of cash bonuses linked to the achievement of performance targets or other predetermined criteria. By offering a combination of stock options, RSS, Plus, and cash-based awards, the Fulton Georgia Long Term Incentive Compensation Plan ensures that employees have a variety of incentives to drive their performance and align their interests with the company's long-term success. This plan not only motivates employees to contribute to the growth and profitability of A.M. Castle and Co. but also provides an attractive means of compensation, helping the company attract and retain high-performing individuals in Fulton, Georgia.