The Hennepin Minnesota Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive program designed to reward and incentivize employees of the company over an extended period. This plan aims to motivate and retain top talent by offering long-term financial incentives tied to the company's performance and individual goals. The Hennepin Minnesota Long Term Incentive Compensation Plan of A.M. Castle and Co. encompasses various types of compensation arrangements tailored to meet the diverse needs and objectives of employees. Some key types of this incentive plan include: 1. Stock Options: This type of incentive entitles eligible employees to purchase a specific number of company shares at a predetermined price, known as the exercise price. As the stock price appreciates over time, employees can exercise their options, thus realizing a profit. 2. Restricted Stock Units (RSS): Under this arrangement, employees are granted a set number of shares that will be awarded to them at a future date, subject to specific vesting conditions. Once the RSS vest, employees can either sell the shares or retain them, depending on their preference. 3. Performance-Based Cash Incentives: This component of the plan rewards employees based on predetermined performance targets, such as financial metrics or individual goals. Eligible employees receive cash bonuses when they meet or exceed the set objectives, fostering a culture of achievement and driving overall company growth. 4. Employee Stock Purchase Plan (ESPN): The ESPN allows employees to purchase company stock at a discounted price, often through payroll deductions. This encourages employee engagement and ownership by providing an opportunity to profit from the company's success. 5. Performance Share Units (Plus): Plus are another form of long-term incentive compensation that grant employees a certain number of units based on performance metrics. These units convert into shares at the end of a specified performance period, contingent on predefined targets being met. The Hennepin Minnesota Long Term Incentive Compensation Plan of A.M. Castle and Co. is meticulously crafted to align employee interests with the long-term success of the company. By offering various types of incentives, such as stock options, RSS, cash incentives, ESPN, and Plus, the program provides a comprehensive framework to motivate, engage, and reward employees for their exceptional contributions.