Orange California Long Term Incentive Compensation Plan of A.M. Castle and Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Orange
• 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 Orange, California Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive program designed to incentivize and reward employees for their long-term commitment and performance within the company. This plan offers various types of incentives tailored to motivate employees at different levels and positions. The first type of Orange California Long Term Incentive Compensation Plan is the Performance-Based Stock Units (Plus). Under this plan, eligible participants are granted stock units based on the company's pre-established performance metrics such as revenue growth, profitability, or market share. These stock units are awarded on a predetermined schedule and vest over a specific period, aligning the interests of employees with the company's long-term objectives. Another type of incentive within this plan is the Restricted Stock Units (RSS). RSS are awarded to eligible employees as an incentive to retain them in the organization. These units represent a future right to receive shares of A.M. Castle and Co.'s common stock, and they generally vest over a specific period, subject to certain conditions or performance goals. The Long-Term Cash Incentive Plan (LOCI) is the third component of the Orange California Long Term Incentive Compensation Plan. This plan is designed to provide additional cash incentives to eligible employees based on the achievement of long-term performance goals set by the company. The performance goals can be financial targets, operational milestones, or other key performance indicators directly linked to the company's success. A fourth component of this plan is the Stock Appreciation Rights (SARS). SARS provides eligible employees the opportunity to benefit from the appreciation in the company's stock price. Upon exercise, employees receive the difference between the fair market value of the stock at the time of exercise and the predetermined grant price. Lastly, the Orange California Long Term Incentive Compensation Plan may also include other types of incentives like stock options, employee stock purchase plans, or performance shares based on the company's discretion and specific needs. By offering these various types of incentives, A.M. Castle and Co. aims to attract, retain, and motivate its employees in Orange, California. These plans align employee interests with the company's long-term objectives, fostering a culture of performance-driven growth and success.

The Orange, California Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive program designed to incentivize and reward employees for their long-term commitment and performance within the company. This plan offers various types of incentives tailored to motivate employees at different levels and positions. The first type of Orange California Long Term Incentive Compensation Plan is the Performance-Based Stock Units (Plus). Under this plan, eligible participants are granted stock units based on the company's pre-established performance metrics such as revenue growth, profitability, or market share. These stock units are awarded on a predetermined schedule and vest over a specific period, aligning the interests of employees with the company's long-term objectives. Another type of incentive within this plan is the Restricted Stock Units (RSS). RSS are awarded to eligible employees as an incentive to retain them in the organization. These units represent a future right to receive shares of A.M. Castle and Co.'s common stock, and they generally vest over a specific period, subject to certain conditions or performance goals. The Long-Term Cash Incentive Plan (LOCI) is the third component of the Orange California Long Term Incentive Compensation Plan. This plan is designed to provide additional cash incentives to eligible employees based on the achievement of long-term performance goals set by the company. The performance goals can be financial targets, operational milestones, or other key performance indicators directly linked to the company's success. A fourth component of this plan is the Stock Appreciation Rights (SARS). SARS provides eligible employees the opportunity to benefit from the appreciation in the company's stock price. Upon exercise, employees receive the difference between the fair market value of the stock at the time of exercise and the predetermined grant price. Lastly, the Orange California Long Term Incentive Compensation Plan may also include other types of incentives like stock options, employee stock purchase plans, or performance shares based on the company's discretion and specific needs. By offering these various types of incentives, A.M. Castle and Co. aims to attract, retain, and motivate its employees in Orange, California. These plans align employee interests with the company's long-term objectives, fostering a culture of performance-driven growth and success.