Philadelphia Pennsylvania Long Term Incentive Compensation Plan of A.M. Castle and Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Philadelphia
• 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 Philadelphia Pennsylvania Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive and carefully designed program aimed at attracting, retaining, and motivating top talent within the organization. This plan ensures that employees are provided with an opportunity to contribute to the long-term success of the company and also share in the rewards of their efforts. The Philadelphia Pennsylvania Long Term Incentive Compensation Plan consists of various types that cater to the specific needs and roles of the employees. Some key types of this plan are: 1. Performance-based Restricted Stock Units (RSS): Under this type, eligible employees are granted a predetermined number of RSS, which represent a specified number of company shares. This RSS is subject to performance conditions and vesting criteria, which need to be met over a specified period. 2. Stock Options: This type of plan offers eligible employees the right to purchase company stock at a predetermined price within a specified timeframe. The exercise price is usually set at the fair market value of the stock on the grant date. Stock options provide employees with potential financial gains if the company's stock performs well over time. 3. Performance-based Cash Incentives: In addition to equity-based awards, the plan may also include performance-based cash incentives. These incentives are linked to specific performance goals established by the company, and eligible employees can earn a cash payout if these goals are achieved. 4. Phantom Stock Units: This type of plan provides eligible employees with a bookkeeping entry that reflects the value of a specified number of company shares. Although employees do not own actual company stock, they are entitled to receive cash or stock equivalent to the value of the phantom shares upon certain triggering events, such as a change in control or retirement. The Philadelphia Pennsylvania Long Term Incentive Compensation Plan of A.M. Castle and Co. is designed to align the interests of employees with the long-term success of the company. By offering a combination of equity and cash-based incentives, employees are encouraged to excel in their roles, make strategic decisions, and contribute significantly to the growth of the organization. Note: The specific details and provisions of the Philadelphia Pennsylvania Long Term Incentive Compensation Plan may vary. It is essential to refer to the official plan documents, guidelines, and relevant communications provided by A.M. Castle and Co. for accurate and up-to-date information.

Philadelphia Pennsylvania Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive and carefully designed program aimed at attracting, retaining, and motivating top talent within the organization. This plan ensures that employees are provided with an opportunity to contribute to the long-term success of the company and also share in the rewards of their efforts. The Philadelphia Pennsylvania Long Term Incentive Compensation Plan consists of various types that cater to the specific needs and roles of the employees. Some key types of this plan are: 1. Performance-based Restricted Stock Units (RSS): Under this type, eligible employees are granted a predetermined number of RSS, which represent a specified number of company shares. This RSS is subject to performance conditions and vesting criteria, which need to be met over a specified period. 2. Stock Options: This type of plan offers eligible employees the right to purchase company stock at a predetermined price within a specified timeframe. The exercise price is usually set at the fair market value of the stock on the grant date. Stock options provide employees with potential financial gains if the company's stock performs well over time. 3. Performance-based Cash Incentives: In addition to equity-based awards, the plan may also include performance-based cash incentives. These incentives are linked to specific performance goals established by the company, and eligible employees can earn a cash payout if these goals are achieved. 4. Phantom Stock Units: This type of plan provides eligible employees with a bookkeeping entry that reflects the value of a specified number of company shares. Although employees do not own actual company stock, they are entitled to receive cash or stock equivalent to the value of the phantom shares upon certain triggering events, such as a change in control or retirement. The Philadelphia Pennsylvania Long Term Incentive Compensation Plan of A.M. Castle and Co. is designed to align the interests of employees with the long-term success of the company. By offering a combination of equity and cash-based incentives, employees are encouraged to excel in their roles, make strategic decisions, and contribute significantly to the growth of the organization. Note: The specific details and provisions of the Philadelphia Pennsylvania Long Term Incentive Compensation Plan may vary. It is essential to refer to the official plan documents, guidelines, and relevant communications provided by A.M. Castle and Co. for accurate and up-to-date information.