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

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Riverside
• 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 Riverside California Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive employee reward program that aims to retain and motivate top talent by providing long-term incentives to eligible employees in the Riverside, California area. This compensation plan is designed to align the interests of employees with the goals and objectives of the company, fostering a high-performance culture and driving long-term value creation. The Riverside California Long Term Incentive Compensation Plan comprises several types of incentives, each tailored to meet specific objectives and promote desired employee behaviors. These plans include: 1. Performance-Based Stock Options: This plan allows eligible employees to receive stock options based on predefined performance metrics, such as revenue growth, profitability, or market share. Stock options provide employees with the opportunity to benefit from the company's success over time. 2. Restricted Stock Units (RSS): Under the RSU plan, eligible employees are granted a specific number of stock units that vest over a predefined period, subject to continued employment. RSS give employees an ownership stake in the company and align their interests with shareholders, encouraging long-term commitment and performance. 3. Performance Stock Units (Plus): Plus are awarded to eligible employees based on achieving predetermined performance targets. These units convert into actual shares of stock once the performance criteria are met. This plan incentivizes employees to drive exceptional performance and rewards them accordingly. 4. Cash Incentive Awards: In addition to equity-based incentives, the plan may also include cash awards tied to individual, team, or company performance targets. These awards are typically paid out annually or at specific milestones and motivate employees to achieve specific goals and objectives. The Riverside California Long Term Incentive Compensation Plan of A.M. Castle and Co. reinforces the company's commitment to employee satisfaction, motivation, and retention. By combining equity and cash-based incentives, the plan aims to create a performance-driven environment that fosters long-term growth and success for both the company and its employees in the Riverside, California area.

The Riverside California Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive employee reward program that aims to retain and motivate top talent by providing long-term incentives to eligible employees in the Riverside, California area. This compensation plan is designed to align the interests of employees with the goals and objectives of the company, fostering a high-performance culture and driving long-term value creation. The Riverside California Long Term Incentive Compensation Plan comprises several types of incentives, each tailored to meet specific objectives and promote desired employee behaviors. These plans include: 1. Performance-Based Stock Options: This plan allows eligible employees to receive stock options based on predefined performance metrics, such as revenue growth, profitability, or market share. Stock options provide employees with the opportunity to benefit from the company's success over time. 2. Restricted Stock Units (RSS): Under the RSU plan, eligible employees are granted a specific number of stock units that vest over a predefined period, subject to continued employment. RSS give employees an ownership stake in the company and align their interests with shareholders, encouraging long-term commitment and performance. 3. Performance Stock Units (Plus): Plus are awarded to eligible employees based on achieving predetermined performance targets. These units convert into actual shares of stock once the performance criteria are met. This plan incentivizes employees to drive exceptional performance and rewards them accordingly. 4. Cash Incentive Awards: In addition to equity-based incentives, the plan may also include cash awards tied to individual, team, or company performance targets. These awards are typically paid out annually or at specific milestones and motivate employees to achieve specific goals and objectives. The Riverside California Long Term Incentive Compensation Plan of A.M. Castle and Co. reinforces the company's commitment to employee satisfaction, motivation, and retention. By combining equity and cash-based incentives, the plan aims to create a performance-driven environment that fosters long-term growth and success for both the company and its employees in the Riverside, California area.