The Salt Lake Utah Long Term Incentive Compensation Plan offered by A.M. Castle and Co. is a comprehensive program designed to provide employees with long-term incentives to drive performance, retention, and alignment with the company's goals and values. This plan promotes productivity, growth, and rewards employees for their commitment and contribution to the company's success. The Salt Lake Utah Long Term Incentive Compensation Plan consists of various types of incentives tailored to meet the diverse needs of A.M. Castle and Co. employees. These include: 1. Stock Options: The plan offers eligible employees the opportunity to purchase company stock at a predetermined price for a specified period. This incentivizes employees as they can potentially realize a profit if the stock's value increases over time. 2. Restricted Stock Units (RSS): This component provides employees with the right to receive shares of company stock at a future date. The allocation and vesting of RSS are typically based on performance criteria or a predetermined time frame. 3. Performance Stock Units (Plus): The plan may also include Plus that are based on predetermined performance criteria. Employees who meet or exceed these goals are rewarded with shares of company stock. 4. Cash Bonuses: In addition to stock-based incentives, employees may be eligible for cash bonuses tied to predetermined performance metrics or achieving specific milestones. These bonuses provide immediate financial rewards for exceptional performance and contributions. 5. Performance Share Programs: These programs link long-term incentives to the company's overall performance and financially reward employees based on achieving specific business objectives. The Performance Share Programs often include annual performance measures and require a certain vesting period. 6. Retirement Benefits: The Salt Lake Utah Long Term Incentive Compensation Plan may also include retirement benefits, such as 401(k) matching contributions or profit-sharing plans, to encourage employees to stay with the company for the long haul and build their financial security. The Salt Lake Utah Long Term Incentive Compensation Plan of A.M. Castle and Co. aims at attracting, retaining, and motivating employees to contribute to the company's growth, profitability, and long-term success. It aims to foster a culture of ownership, aligning employees' interests with those of the shareholders. The plan serves as a powerful tool to enhance employee engagement, productivity, and loyalty, ultimately driving overall organizational success in Salt Lake Utah and beyond.