San Antonio Texas Long Term Incentive Compensation Plan of A.M. Castle and Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• City: San Antonio
• 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 San Antonio Texas Long Term Incentive Compensation Plan is a comprehensive benefit package offered by A.M. Castle and Co., a reputable company based in San Antonio, Texas. This plan aims to reward and retain talented employees by providing them with long-term incentives to excel in their roles and contribute to the company's success. Key Features of the San Antonio Texas Long Term Incentive Compensation Plan: 1. Performance-Based Rewards: The plan offers performance-based rewards to employees who achieve specific targets and goals set by the company. These targets are typically aligned with the company's long-term strategic objectives, promoting a culture of excellence and accountability. 2. Stock Options: One type of long-term incentive in the plan is the provision of stock options. These options allow employees to purchase company stock at a predetermined price, providing them with the opportunity to share in the company's growth and value appreciation over time. 3. Restricted Stock Units (RSS): Another component of the plan includes the allocation of restricted stock units. RSS are given to selected employees, which represent the right to receive company stock at a future date, often subject to vesting requirements or performance conditions. RSS align the interests of the employees with those of the company, as their value is tied to the company's performance. 4. Performance Share Units (Plus): Plus are another form of long-term incentive in the plan. These units are awarded based on the achievement of pre-established performance goals, such as revenue growth, profitability, or market share. Similar to RSS, Plus often have vesting requirements to ensure employees' sustained commitment to the company. 5. Cash Bonuses: In addition to equity-based incentives, the San Antonio Texas Long Term Incentive Compensation Plan may also offer cash bonuses as a reward for exceptional performance or meeting specific milestones. These bonuses provide immediate gratification to employees and are usually tied to individual or team-based performance metrics. 6. Multi-Year Vesting Period: Depending on the specific plan, the long-term incentives typically have a multi-year vesting period. This means that employees must remain with the company for a specified period to fully realize the benefits of the incentives, promoting employee retention and loyalty. The San Antonio Texas Long Term Incentive Compensation Plan of A.M. Castle and Co. aims to attract and retain top talent in San Antonio, Texas, by offering competitive and performance-driven benefits. By providing a mix of equity-based incentives, such as stock options, RSS, and Plus, combined with cash bonuses, the company motivates its employees to contribute to the company's long-term success. This comprehensive plan reinforces a culture of excellence, accountability, and alignment between employees and the company's goals.

The San Antonio Texas Long Term Incentive Compensation Plan is a comprehensive benefit package offered by A.M. Castle and Co., a reputable company based in San Antonio, Texas. This plan aims to reward and retain talented employees by providing them with long-term incentives to excel in their roles and contribute to the company's success. Key Features of the San Antonio Texas Long Term Incentive Compensation Plan: 1. Performance-Based Rewards: The plan offers performance-based rewards to employees who achieve specific targets and goals set by the company. These targets are typically aligned with the company's long-term strategic objectives, promoting a culture of excellence and accountability. 2. Stock Options: One type of long-term incentive in the plan is the provision of stock options. These options allow employees to purchase company stock at a predetermined price, providing them with the opportunity to share in the company's growth and value appreciation over time. 3. Restricted Stock Units (RSS): Another component of the plan includes the allocation of restricted stock units. RSS are given to selected employees, which represent the right to receive company stock at a future date, often subject to vesting requirements or performance conditions. RSS align the interests of the employees with those of the company, as their value is tied to the company's performance. 4. Performance Share Units (Plus): Plus are another form of long-term incentive in the plan. These units are awarded based on the achievement of pre-established performance goals, such as revenue growth, profitability, or market share. Similar to RSS, Plus often have vesting requirements to ensure employees' sustained commitment to the company. 5. Cash Bonuses: In addition to equity-based incentives, the San Antonio Texas Long Term Incentive Compensation Plan may also offer cash bonuses as a reward for exceptional performance or meeting specific milestones. These bonuses provide immediate gratification to employees and are usually tied to individual or team-based performance metrics. 6. Multi-Year Vesting Period: Depending on the specific plan, the long-term incentives typically have a multi-year vesting period. This means that employees must remain with the company for a specified period to fully realize the benefits of the incentives, promoting employee retention and loyalty. The San Antonio Texas Long Term Incentive Compensation Plan of A.M. Castle and Co. aims to attract and retain top talent in San Antonio, Texas, by offering competitive and performance-driven benefits. By providing a mix of equity-based incentives, such as stock options, RSS, and Plus, combined with cash bonuses, the company motivates its employees to contribute to the company's long-term success. This comprehensive plan reinforces a culture of excellence, accountability, and alignment between employees and the company's goals.