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

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• City: San Jose
• 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 Jose California Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive program designed to incentivize long-term performance and reward employees for their dedication and contributions towards the company's success. With a focus on attracting, motivating, and retaining top talent, this compensation plan plays a crucial role in driving corporate growth, shareholder value, and employee satisfaction. Key elements of the San Jose California Long Term Incentive Compensation Plan include stock options, performance-based cash incentives, restricted stock units (RSS), and executive bonus plans. These components ensure that employees at all levels have the opportunity to participate in the company's long-term success and align their interests with those of the shareholders. Stock options grant employees the right to purchase company stock at a predetermined price, usually below the current market value, at a future date. This encourages employees to make decisions that positively impact the company's stock performance and fosters a sense of ownership. Performance-based cash incentives are awarded based on predefined goals and targets linked to the company's financial and operational performance. These targets may include revenue growth, earnings per share, market share, or other strategic objectives. By tying rewards to achievements, this component motivates employees to go above and beyond to contribute to the company's success. Restricted stock units (RSS) are a form of equity compensation that guarantees employees a specific number of company shares once certain vesting conditions are met. This long-term incentive encourages employees to stay with the company and actively contribute to its growth, as the value of the RSS increases with the company's performance. Executive bonus plans are tailored specifically for senior executives and top-level management. These plans may include a combination of stock options, RSS, and performance-based cash incentives, providing a comprehensive approach to reward and retain the company's key decision-makers. Overall, the San Jose California Long Term Incentive Compensation Plan of A.M. Castle and Co. aims to attract and retain the best talent in the industry, create a performance-driven culture, and align employees' interests with the company's long-term objectives. By offering a variety of incentives and rewards, the plan ensures that employees are motivated, engaged, and committed to driving the company's sustainable growth and success.

The San Jose California Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive program designed to incentivize long-term performance and reward employees for their dedication and contributions towards the company's success. With a focus on attracting, motivating, and retaining top talent, this compensation plan plays a crucial role in driving corporate growth, shareholder value, and employee satisfaction. Key elements of the San Jose California Long Term Incentive Compensation Plan include stock options, performance-based cash incentives, restricted stock units (RSS), and executive bonus plans. These components ensure that employees at all levels have the opportunity to participate in the company's long-term success and align their interests with those of the shareholders. Stock options grant employees the right to purchase company stock at a predetermined price, usually below the current market value, at a future date. This encourages employees to make decisions that positively impact the company's stock performance and fosters a sense of ownership. Performance-based cash incentives are awarded based on predefined goals and targets linked to the company's financial and operational performance. These targets may include revenue growth, earnings per share, market share, or other strategic objectives. By tying rewards to achievements, this component motivates employees to go above and beyond to contribute to the company's success. Restricted stock units (RSS) are a form of equity compensation that guarantees employees a specific number of company shares once certain vesting conditions are met. This long-term incentive encourages employees to stay with the company and actively contribute to its growth, as the value of the RSS increases with the company's performance. Executive bonus plans are tailored specifically for senior executives and top-level management. These plans may include a combination of stock options, RSS, and performance-based cash incentives, providing a comprehensive approach to reward and retain the company's key decision-makers. Overall, the San Jose California Long Term Incentive Compensation Plan of A.M. Castle and Co. aims to attract and retain the best talent in the industry, create a performance-driven culture, and align employees' interests with the company's long-term objectives. By offering a variety of incentives and rewards, the plan ensures that employees are motivated, engaged, and committed to driving the company's sustainable growth and success.