Suffolk New York Long Term Incentive Compensation Plan of A.M. Castle and Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Suffolk
• 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 Suffolk New York Long Term Incentive Compensation Plan is a comprehensive program offered by A.M. Castle and Co. to incentivize and reward its employees for their long-term commitment, performance, and contributions to the company's success. This plan is specifically designed for employees working at the company's Suffolk location in New York. Under the Suffolk New York Long Term Incentive Compensation Plan, employees are provided with various types of incentives that are tailored to encourage their dedication towards achieving both individual and company-wide goals. These incentives may include performance-based bonuses, stock options, equity grants, and other monetary rewards. These rewards are typically granted over a long-term period, promoting loyalty and long-term engagement from employees. A.M. Castle and Co. recognizes the importance of retaining top talent in an increasingly competitive market. With the Suffolk New York Long Term Incentive Compensation Plan, the company aims to attract and retain skilled individuals who will contribute to the organization's growth and future success. By aligning employee interests with the company's performance, this program strives to create a mutually beneficial relationship between the company and its employees. Different types of the Suffolk New York Long Term Incentive Compensation Plan may include: 1. Performance-Based Bonuses: Employees receive bonuses based on their individual and team's performance against predetermined targets and objectives. These bonuses are directly linked to achieving specific milestones or exceeding performance expectations. 2. Stock Options: Eligible employees may be granted the right to purchase company stocks at a predetermined price over a specified period. This provides an opportunity for employees to participate in the company's ownership and benefit from its future growth. 3. Equity Grants: A.M. Castle and Co. may provide stock or equity grants to employees as part of their long-term incentive compensation. This enables employees to accumulate ownership in the company, aligning their interests with the company's long-term success. 4. Deferred Compensation: The plan may also offer the option for employees to defer a portion of their compensation, allowing them to receive these funds at a later date. This feature provides flexibility in managing their financial goals. The Suffolk New York Long Term Incentive Compensation Plan of A.M. Castle and Co. demonstrates the company's commitment to recognizing and rewarding the hard work, dedication, and performance of its employees. By offering a range of incentives designed to motivate and retain talent, the plan helps foster a positive work culture while driving the company's overall success in Suffolk, New York.

The Suffolk New York Long Term Incentive Compensation Plan is a comprehensive program offered by A.M. Castle and Co. to incentivize and reward its employees for their long-term commitment, performance, and contributions to the company's success. This plan is specifically designed for employees working at the company's Suffolk location in New York. Under the Suffolk New York Long Term Incentive Compensation Plan, employees are provided with various types of incentives that are tailored to encourage their dedication towards achieving both individual and company-wide goals. These incentives may include performance-based bonuses, stock options, equity grants, and other monetary rewards. These rewards are typically granted over a long-term period, promoting loyalty and long-term engagement from employees. A.M. Castle and Co. recognizes the importance of retaining top talent in an increasingly competitive market. With the Suffolk New York Long Term Incentive Compensation Plan, the company aims to attract and retain skilled individuals who will contribute to the organization's growth and future success. By aligning employee interests with the company's performance, this program strives to create a mutually beneficial relationship between the company and its employees. Different types of the Suffolk New York Long Term Incentive Compensation Plan may include: 1. Performance-Based Bonuses: Employees receive bonuses based on their individual and team's performance against predetermined targets and objectives. These bonuses are directly linked to achieving specific milestones or exceeding performance expectations. 2. Stock Options: Eligible employees may be granted the right to purchase company stocks at a predetermined price over a specified period. This provides an opportunity for employees to participate in the company's ownership and benefit from its future growth. 3. Equity Grants: A.M. Castle and Co. may provide stock or equity grants to employees as part of their long-term incentive compensation. This enables employees to accumulate ownership in the company, aligning their interests with the company's long-term success. 4. Deferred Compensation: The plan may also offer the option for employees to defer a portion of their compensation, allowing them to receive these funds at a later date. This feature provides flexibility in managing their financial goals. The Suffolk New York Long Term Incentive Compensation Plan of A.M. Castle and Co. demonstrates the company's commitment to recognizing and rewarding the hard work, dedication, and performance of its employees. By offering a range of incentives designed to motivate and retain talent, the plan helps foster a positive work culture while driving the company's overall success in Suffolk, New York.