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

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Travis
• 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 Travis Texas Long Term Incentive Compensation Plan is a program offered by A.M. Castle and Co., a company that specializes in distributing specialty metals and supply chain solutions. This plan is designed to incentivize and reward employees for their long-term commitment, contributions, and performance towards achieving the company's goals and objectives. Under the Travis Texas Long Term Incentive Compensation Plan, eligible employees are provided with an additional means to enhance their overall compensation package. By offering long-term incentives, A.M. Castle and Co. aims to motivate employees to deliver sustainable and exceptional performance, aligning their interests with those of the company's shareholders. This fosters a culture of engagement, dedication, and focus on long-term success. There are several types of Travis Texas Long Term Incentive Compensation Plans, tailored to different levels within the company's hierarchy. These plans include: 1. Executive-Level Incentive Plans: These plans are designed for top-level executives and key decision-makers, offering them the opportunity to receive additional compensation based on the company's financial performance and predetermined performance goals. The incentives for executives are often structured as a mix of cash bonuses, stock options, restricted stock units, or performance-based grants. 2. Management-Level Incentive Plans: This category encompasses plans targeting middle to senior-level managers who play a significant role in driving the organization towards its strategic objectives. These plans typically include performance-based cash bonuses tied to individual, team, or company-wide achievements. 3. Employee Stock Ownership Plans (ESOP): A.M. Castle and Co. may provide eligible employees with the opportunity to participate in an ESOP. This plan allows employees to acquire company stock, providing them with a vested interest in the long-term success of the organization. 4. Long-Term Performance Grants: This plan may grant eligible employees with stock options or restricted stock units that vest over time. These grants often have performance-based criteria, requiring the achievement of predefined targets or metrics for the shares to fully vest. It is important to note that the specific terms, conditions, and details of each Travis Texas Long Term Incentive Compensation Plan may vary based on individual employee roles, tenure, and performance. The company maintains the right to modify or terminate these plans at its discretion, ensuring alignment with evolving business needs, market conditions, and legal requirements. Overall, the Travis Texas Long Term Incentive Compensation Plan is a comprehensive and strategic approach to reward and retain employees at different levels within A.M. Castle and Co. It serves as a key tool for aligning the interests of employees with the company's long-term success, encouraging exceptional performance, and fostering a culture of ownership and accountability.

The Travis Texas Long Term Incentive Compensation Plan is a program offered by A.M. Castle and Co., a company that specializes in distributing specialty metals and supply chain solutions. This plan is designed to incentivize and reward employees for their long-term commitment, contributions, and performance towards achieving the company's goals and objectives. Under the Travis Texas Long Term Incentive Compensation Plan, eligible employees are provided with an additional means to enhance their overall compensation package. By offering long-term incentives, A.M. Castle and Co. aims to motivate employees to deliver sustainable and exceptional performance, aligning their interests with those of the company's shareholders. This fosters a culture of engagement, dedication, and focus on long-term success. There are several types of Travis Texas Long Term Incentive Compensation Plans, tailored to different levels within the company's hierarchy. These plans include: 1. Executive-Level Incentive Plans: These plans are designed for top-level executives and key decision-makers, offering them the opportunity to receive additional compensation based on the company's financial performance and predetermined performance goals. The incentives for executives are often structured as a mix of cash bonuses, stock options, restricted stock units, or performance-based grants. 2. Management-Level Incentive Plans: This category encompasses plans targeting middle to senior-level managers who play a significant role in driving the organization towards its strategic objectives. These plans typically include performance-based cash bonuses tied to individual, team, or company-wide achievements. 3. Employee Stock Ownership Plans (ESOP): A.M. Castle and Co. may provide eligible employees with the opportunity to participate in an ESOP. This plan allows employees to acquire company stock, providing them with a vested interest in the long-term success of the organization. 4. Long-Term Performance Grants: This plan may grant eligible employees with stock options or restricted stock units that vest over time. These grants often have performance-based criteria, requiring the achievement of predefined targets or metrics for the shares to fully vest. It is important to note that the specific terms, conditions, and details of each Travis Texas Long Term Incentive Compensation Plan may vary based on individual employee roles, tenure, and performance. The company maintains the right to modify or terminate these plans at its discretion, ensuring alignment with evolving business needs, market conditions, and legal requirements. Overall, the Travis Texas Long Term Incentive Compensation Plan is a comprehensive and strategic approach to reward and retain employees at different levels within A.M. Castle and Co. It serves as a key tool for aligning the interests of employees with the company's long-term success, encouraging exceptional performance, and fostering a culture of ownership and accountability.