Wayne Michigan Long Term Incentive Compensation Plan of A.M. Castle and Co.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• County: Wayne
• 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 Wayne Michigan Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive rewards program designed to motivate and reward employees in the Wayne, Michigan location of A.M. Castle and Co., a leading global distributor of specialty metals. This long-term incentive plan aims to attract and retain talented individuals, align their interests with the company's goals, and provide them with financial incentives based on performance and achievement of specific objectives. The Wayne Michigan Long Term Incentive Compensation Plan offers various types of incentives to drive employee engagement, productivity, and retention. These incentives may include stock options, restricted stock units (RSS), performance-based cash bonuses, and equity grants. Each type of incentive has its own criteria and requirements that participants must meet to qualify. Stock options grant employees the right to purchase company stock at a predetermined price, usually referred to as the exercise price. This provides employees with an opportunity to share in the company's growth and value creation. RSS, on the other hand, are awards of company stock that typically vest over a certain period, providing employees with an ownership interest in the company. Performance-based cash bonuses are another component of the Wayne Michigan Long Term Incentive Compensation Plan. These bonuses are tied to the achievement of specific performance goals, such as revenue targets, profit margins, or operational efficiency metrics. By linking bonuses to performance, the plan encourages employees to perform at their best and contribute to the company's success. Equity grants are an additional element of the plan, which provides employees with ownership interests in the company. These grants may be in the form of shares or units that vest over time. Equity grants align the interests of employees with those of shareholders, as their financial success becomes tied to the company's overall performance. Employees participating in the Wayne Michigan Long Term Incentive Compensation Plan have the opportunity to earn significant financial rewards based on their individual and collective contributions. By offering a mix of stock-based incentives, performance-based bonuses, and equity grants, A.M. Castle and Co. aims to foster a high-performance culture, retain top talent, and drive long-term value for both the company and its employees. In conclusion, the Wayne Michigan Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive rewards program that offers stock options, RSS, performance-based bonuses, and equity grants to employees in the Wayne, Michigan location. This plan aims to attract, motivate, and retain talented individuals by aligning their interests with the company's goals and providing them with financial incentives based on performance.

The Wayne Michigan Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive rewards program designed to motivate and reward employees in the Wayne, Michigan location of A.M. Castle and Co., a leading global distributor of specialty metals. This long-term incentive plan aims to attract and retain talented individuals, align their interests with the company's goals, and provide them with financial incentives based on performance and achievement of specific objectives. The Wayne Michigan Long Term Incentive Compensation Plan offers various types of incentives to drive employee engagement, productivity, and retention. These incentives may include stock options, restricted stock units (RSS), performance-based cash bonuses, and equity grants. Each type of incentive has its own criteria and requirements that participants must meet to qualify. Stock options grant employees the right to purchase company stock at a predetermined price, usually referred to as the exercise price. This provides employees with an opportunity to share in the company's growth and value creation. RSS, on the other hand, are awards of company stock that typically vest over a certain period, providing employees with an ownership interest in the company. Performance-based cash bonuses are another component of the Wayne Michigan Long Term Incentive Compensation Plan. These bonuses are tied to the achievement of specific performance goals, such as revenue targets, profit margins, or operational efficiency metrics. By linking bonuses to performance, the plan encourages employees to perform at their best and contribute to the company's success. Equity grants are an additional element of the plan, which provides employees with ownership interests in the company. These grants may be in the form of shares or units that vest over time. Equity grants align the interests of employees with those of shareholders, as their financial success becomes tied to the company's overall performance. Employees participating in the Wayne Michigan Long Term Incentive Compensation Plan have the opportunity to earn significant financial rewards based on their individual and collective contributions. By offering a mix of stock-based incentives, performance-based bonuses, and equity grants, A.M. Castle and Co. aims to foster a high-performance culture, retain top talent, and drive long-term value for both the company and its employees. In conclusion, the Wayne Michigan Long Term Incentive Compensation Plan of A.M. Castle and Co. is a comprehensive rewards program that offers stock options, RSS, performance-based bonuses, and equity grants to employees in the Wayne, Michigan location. This plan aims to attract, motivate, and retain talented individuals by aligning their interests with the company's goals and providing them with financial incentives based on performance.