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District of Columbia Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.

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Control #:
US-CC-20-174D
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20-174D 20-174D . . . Restricted Stock Incentive Plan under which Compensation Committee selects participants, determines number of shares of common stock covered by each grant, establishes appropriate performance measures, and chooses appropriate corporation peer group. The number of shares granted is equal to a percentage of participant's base salary for first calendar year of each three-year program. The base salary percentage target of first three-year grants range from 10% to 35%; maximum base salary grant permitted by Plan may not exceed 70% of participant's base salary. After end of a Performance Period, Committee determines adjustments, if any, that are required to be made to share grants for Performance Period based on actual results under Performance Measures (performance of corporation versus its peer group) for such Performance Period. After adjustments, restrictions on shares held by participant are lifted as to 1/3 on July 1 immediately following Performance Period and additional 1/3 increments on the first and second anniversaries of such July 1, provided participant is still employed by corporation on such date. If participant ceases to be employed by corporation before restrictions lapse on shares held by him or her, shares still subject to restrictions are immediately forfeited

The District of Columbia Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program designed to incentivize and reward key employees of the company. This plan is specifically tailored to comply with the regulations and requirements set forth by the District of Columbia jurisdiction. The primary objective of the District of Columbia Long Term Performance and Restricted Stock Incentive Plan is to motivate, retain, and attract top talent by providing opportunities for long-term financial growth and equity ownership. By incorporating both performance-based and restricted stock components, the plan ensures that employees are aligned with the company's interests and success. Under this plan, eligible participants may receive performance-based incentives based on predetermined goals and objectives. These incentives are typically tied to the overall performance of INALCOL Enterprises, Inc. and may include financial metrics such as revenue growth, profit margin, or market share. By linking compensation to the company's success, the plan encourages employees to actively contribute to its long-term growth and profitability. Additionally, the District of Columbia Long Term Performance and Restricted Stock Incentive Plan offers restricted stock grants to eligible employees. Restricted stock refers to company shares that are granted to employees but subject to certain restrictions and vesting schedules. These limitations ensure that employees remain committed to the company and contribute to its success over a specified period of time. Once the restrictions are lifted, employees may exercise their stock options and enjoy the financial benefits of stock ownership. It is important to note that the District of Columbia Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. may have different variations or types to accommodate for various categories of employees. For example, there may be separate plans for executives, senior management, and other employees based on their roles, responsibilities, and levels within the organization. These distinctions ensure that the plan is customized to suit the needs and requirements of different employee groups while maintaining fairness and equity. In summary, the District of Columbia Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a comprehensive compensation program that combines performance-based incentives and restricted stock grants to motivate, attract, and retain top talent. By linking compensation to the company's success and providing equity ownership opportunities, this plan aligns employees' interests with the long-term growth and profitability of INALCOL Enterprises, Inc.

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FAQ

RSUs are bonuses that are paid in the form of company stock. The RSU income is calculated as the RSUs vest: Quantity of RSUs vested. Times your company's closing stock price.

RSUs are assigned a fair market value at the time they become vested. In other words, if the company's stock is valued at $20 per share at the time the RSU becomes vested, then the per-unit value of the RSUs is $20.

Each RSU will correspond to a certain number and value of employer stock. For example, suppose your RSU agreement states that one RSU corresponds to one share of company stock, which currently trades for $20 per share. If you're offered 100 RSUs, then your units are worth 100 shares of stock with a value of $2,000.

Once the RSUs vest, the employee can keep, sell, or transfer the shares, just like any other stock. Companies use RSUs as a form of employee compensation or bonus.

RSUs are a type of restricted stock (which may also be known as ?letter stock? or ?restricted securities?). Restricted stock is company stock that cannot be fully transferable until certain restrictions have been met. These can be performance or timing restrictions, similar to restrictions for options.

RSUs and Taxes The value of the shares is determined by the market price on the day of vesting/distribution. Since this is compensation income, the company will withhold the taxes from the employee's wages.

Even for terminated employees, companies withhold taxes upon exercises of nonqualified stock options (NQSOs) and the vesting of restricted stock/RSUs. The income and withholding are typically still reported to you on Form W-2, even if the option exercise occurred after your employment ended?but not always.

To summarize: RSU tax at vesting date is: The # of shares vesting x price of shares = Income taxed in the current year. If held beyond the vesting date, the RSU tax when shares are sold is: (Sales price ? price at vesting) x # of shares = Capital gain (or loss)

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Corporations. Performance Plan Form. US Legal Forms offers document samples for all kinds of purposes from job packages to property sales, etc. This Restricted Stock Unit Award Agreement (this “Agreement”), dated as of the Grant Date set forth in the Notice of Restricted Stock Unit Grant attached hereto ...FOR VALUABLE CONSIDERATION, STARBUCKS CORPORATION (the “Company”), does hereby grant to the individual named below (the “Participant”) an award (the “Award”) ... Sep 14, 2023 — Long-term incentive plans (LTIPs). Generally, LTIPs are cash-settled plans that reward employees based on a company's performance over a ... Mar 18, 2023 — Discover the pros and cons of restricted stock and how it can work for employees of a company by exploring what it means and examining a ... Restricted stock is a grant of stock in the company that is restricted in some way to provide an incentive for continued employment or service. Stock options ... Aug 2, 2022 — A restricted stock unit (RSU) is a form of equity compensation that companies issue to employees. ... long-term capital gains taxon the difference ... May 15, 2023 — Restricted stock units under the Company's employee benefit plans are issued from treasury stock. The Company has not retired any common ... Nov 30, 2022 — When designing a long-term incentive plan, a company should consider the following steps: Estimate the fair value and compensation cost ... ... the Company's Long-Term Incentive Compensation program. The actual incentive payout will be in shares of common stock based on Company performance over a ...

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District of Columbia Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.