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
Florida Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.
State:
Multi-State
Control #:
US-CC-20-174D
Format:
Word;
Rich Text
Instant download
Description
Free preview
How to fill out Long Term Performance And Restricted Stock Incentive Plan Of Ipalco Enterprises, Inc.?
If you wish to complete, acquire, or print legitimate record web templates, use US Legal Forms, the most important variety of legitimate forms, that can be found on the Internet. Use the site`s simple and practical search to obtain the documents you want. A variety of web templates for organization and person functions are categorized by classes and states, or keywords. Use US Legal Forms to obtain the Florida Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc. in just a couple of click throughs.
Should you be presently a US Legal Forms consumer, log in to your profile and click on the Download key to have the Florida Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.. You can even gain access to forms you earlier downloaded from the My Forms tab of your own profile.
If you are using US Legal Forms the very first time, refer to the instructions beneath:
- Step 1. Be sure you have chosen the shape for the appropriate city/land.
- Step 2. Utilize the Preview method to examine the form`s articles. Never overlook to learn the explanation.
- Step 3. Should you be unsatisfied with the develop, make use of the Lookup industry on top of the screen to locate other models in the legitimate develop format.
- Step 4. Upon having found the shape you want, select the Purchase now key. Opt for the pricing prepare you prefer and add your references to sign up on an profile.
- Step 5. Process the financial transaction. You should use your Мisa or Ьastercard or PayPal profile to finish the financial transaction.
- Step 6. Pick the file format in the legitimate develop and acquire it on the product.
- Step 7. Full, edit and print or indication the Florida Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc..
Every single legitimate record format you purchase is your own eternally. You have acces to every develop you downloaded within your acccount. Click on the My Forms segment and decide on a develop to print or acquire once more.
Compete and acquire, and print the Florida Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc. with US Legal Forms. There are millions of expert and status-distinct forms you can utilize for the organization or person needs.
Form popularity
FAQ
Equity compensation is non-cash pay that is offered to employees. Equity compensation may include options, restricted stock, and performance shares; all of these investment vehicles represent ownership in the firm for a company's employees. At times, equity compensation may accompany a below-market salary.
1 There are many ways to structure an employee equity program, but the vast majority of private companies choose stock options (options) or restricted stock units (RSUs).
A company can choose to grant equity based on a predefined value on the grant date or predefined number of shares (the former is more popular). Unlike an appreciation-based award, a restricted stock will still have value upon vesting even if the per-stock value decreases.
You lose all your unvested RSU shares when you quit your job. For the vested RSU shares that are already in your brokerage account, you can keep those since it is your money as soon as it vests.
Some investors opt to sell their RSUs right away, before they have an opportunity to gain or lose value. It is a savvy way to minimize these capital gains taxes and avoid RSUs being taxed twice.
In summary, RSUs in public companies offer more immediate liquidity, allowing employees to sell their shares as soon as they vest. On the other hand, private company RSUs involve waiting for specific events or finding a willing buyer to access the value of the shares.
RSUs have no actual financial value to the employee when issued. However, once they vest, employees can receive shares of stock or, less commonly, an equivalent value in cash. Until the RSUs vest, they remain an unfunded promise to compensate the recipient at some point in the future.
The main difference between restricted stock and performance shares is that restricted stock is typically awarded to employees with the condition that they remain with the company for a certain period of time, while performance shares are awarded to employees based on the company's performance.