Kansas 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

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 Kansas Long Term Performance and Restricted Stock Incentive Plan, provided by INALCOL Enterprises, Inc., is a comprehensive program designed to drive long-term performance and reward key individuals within the organization. This strategic plan offers various types of incentives to eligible participants, including restricted stock awards and performance-based stock units. One type of incentive under the Kansas Long Term Performance and Restricted Stock Incentive Plan is the Restricted Stock Award. This award grants eligible individuals a specific number of shares of INALCOL Enterprises, Inc. stock, which are subject to certain restrictions and conditions. These restrictions often include a vesting period, which requires the recipient to remain with the company for a specified period before they obtain complete ownership of the awarded shares. By tying the ownership and benefit of the stock to continued employment, this component of the plan promotes employee retention and long-term commitment to the company's success. Another key element of the plan is the Performance-Based Stock Units (Pass). These units are designed to reward eligible participants based on the achievement of predetermined performance goals. The performance goals can vary based on the individual's position, department, or the overall company's objectives. Successful attainment of these goals can result in the conversion of the Pass into actual shares of INALCOL Enterprises, Inc. stock, providing participants with additional ownership and potential financial benefits. The Kansas Long Term Performance and Restricted Stock Incentive Plan aims to align the interests of employees with the long-term growth and prosperity of INALCOL Enterprises, Inc. By providing incentives tied to stock ownership, the plan encourages participants to act in the best interests of the company and its shareholders. This ensures that employees are motivated to make decisions and take actions that contribute to the organization's overall success, growth, and profitability. It's important to note that the details and specific provisions of the Kansas Long Term Performance and Restricted Stock Incentive Plan can vary based on individual agreements and terms between the company and the eligible participants. Therefore, it is essential for individuals to review their own plan documents for a complete understanding of their rights, restrictions, and potential benefits under this program. Overall, the Kansas Long Term Performance and Restricted Stock Incentive Plan of INALCOL Enterprises, Inc. is a strategic and comprehensive program that aims to reward key employees, promote retention, and align the interests of participants with the long-term success of the company. Through various incentives, such as restricted stock awards and performance-based stock units, this plan encourages employees to contribute to the growth and prosperity of INALCOL Enterprises, Inc., ultimately benefiting both individuals and the organization as a whole.

Free preview
  • Preview Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.
  • Preview Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.
  • Preview Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.
  • Preview Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.
  • Preview Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.
  • Preview Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.
  • Preview Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.
  • Preview Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.
  • Preview Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.
  • Preview Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.
  • Preview Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.

How to fill out Kansas Long Term Performance And Restricted Stock Incentive Plan Of Ipalco Enterprises, Inc.?

You are able to spend time on the web attempting to find the lawful file web template that meets the federal and state specifications you want. US Legal Forms gives a large number of lawful forms which can be reviewed by specialists. You can easily obtain or printing the Kansas Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc. from your service.

If you already possess a US Legal Forms bank account, you are able to log in and click on the Acquire key. Afterward, you are able to comprehensive, edit, printing, or signal the Kansas Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.. Each lawful file web template you purchase is yours permanently. To acquire yet another version of any bought form, check out the My Forms tab and click on the related key.

If you use the US Legal Forms site the very first time, adhere to the simple recommendations under:

  • Initially, be sure that you have selected the proper file web template for that county/city of your choosing. Browse the form explanation to make sure you have picked the right form. If readily available, make use of the Review key to appear through the file web template also.
  • If you would like find yet another variation from the form, make use of the Look for discipline to get the web template that meets your needs and specifications.
  • When you have found the web template you need, simply click Get now to continue.
  • Choose the costs prepare you need, key in your references, and register for your account on US Legal Forms.
  • Complete the purchase. You can use your bank card or PayPal bank account to cover the lawful form.
  • Choose the structure from the file and obtain it to the system.
  • Make modifications to the file if necessary. You are able to comprehensive, edit and signal and printing Kansas Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc..

Acquire and printing a large number of file templates using the US Legal Forms site, that provides the most important selection of lawful forms. Use expert and state-specific templates to tackle your organization or individual needs.

Form popularity

FAQ

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).

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.

LTIPs can be taxed at different stages of their life cycle ? Grant, Vesting, Exercise and Sale, depending on the type of LTI award. For example, you typically won't pay tax for your ISO awards until selling them while you'll be charged income tax at the time of exercising your NSO awards.

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.

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 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.

RSUs are taxed as income to you when they vest. If you sell your shares immediately, there is no capital gain tax, and you only pay ordinary income taxes. If instead, the shares are held beyond the vesting date, any gain (or loss) is taxed as a capital gain (or loss).

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.

More info

Corporations. Performance Plan Form. US Legal Forms offers document samples for all kinds of purposes from job packages to property sales, etc. This guide will help you understand which documents are needed and how they're used when you, or your tax advisor, file your taxes. Stock Plan Services. Filing ...1. Grant of Restricted Stock Units. The Company hereby awards to Participant, as of the Award Date, up to the Maximum Number of RSUs set forth in the Award ... Oct 19, 2023 — A restricted stock unit is a substitute for an actual stock grant. If your company gives you an RSU, you don't actually receive company ... A restricted stock unit (RSU) is an award of shares that comes with conditions, usually a vesting period before they are transferred. The Company hereby grants to the Grantee a Performance Based Restricted Stock Units Award for Units, representing the right to receive the same number of shares ... Aug 5, 2021 — Restricted stock units (RSUs) the most common type of equity compensation ... Stock options with a special holding requirement are taxed as long- ... Apr 26, 2023 — A stock option lets you purchase equity in a company at a determined price within a certain window of time. You do not have any obligation to ... This Form 10-K and our 2018 Annual Report to Shareholders contain “forward-looking statements” intended to qualify for the safe harbor from liability. a Long-Term Incentive Plan (the Incentive Plan) that covers key executives ... made on the open market. IPALCO has a stock option plan (1990 Plan) for key ...

Trusted and secure by over 3 million people of the world’s leading companies

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