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
Montana 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.?
You may invest time on the Internet looking for the legal record template which fits the state and federal needs you want. US Legal Forms gives a large number of legal types that happen to be reviewed by professionals. You can easily download or print out the Montana Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc. from our services.
If you already possess a US Legal Forms account, you can log in and then click the Download switch. Afterward, you can total, modify, print out, or signal the Montana Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.. Every single legal record template you buy is yours eternally. To have yet another copy of any bought develop, go to the My Forms tab and then click the related switch.
If you are using the US Legal Forms site the first time, adhere to the simple instructions below:
- Initial, make certain you have chosen the proper record template for your area/city that you pick. Look at the develop explanation to ensure you have picked out the right develop. If offered, make use of the Review switch to search through the record template also.
- If you would like find yet another variation from the develop, make use of the Search area to obtain the template that fits your needs and needs.
- Once you have found the template you desire, click on Buy now to continue.
- Pick the pricing strategy you desire, enter your credentials, and sign up for a merchant account on US Legal Forms.
- Comprehensive the deal. You can use your charge card or PayPal account to cover the legal develop.
- Pick the format from the record and download it in your system.
- Make modifications in your record if required. You may total, modify and signal and print out Montana Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc..
Download and print out a large number of record layouts while using US Legal Forms site, which provides the largest variety of legal types. Use skilled and state-particular layouts to tackle your company or individual requires.
Form popularity
FAQ
Restricted stock units give employees interest in their employer's equity but have no tangible value until they are vested. The RSUs are assigned a fair market value (FMV) when they vest. Restricted stock units are considered income once vested, and a portion of the shares is withheld to pay income taxes.
Through LTIPs, a new long-term incentive can be granted to an employee every year, rather than a one-time incentive, similar to a holiday bonus.
An example of a long-term incentive could be a cash plan, equity plan or share plan. A long-term incentive plan can typically run between three years and five years before the full benefit of the incentive is received by the employee.
What Is a Long-Term Incentive Plan? A long-term incentive plan (LTIP) is a company policy that rewards employees for reaching specific goals that lead to increased shareholder value. In a typical LTIP, the employee, usually an executive, must fulfill various conditions or requirements.
An LTIP works by rewarding employees (usually senior employees) with cash or shares of company stock for meeting specific goals. The goals are usually long-term, running for 3-5 years to stimulate ongoing progress rather than a-few-months objectives.
term incentive plan (LTIP) incentivizes employees to take actions that will maximize shareholder value and promote longterm growth for the organization. In a standard LTIP, the employee, who is normally a senior executive, is required to meet a number of criteria to receive the incentive.
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.
The accounting for restricted stock awards can be quite technical. For example, if actual shares are delivered to the employee, then journal entries would impact equity. If the value of the shares is paid in cash, then the company would most likely record a liability.