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
Sacramento California Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.
State:
Multi-State
County:
Sacramento
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.?
Generating legal documents is essential in the modern era. However, you don’t always have to seek expert assistance for drafting certain types from scratch, including Sacramento Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc., with a service like US Legal Forms.
US Legal Forms features over 85,000 templates across diverse categories ranging from living wills to property documents to divorce paperwork. All templates are categorized by their respective state, which simplifies the search process.
You can also access extensive resources and guides on the website to simplify any tasks related to document execution.
If you are already subscribed to US Legal Forms, you can locate the relevant Sacramento Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc., Log In to your account, and download it. Naturally, our platform cannot fully replace a lawyer. If you are faced with a particularly complex issue, we advise utilizing an attorney's services to review your document before signing and submitting it.
With over 25 years in the industry, US Legal Forms has established itself as a trusted resource for a variety of legal documents for millions of individuals. Join them today and effortlessly acquire your state-compliant paperwork!
- Examine the document's preview and description (if available) to obtain fundamental information on what you’ll receive once you acquire the document.
- Verify that the document you select is customized for your state/county/region, as state regulations can affect the legitimacy of certain documents.
- Review related document samples or restart your search to find the appropriate document.
- Click Buy now and create your account. If you already possess an account, opt to Log In.
- Select the pricing {plan, choose a required payment method, and purchase Sacramento Long Term Performance and Restricted Stock Incentive Plan of Ipalco Enterprises, Inc.
- Decide to save the form template in any accessible format.
- Navigate to the My documents tab to re-download the document.
Form popularity
FAQ
Double-trigger RSUs are not taxed while a company is private. Instead, they are taxed when two conditions are true: Time-based requirement (vesting schedule) Liquidity event requirement: your company must IPO.
Taxation. With RSUs, you are taxed when the shares are delivered, which is almost always at vesting. Your taxable income is the market value of the shares at vesting. You have compensation income subject to federal and employment tax (Social Security and Medicare) and any state and local tax.
Are RSUs Taxed Twice? There is no double taxation on RSUs. Despite this, it can seem that RSUs are taxed twice if you hold on to the stock and its value increases before you sell it. You are taxed at the ordinary income tax rate as soon as they vest and you own them.
Taxation. With RSUs, you are taxed when the shares are delivered, which is almost always at vesting. Your taxable income is the market value of the shares at vesting. You have compensation income subject to federal and employment tax (Social Security and Medicare) and any state and local tax.
Since stock you receive through stock grants and RSUs is essentially compensation, you'll usually see it reported automatically on your W-2. Typically, income taxes are withheld to go against what you might owe when you do your taxes.
Upon vesting, the value of the restricted stock is taxed as compensation to the employee, and is subject to income tax withholding and applicable payroll taxes. The employer receives a corresponding deduction in its tax year which includes Dec. 31 of the year in which the employee recognizes the income.
Since stock you receive through stock grants and RSUs is essentially compensation, you'll usually see it reported automatically on your W-2. Typically, income taxes are withheld to go against what you might owe when you do your taxes.
RSU income is reported in Box 14 ?Other? on your W-2. It will likely list the total dollar amount followed by the acronym ?RSU.? Any sell-to-cover withholdings will be combined with your regular withholdings in boxes 2, 4, and 6.
If you're granted a restricted stock award, you have two choices: you can pay ordinary income tax on the award when it's granted and pay long-term capital gains taxes on the gain when you sell, or you can pay ordinary income tax on the whole amount when it vests.