SEC Contract Filing

Filing Date: 2022-02-25

Document Content:
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<DIV><FONT size="1" style="font-size:1pt;color:white">November 2021 &#8211; Performance Cash Unit Supplement Ameriprise Financial, Inc. Performance Cash Unit (&#8220;PCU&#8221;) Supplement to the Long-Term Incentive Award (&#8220;LTIA&#8221;) Program Guide [For U.S. and India Employees] November 2021 </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">November 2021 &#8211; Performance Cash Unit Supplement TABLE OF CONTENTS Introduction 1 Overview 1 Governing Award Documents 1 Award Certificates 1 Definitions 1 PCU Award Program 2 Overview 2 Eligible Participants 2 Award Value (at Target) 2 Payout Determination 2 PCU Payout 3 Payment 3 Illustration 3 Performance Matrix 4 TSR Adjustment Matrix 4 PCU Payout 4 Effect of Certain Events 5 Termination Prior to Payment Date 5 Death or Disability 5 Retirement 5 Change in Control 5 Certain Corporate Transactions 6 Administration 6 Amendment 7 Definitions 7 Miscellaneous Provisions 9 Committee Adjustments 9 No Assignment 9 No Right to Continued Employment 9 No Right to Awards 10 Compliance with Section 409A 10 Tax Implications 10 Contact Information 11 </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">November 2021 &#8211; Performance Cash Unit Supplement 1 Introduction Overview This Supplement to the LTIA Program Guide (the &#8220;Guide&#8221;) provides information about the terms and conditions of Performance Cash Unit awards (&#8220;PCU Awards&#8221;). A PCU Award is a long-term incentive opportunity that is tied to certain performance goals and awarded under the Ameriprise Financial 2005 Incentive Compensation Plan (the &#8220;Plan&#8221;). PCU Awards are made to eligible employees of Ameriprise Financial, Inc., and any of its affiliates participating in the Plan (collectively, the &#8220;Company&#8221; or &#8220;Ameriprise&#8221;), as determined by the Compensation and Benefits Committee of the Board of Directors of the Company (the &#8220;Committee&#8221;). The features of PCU Awards may be different than those shown in this Supplement in order to meet local regulatory or other requirements. PCU Awards are granted at the discretion of the Company and the Committee or, to the extent permitted by the Plan and the Company&#8217;s Long- Term Incentive Award structure and design, its designee, and are subject to local market regulations and legislation, which could change at any time. Also note that while the tax laws that apply to recipients of PCU Awards are based on each employee&#8217;s tax jurisdiction, most tax information provided in this Supplement is generally for U.S. purposes only. Any tax information provided in this Supplement is not intended to constitute tax advice. The Company urges all employees to consult their personal tax advisor with any questions or issues regarding their PCU Awards. Governing Award Documents Each PCU Award is subject to the applicable terms and conditions contained in the Plan, the Guide, including the Detrimental Conduct Provisions attached to the Guide, any applicable Award Certificate and this Supplement. These documents, along with Committee decisions, will govern in cases of conflict, ambiguity or miscommunication. In the event of a conflict between the Plan and the Guide or this Supplement, the Plan document shall control. Award Certificates Award Certificates for PCU Awards will generally be distributed to employees either via regular or electronic mail. Participants should retain electronically distributed PCU Award documents for their records. Definitions Capitalized terms have the meanings given to them in the &#8220;Definitions&#8221; section towards the end of, or elsewhere in, this Supplement. Capitalized terms that are not defined in this Supplement have the meanings given such terms in the Plan, the Guide or the Award Certificate, as applicable. </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">November 2021 &#8211; Performance Cash Unit Supplement 2 PCU Award Program Overview A PCU Award is a long-term incentive opportunity that is designed to reward senior leaders for the Company&#8217;s financial performance over a three-year performance period. A PCU Award is evidenced by an Award Certificate, setting forth the applicable Award Date, Performance Period, Performance Matrix and Total Shareholder Return (&#8220;TSR&#8221;) Adjustment Matrix. The amount payable to a Participant under a PCU Award is dependent upon the performance of the Company as compared to the performance criteria in the Performance Matrix and TSR Adjustment Matrix described in this Supplement and the Participant&#8217;s Award Certificate, as well as the Participant&#8217;s continued employment with the Company. As a result of these requirements, the payment that a Participant receives may be greater or lesser than the Participant&#8217;s Award Value (at Target), or the perf