Rhode Island Restricted Stock Bonus Plan is a comprehensive compensation program offered by McDonald and Company Investments, Inc. to eligible employees based in Rhode Island. This plan serves as an incentive for employees to contribute to the company's long-term success by rewarding them with restricted stock grants. These grants are typically subject to specific vesting conditions, ensuring that employees remain committed to the company's objectives for a predetermined period. As part of the Rhode Island Restricted Stock Bonus Plan, McDonald and Company Investments, Inc. offers various types of restricted stock grants to its employees. These types can include performance-based restricted stock units (RSS), time-based RSS, and restricted stock options. Each type of grant may have different requirements and conditions that employees must meet to earn and eventually receive the stock award. Performance-based restricted stock units are typically tied to individual or company performance goals and metrics. Employees will receive a certain number of RSS based on their performance or the company's performance exceeding predetermined targets. This type of grant motivates employees to actively contribute to the company's growth and profitability, aligning their interests with those of shareholders. Time-based RSS are granted to employees based on their length of service with the company. These RSS vest over a specified period, usually in annual increments, encouraging long-term loyalty and commitment. Employees will receive the awarded shares once the vesting period is complete. Restricted stock options provide employees with the right to purchase company stock at a predetermined price, often referred to as the exercise price or strike price. These options usually have a vesting period and an expiration date, incentivizing employees to stay with the company while also potentially benefiting from stock price appreciation. It's important to note that the specific details, terms, and conditions of the Rhode Island Restricted Stock Bonus Plan of McDonald and Company Investments, Inc. may vary based on the individual employee's position, performance, and level within the company. Eligible employees are typically provided with a comprehensive plan document outlining all the specifics related to their restricted stock grants. In summary, the Rhode Island Restricted Stock Bonus Plan of McDonald and Company Investments, Inc. is a comprehensive compensation program offering restricted stock grants to eligible employees. These grants can include performance-based RSS, time-based RSS, and restricted stock options, each serving as a long-term incentive for employees to contribute to the company's success.