Arizona Restricted Stock Plan of Guilford Mills, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-20-170A
• Format: Word; Rich Text

Description

20-170A 20-170A . . . Restricted Stock Plan under which Compensation Committee grants awards of shares of common stock in accordance with terms and conditions set forth in agreement between corporation and participant. Each Stock Agreement contains such individual and corporate performance goals, restrictions, terms and conditions as Compensation Committee may require including price, if any, which participant shall be required to pay for shares The Arizona Restricted Stock Plan of Guilford Mills, Inc. is a comprehensive equity compensation program offered by the company to its employees. This plan serves as a means to reward and motivate employees while aligning their interests with the long-term success of the organization. Guilford Mills, Inc. is a renowned textiles company based in Arizona that specializes in producing high-quality fabrics for various industries such as automotive, healthcare, and apparel. The Arizona Restricted Stock Plan is designed to grant restricted stock units (RSS) to eligible employees, providing them with an opportunity to gain ownership in the company. RSS is a form of equity compensation where employees receive shares of the company's stock that are subject to certain restrictions and vesting requirements. Through this plan, Guilford Mills, Inc. aims to cultivate a sense of ownership among its employees, encouraging them to carry out their responsibilities diligently and contribute to the company's growth. By granting RSS, employees have a vested interest in the success of the company, resulting in increased dedication, loyalty, and motivation. The Arizona Restricted Stock Plan of Guilford Mills, Inc. encompasses multiple types of restricted stock units. These include: 1. Performance-Based RSS: Performance-based RSS are granted based on predetermined performance goals and targets set by the company. Employees have the opportunity to earn additional RSS if they meet or exceed these performance criteria. This type of RSU encourages employees to strive for excellence and contribute to the company's overall performance. 2. Time-Based RSS: Time-based RSS are granted to employees based on a predetermined vesting schedule. This RSS typically vest over a specific period, incentivizing employees to remain with the company for a certain duration of time. Vesting schedules may vary, but commonly range from three to five years. 3. Employee Stock Purchase Plan (ESPN): In addition to RSS, Guilford Mills, Inc. may offer an Employee Stock Purchase Plan as part of the Arizona Restricted Stock Plan. The ESPN enables eligible employees to purchase company stock at a discounted price, typically through payroll deductions. This plan allows employees to accumulate company stock over time and profit from potential appreciation. Overall, the Arizona Restricted Stock Plan of Guilford Mills, Inc. reinforces a sense of ownership, loyalty, and commitment among employees. By providing them with a stake in the company's success, Guilford Mills, Inc. fosters a more engaged and motivated workforce.

The Arizona Restricted Stock Plan of Guilford Mills, Inc. is a comprehensive equity compensation program offered by the company to its employees. This plan serves as a means to reward and motivate employees while aligning their interests with the long-term success of the organization. Guilford Mills, Inc. is a renowned textiles company based in Arizona that specializes in producing high-quality fabrics for various industries such as automotive, healthcare, and apparel. The Arizona Restricted Stock Plan is designed to grant restricted stock units (RSS) to eligible employees, providing them with an opportunity to gain ownership in the company. RSS is a form of equity compensation where employees receive shares of the company's stock that are subject to certain restrictions and vesting requirements. Through this plan, Guilford Mills, Inc. aims to cultivate a sense of ownership among its employees, encouraging them to carry out their responsibilities diligently and contribute to the company's growth. By granting RSS, employees have a vested interest in the success of the company, resulting in increased dedication, loyalty, and motivation. The Arizona Restricted Stock Plan of Guilford Mills, Inc. encompasses multiple types of restricted stock units. These include: 1. Performance-Based RSS: Performance-based RSS are granted based on predetermined performance goals and targets set by the company. Employees have the opportunity to earn additional RSS if they meet or exceed these performance criteria. This type of RSU encourages employees to strive for excellence and contribute to the company's overall performance. 2. Time-Based RSS: Time-based RSS are granted to employees based on a predetermined vesting schedule. This RSS typically vest over a specific period, incentivizing employees to remain with the company for a certain duration of time. Vesting schedules may vary, but commonly range from three to five years. 3. Employee Stock Purchase Plan (ESPN): In addition to RSS, Guilford Mills, Inc. may offer an Employee Stock Purchase Plan as part of the Arizona Restricted Stock Plan. The ESPN enables eligible employees to purchase company stock at a discounted price, typically through payroll deductions. This plan allows employees to accumulate company stock over time and profit from potential appreciation. Overall, the Arizona Restricted Stock Plan of Guilford Mills, Inc. reinforces a sense of ownership, loyalty, and commitment among employees. By providing them with a stake in the company's success, Guilford Mills, Inc. fosters a more engaged and motivated workforce.