California Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• Control #: US-CC-18-200A
• Format: Word; Rich Text

Description

18-200A 18-200A . . . Restricted Stock Plan under which (a) Compensation Committee determines those employees of corporation and subsidiaries who are eligible to receive awards of Restricted Shares, (b) Restricted Shares are forfeitable and nontransferable for specified period of time, (c) transfer restrictions remain in place until earliest of (i) later of either employee's termination of employment or lapse of forfeiture restrictions, (ii) change in control with respect to corporation, or (iii) termination of Plan. Restricted Shares are subject to compete forfeiture until earliest to occur of (i) later of either employee's attainment of age 55 or fifth anniversary of May 31st immediately preceding date on which Restricted Shares were awarded, (ii) retirement of employee on or after attainment of age 65, or (iii) change in control with respect to corporation The California Restricted Stock Plan of RPM, Inc. is a specialized stock incentive program designed for employees of RPM, Inc., a company based in California. This plan offers a unique opportunity for eligible employees to acquire company stock through restricted stock units (RSS). RSS is a form of equity compensation wherein employees are given the right to receive company stock at a future date, subject to certain conditions. Under the California Restricted Stock Plan of RPM, Inc., employees are granted a specified number of RSS based on their performance, tenure, or other predetermined criteria. The RSS are subject to a vesting schedule, meaning the employees must meet specific conditions, such as remaining with the company for a specified period of time, to obtain ownership of the stock. This approach ensures that employees have a vested interest in the long-term success of RPM, Inc. This type of stock plan offers several advantages to employees. Firstly, it provides them with an opportunity to share in the company's growth and success. As the value of the stock increases over time, employees have the potential to realize significant financial gains. Secondly, RSS often provide a sense of ownership and loyalty among employees, as they align their interests with those of the company. This can contribute to increased motivation, productivity, and retention rates. Additionally, the California Restricted Stock Plan of RPM, Inc. may encompass various types of RSS or offer different variations, depending on the specific needs and objectives of RPM, Inc. Some possible types of RSS under this plan could include performance-based RSS, time-based RSS, market-based RSS, or a combination thereof. Each type may involve different vesting criteria, evaluation periods, or performance metrics. The performance-based RSS are typically tied to specific performance goals, such as reaching revenue targets, achieving operational milestones, or increasing shareholder value. Time-based RSS, on the other hand, vest gradually over a predetermined period, incentivizing employees to remain with the company and contribute to its long-term success. Market-based RSS are linked to the overall performance of RPM, Inc. in comparison to its industry peers or stock market indices. In summary, the California Restricted Stock Plan of RPM, Inc. is a comprehensive stock incentive program that aims to reward and retain talented employees. With various types of RSS available, this plan enables employees to acquire company stock and benefit from its potential growth. By aligning the interests of employees with those of RPM, Inc., this plan fosters a sense of ownership, loyalty, and motivation, ultimately contributing to the company's overall success.

The California Restricted Stock Plan of RPM, Inc. is a specialized stock incentive program designed for employees of RPM, Inc., a company based in California. This plan offers a unique opportunity for eligible employees to acquire company stock through restricted stock units (RSS). RSS is a form of equity compensation wherein employees are given the right to receive company stock at a future date, subject to certain conditions. Under the California Restricted Stock Plan of RPM, Inc., employees are granted a specified number of RSS based on their performance, tenure, or other predetermined criteria. The RSS are subject to a vesting schedule, meaning the employees must meet specific conditions, such as remaining with the company for a specified period of time, to obtain ownership of the stock. This approach ensures that employees have a vested interest in the long-term success of RPM, Inc. This type of stock plan offers several advantages to employees. Firstly, it provides them with an opportunity to share in the company's growth and success. As the value of the stock increases over time, employees have the potential to realize significant financial gains. Secondly, RSS often provide a sense of ownership and loyalty among employees, as they align their interests with those of the company. This can contribute to increased motivation, productivity, and retention rates. Additionally, the California Restricted Stock Plan of RPM, Inc. may encompass various types of RSS or offer different variations, depending on the specific needs and objectives of RPM, Inc. Some possible types of RSS under this plan could include performance-based RSS, time-based RSS, market-based RSS, or a combination thereof. Each type may involve different vesting criteria, evaluation periods, or performance metrics. The performance-based RSS are typically tied to specific performance goals, such as reaching revenue targets, achieving operational milestones, or increasing shareholder value. Time-based RSS, on the other hand, vest gradually over a predetermined period, incentivizing employees to remain with the company and contribute to its long-term success. Market-based RSS are linked to the overall performance of RPM, Inc. in comparison to its industry peers or stock market indices. In summary, the California Restricted Stock Plan of RPM, Inc. is a comprehensive stock incentive program that aims to reward and retain talented employees. With various types of RSS available, this plan enables employees to acquire company stock and benefit from its potential growth. By aligning the interests of employees with those of RPM, Inc., this plan fosters a sense of ownership, loyalty, and motivation, ultimately contributing to the company's overall success.