Colorado 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 Colorado Restricted Stock Plan of Guilford Mills, Inc. The Colorado Restricted Stock Plan of Guilford Mills, Inc. is a comprehensive employee compensation program specifically designed for employees based in Colorado. This plan aims to reward and incentivize employees who play a key role in the growth and success of Guilford Mills, Inc. by providing them with restricted stock as a form of compensation. Restricted stock refers to company shares granted to employees, subject to certain restrictions and conditions. It serves as an effective tool to align the interests of employees with the long-term goals of the company. This type of compensation structure ensures that employees have a vested interest in the company's performance and motivates them to contribute to its success. Under the Colorado Restricted Stock Plan of Guilford Mills, Inc., qualifying employees receive a predetermined number of restricted stock units (RSS). This RSS represents a specific number of company shares that are granted to employees but are restricted in terms of their transferability and sale. The restrictions typically lapse over a predetermined vesting period, which ensures that employees remain committed to the organization for the long term. By offering employees restricted stock, Guilford Mills, Inc. aims to attract and retain top talent in Colorado, fostering loyalty and commitment. As employees become partial owners of the company through this RSS, they are encouraged to take an active interest in the company's performance, growth, and profitability. The Colorado Restricted Stock Plan of Guilford Mills, Inc. may include various types of restricted stock grants, tailored to meet the specific needs and circumstances of different employee groups within the organization. These grants may include: 1. Performance-Based Restricted Stock: This type of grant is contingent upon the achievement of predetermined performance targets set by the company. Employees are rewarded with restricted stock once they meet or exceed these targets. 2. Time-Vested Restricted Stock: This grant is subject to time-based vesting conditions. The restricted stock becomes fully transferable and sellable to employees once they have completed a predetermined period of continuous service with the company. 3. Market Conditions Restricted Stock: This type of grant depends on market conditions, such as the company's stock price, industry performance, or other market benchmarks. The restricted stock becomes available to employees when these conditions are met. The specific terms, conditions, and eligibility criteria of the Colorado Restricted Stock Plan of Guilford Mills, Inc. may vary and are outlined in the plan documents provided to employees. This plan reflects Guilford Mills, Inc.'s commitment to attracting and retaining highly skilled employees in Colorado, fostering their dedication, and aligning their interests with the long-term success of the company.

Colorado Restricted Stock Plan of Guilford Mills, Inc. The Colorado Restricted Stock Plan of Guilford Mills, Inc. is a comprehensive employee compensation program specifically designed for employees based in Colorado. This plan aims to reward and incentivize employees who play a key role in the growth and success of Guilford Mills, Inc. by providing them with restricted stock as a form of compensation. Restricted stock refers to company shares granted to employees, subject to certain restrictions and conditions. It serves as an effective tool to align the interests of employees with the long-term goals of the company. This type of compensation structure ensures that employees have a vested interest in the company's performance and motivates them to contribute to its success. Under the Colorado Restricted Stock Plan of Guilford Mills, Inc., qualifying employees receive a predetermined number of restricted stock units (RSS). This RSS represents a specific number of company shares that are granted to employees but are restricted in terms of their transferability and sale. The restrictions typically lapse over a predetermined vesting period, which ensures that employees remain committed to the organization for the long term. By offering employees restricted stock, Guilford Mills, Inc. aims to attract and retain top talent in Colorado, fostering loyalty and commitment. As employees become partial owners of the company through this RSS, they are encouraged to take an active interest in the company's performance, growth, and profitability. The Colorado Restricted Stock Plan of Guilford Mills, Inc. may include various types of restricted stock grants, tailored to meet the specific needs and circumstances of different employee groups within the organization. These grants may include: 1. Performance-Based Restricted Stock: This type of grant is contingent upon the achievement of predetermined performance targets set by the company. Employees are rewarded with restricted stock once they meet or exceed these targets. 2. Time-Vested Restricted Stock: This grant is subject to time-based vesting conditions. The restricted stock becomes fully transferable and sellable to employees once they have completed a predetermined period of continuous service with the company. 3. Market Conditions Restricted Stock: This type of grant depends on market conditions, such as the company's stock price, industry performance, or other market benchmarks. The restricted stock becomes available to employees when these conditions are met. The specific terms, conditions, and eligibility criteria of the Colorado Restricted Stock Plan of Guilford Mills, Inc. may vary and are outlined in the plan documents provided to employees. This plan reflects Guilford Mills, Inc.'s commitment to attracting and retaining highly skilled employees in Colorado, fostering their dedication, and aligning their interests with the long-term success of the company.