Connecticut 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 Connecticut Restricted Stock Plan of RPM, Inc. is a comprehensive program that provides employees of RPM, Inc., a leading corporation based in Connecticut, with the opportunity to acquire shares of the company's stock under specific restrictions. This plan offers various types of restricted stock options, each designed to suit the diverse needs and goals of the employees. One example of a Connecticut Restricted Stock Plan offered by RPM, Inc. is the Performance-Based Restricted Stock Plan. Under this plan, employees are granted shares of the company's stock, which are subject to certain performance metrics and vesting periods. The stock is granted to employees based on their individual or team performance targets and achievements. Another variation of the Connecticut Restricted Stock Plan is the Time-Based Restricted Stock Plan. This plan grants employees shares of the company's stock, which vest over a specific period of time. Employees must fulfill predetermined criteria, such as continued employment or achieving specific milestones, to obtain full ownership of the stock. Furthermore, RPM, Inc. may also offer the Restricted Stock Units (RSS) Plan. This type of plan grants employees the right to receive shares of the company's stock at a future date, usually upon the occurrence of certain conditions or milestones. RSS are often used to incentivize long-term commitment and performance among employees. The Connecticut Restricted Stock Plan of RPM, Inc. serves as a valuable tool to attract, motivate, and retain talented employees. It offers participants the potential for financial growth and aligns their interests with the success of the company. Through these various types of plans, employees have the opportunity to accumulate stock in RPM, Inc. while adhering to the specific terms and restrictions outlined in each plan. It's a win-win situation, fostering employee engagement and driving the overall prosperity of the organization.

The Connecticut Restricted Stock Plan of RPM, Inc. is a comprehensive program that provides employees of RPM, Inc., a leading corporation based in Connecticut, with the opportunity to acquire shares of the company's stock under specific restrictions. This plan offers various types of restricted stock options, each designed to suit the diverse needs and goals of the employees. One example of a Connecticut Restricted Stock Plan offered by RPM, Inc. is the Performance-Based Restricted Stock Plan. Under this plan, employees are granted shares of the company's stock, which are subject to certain performance metrics and vesting periods. The stock is granted to employees based on their individual or team performance targets and achievements. Another variation of the Connecticut Restricted Stock Plan is the Time-Based Restricted Stock Plan. This plan grants employees shares of the company's stock, which vest over a specific period of time. Employees must fulfill predetermined criteria, such as continued employment or achieving specific milestones, to obtain full ownership of the stock. Furthermore, RPM, Inc. may also offer the Restricted Stock Units (RSS) Plan. This type of plan grants employees the right to receive shares of the company's stock at a future date, usually upon the occurrence of certain conditions or milestones. RSS are often used to incentivize long-term commitment and performance among employees. The Connecticut Restricted Stock Plan of RPM, Inc. serves as a valuable tool to attract, motivate, and retain talented employees. It offers participants the potential for financial growth and aligns their interests with the success of the company. Through these various types of plans, employees have the opportunity to accumulate stock in RPM, Inc. while adhering to the specific terms and restrictions outlined in each plan. It's a win-win situation, fostering employee engagement and driving the overall prosperity of the organization.