Connecticut 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 Connecticut Restricted Stock Plan of Guilford Mills, Inc. is a comprehensive employee benefit program that offers restricted stock options to eligible employees within the company. This plan is designed to incentivize and reward employees for their contributions and commitment to the success of Guilford Mills, Inc. by providing them with the opportunity to acquire company stock. The Connecticut Restricted Stock Plan of Guilford Mills, Inc. aims to align the interests of employees with those of the shareholders. By granting restricted stock options, the company offers employees the right to acquire shares of company stock at a predetermined price, usually below the market value, subject to certain restrictions and vesting requirements. Under the plan, there are multiple types of restricted stock grants available to employees. These include: 1. Performance-Based Restricted Stock: This type of grant is awarded based on the achievement of specific performance targets or goals established by Guilford Mills, Inc. This encourages employees to contribute to the company's growth and success, as their stock allocation depends on meeting these predefined milestones. 2. Time-Based Restricted Stock: This grant is based on the employee's tenure with the company. The shares awarded to the employee will vest gradually over a specified period, usually spanning several years. This encourages loyalty and helps retain valuable employees in the long term. 3. Restricted Stock Units (RSS): RSS represent a promise to deliver company stock to employees at a future date, subject to vesting requirements and certain conditions. RSS are often used as an alternative to traditional stock options, providing employees with a direct equity interest in the company. The Connecticut Restricted Stock Plan of Guilford Mills, Inc. supports the company's overall compensation strategy and serves as a retention tool for attracting and retaining top talent. It helps align employee interests with the company's performance, fostering a sense of ownership and motivation among participants. By providing employees with the opportunity to share in the success of Guilford Mills, Inc., the plan aims to create a mutually beneficial relationship between the company and its workforce. Keywords: Connecticut Restricted Stock Plan, Guilford Mills, Inc., restricted stock options, employee benefit, incentivize, reward, employee contributions, employee commitment, stock acquisitions, shareholder alignment, incentive program, performance-based grants, time-based grants, restricted stock units, vesting requirements, compensation strategy, retention tool, employee motivation, ownership participation.

Connecticut Restricted Stock Plan of Guilford Mills, Inc. is a comprehensive employee benefit program that offers restricted stock options to eligible employees within the company. This plan is designed to incentivize and reward employees for their contributions and commitment to the success of Guilford Mills, Inc. by providing them with the opportunity to acquire company stock. The Connecticut Restricted Stock Plan of Guilford Mills, Inc. aims to align the interests of employees with those of the shareholders. By granting restricted stock options, the company offers employees the right to acquire shares of company stock at a predetermined price, usually below the market value, subject to certain restrictions and vesting requirements. Under the plan, there are multiple types of restricted stock grants available to employees. These include: 1. Performance-Based Restricted Stock: This type of grant is awarded based on the achievement of specific performance targets or goals established by Guilford Mills, Inc. This encourages employees to contribute to the company's growth and success, as their stock allocation depends on meeting these predefined milestones. 2. Time-Based Restricted Stock: This grant is based on the employee's tenure with the company. The shares awarded to the employee will vest gradually over a specified period, usually spanning several years. This encourages loyalty and helps retain valuable employees in the long term. 3. Restricted Stock Units (RSS): RSS represent a promise to deliver company stock to employees at a future date, subject to vesting requirements and certain conditions. RSS are often used as an alternative to traditional stock options, providing employees with a direct equity interest in the company. The Connecticut Restricted Stock Plan of Guilford Mills, Inc. supports the company's overall compensation strategy and serves as a retention tool for attracting and retaining top talent. It helps align employee interests with the company's performance, fostering a sense of ownership and motivation among participants. By providing employees with the opportunity to share in the success of Guilford Mills, Inc., the plan aims to create a mutually beneficial relationship between the company and its workforce. Keywords: Connecticut Restricted Stock Plan, Guilford Mills, Inc., restricted stock options, employee benefit, incentivize, reward, employee contributions, employee commitment, stock acquisitions, shareholder alignment, incentive program, performance-based grants, time-based grants, restricted stock units, vesting requirements, compensation strategy, retention tool, employee motivation, ownership participation.