District of Columbia 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 District of Columbia Restricted Stock Plan of Guilford Mills, Inc. is a corporate compensation program designed for employees based in the District of Columbia area. This plan grants eligible employees restricted stock in Guilford Mills, Inc. as a form of additional compensation or incentive. The District of Columbia Restricted Stock Plan of Guilford Mills, Inc. aims to retain and motivate employees by allowing them to acquire company stock over a certain period, subject to specific terms and conditions. It offers various benefits to participants, helping them create a sense of ownership and alignment with the company's goals while potentially sharing in its success. This particular stock plan may consist of different types or variations, catering to individual employee needs or positioning within the organization. While specific names for these variations are not provided in the prompt, some potential types could include: 1. Standard Restricted Stock Plan: This type of plan could provide employees the right to acquire Guilford Mills, Inc. stock after a predetermined vesting period, typically subject to continued employment or fulfillment of performance-based goals. 2. Performance-Based Restricted Stock Plan: This variation may grant restricted stock based on predetermined performance targets, such as achieving certain revenue milestones, increasing market share, or meeting other financial or operational objectives. 3. Director/Executive Restricted Stock Plan: This specialized plan could be designed exclusively for directors, executives, or high-level management, offering additional perks, faster vesting schedules, or larger stock grants to align their interests more closely with the company's long-term success. 4. Employee Stock Ownership Plan (ESOP): Although not explicitly mentioned in the prompt, it is worth highlighting that Guilford Mills, Inc. might also have an ESOP. An ESOP is a type of employee benefit plan that allows employees to acquire company stock as part of their retirement savings. While it differs in structure and purpose from a typical restricted stock plan, it is relevant to Guilford Mills, Inc.'s overall employee compensation strategy. The District of Columbia Restricted Stock Plan of Guilford Mills, Inc. aims to promote loyalty, engagement, and retention among employees in the region while aligning their efforts with the long-term success of the company. Participation in this plan empowers employees to become more invested in Guilford Mills, Inc.'s performance and potentially benefit from its growth over time.

The District of Columbia Restricted Stock Plan of Guilford Mills, Inc. is a corporate compensation program designed for employees based in the District of Columbia area. This plan grants eligible employees restricted stock in Guilford Mills, Inc. as a form of additional compensation or incentive. The District of Columbia Restricted Stock Plan of Guilford Mills, Inc. aims to retain and motivate employees by allowing them to acquire company stock over a certain period, subject to specific terms and conditions. It offers various benefits to participants, helping them create a sense of ownership and alignment with the company's goals while potentially sharing in its success. This particular stock plan may consist of different types or variations, catering to individual employee needs or positioning within the organization. While specific names for these variations are not provided in the prompt, some potential types could include: 1. Standard Restricted Stock Plan: This type of plan could provide employees the right to acquire Guilford Mills, Inc. stock after a predetermined vesting period, typically subject to continued employment or fulfillment of performance-based goals. 2. Performance-Based Restricted Stock Plan: This variation may grant restricted stock based on predetermined performance targets, such as achieving certain revenue milestones, increasing market share, or meeting other financial or operational objectives. 3. Director/Executive Restricted Stock Plan: This specialized plan could be designed exclusively for directors, executives, or high-level management, offering additional perks, faster vesting schedules, or larger stock grants to align their interests more closely with the company's long-term success. 4. Employee Stock Ownership Plan (ESOP): Although not explicitly mentioned in the prompt, it is worth highlighting that Guilford Mills, Inc. might also have an ESOP. An ESOP is a type of employee benefit plan that allows employees to acquire company stock as part of their retirement savings. While it differs in structure and purpose from a typical restricted stock plan, it is relevant to Guilford Mills, Inc.'s overall employee compensation strategy. The District of Columbia Restricted Stock Plan of Guilford Mills, Inc. aims to promote loyalty, engagement, and retention among employees in the region while aligning their efforts with the long-term success of the company. Participation in this plan empowers employees to become more invested in Guilford Mills, Inc.'s performance and potentially benefit from its growth over time.