Florida 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 Florida Restricted Stock Plan of RPM, Inc. is an incentive program offered by RPM, Inc., a renowned company operating in Florida. This plan serves as a tool to attract and retain talented employees by providing them with the opportunity to acquire company stock under certain conditions and restrictions. One type of Florida Restricted Stock Plan offered by RPM, Inc. is the Performance-Based Restricted Stock Plan. Under this plan, employees are granted shares of company stock subject to predetermined performance goals. The criteria for achieving these goals are outlined in advance and may include financial targets, market share growth, or successful project completion. Another type of Florida Restricted Stock Plan employed by RPM, Inc. is the Time-Based Restricted Stock Plan. In this plan, eligible employees are granted a certain number of shares, but the stock ownership is subject to vesting conditions based on the length of service with the company. For example, an employee may receive a grant of 100 shares that vest incrementally over a three-year period, with one-third of the shares becoming fully owned each year. The Florida Restricted Stock Plan of RPM, Inc. aims to align employee interests with those of the company's shareholders while promoting long-term commitment and loyalty. By offering employees the opportunity to become owners of the company, RPM, Inc. fosters a sense of empowerment, dedication, and accountability among its workforce. Participating employees can benefit from the appreciation in the company's stock value over time. However, the restricted stock comes with certain restrictions and conditions. Generally, employees must meet specific eligibility criteria, such as tenure or job level, and comply with the terms and conditions outlined in the plan document. The Florida Restricted Stock Plan typically includes provisions for the treatment of stock in the event of an employee's termination, retirement, or death. These provisions vary depending on the plan type and may define whether the invested shares are forfeited, partially maintained, or accelerated in vesting upon certain circumstances. It is important for employees considering participation in the Florida Restricted Stock Plan to thoroughly review the plan documents, including the offering materials, plan agreements, and any accompanying documents. These documents provide comprehensive information on the specific terms, conditions, and provisions of the plan, ensuring employees are fully aware of their rights and responsibilities. Overall, the Florida Restricted Stock Plan of RPM, Inc. is a valuable program that offers eligible employees the potential to become company shareholders and reap the rewards of their dedication and performance.

The Florida Restricted Stock Plan of RPM, Inc. is an incentive program offered by RPM, Inc., a renowned company operating in Florida. This plan serves as a tool to attract and retain talented employees by providing them with the opportunity to acquire company stock under certain conditions and restrictions. One type of Florida Restricted Stock Plan offered by RPM, Inc. is the Performance-Based Restricted Stock Plan. Under this plan, employees are granted shares of company stock subject to predetermined performance goals. The criteria for achieving these goals are outlined in advance and may include financial targets, market share growth, or successful project completion. Another type of Florida Restricted Stock Plan employed by RPM, Inc. is the Time-Based Restricted Stock Plan. In this plan, eligible employees are granted a certain number of shares, but the stock ownership is subject to vesting conditions based on the length of service with the company. For example, an employee may receive a grant of 100 shares that vest incrementally over a three-year period, with one-third of the shares becoming fully owned each year. The Florida Restricted Stock Plan of RPM, Inc. aims to align employee interests with those of the company's shareholders while promoting long-term commitment and loyalty. By offering employees the opportunity to become owners of the company, RPM, Inc. fosters a sense of empowerment, dedication, and accountability among its workforce. Participating employees can benefit from the appreciation in the company's stock value over time. However, the restricted stock comes with certain restrictions and conditions. Generally, employees must meet specific eligibility criteria, such as tenure or job level, and comply with the terms and conditions outlined in the plan document. The Florida Restricted Stock Plan typically includes provisions for the treatment of stock in the event of an employee's termination, retirement, or death. These provisions vary depending on the plan type and may define whether the invested shares are forfeited, partially maintained, or accelerated in vesting upon certain circumstances. It is important for employees considering participation in the Florida Restricted Stock Plan to thoroughly review the plan documents, including the offering materials, plan agreements, and any accompanying documents. These documents provide comprehensive information on the specific terms, conditions, and provisions of the plan, ensuring employees are fully aware of their rights and responsibilities. Overall, the Florida Restricted Stock Plan of RPM, Inc. is a valuable program that offers eligible employees the potential to become company shareholders and reap the rewards of their dedication and performance.