Georgia 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 Georgia Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program offered by RPM, Inc., a leading company in Georgia. This plan is designed to incentivize and reward employees by granting them restricted stock units (RSS) as part of their compensation package. Under the Georgia Restricted Stock Plan, eligible employees have the opportunity to receive RSS, which represents a specific number of shares of RPM, Inc. stock assigned to them. This RSS come with certain restrictions, such as a vesting period, before they can be fully owned by the employees. Vesting typically occurs over a predetermined period, encouraging employees to remain with the company and contributing to its growth. This RSS is a significant aspect of employee ownership in RPM, Inc., as they provide a stake in the company's success and value appreciation. By receiving RSS, employees become shareholders and share in the benefits of the company's growth and profitability. The Georgia Restricted Stock Plan offers various types of RSS, tailored to meet the specific needs of different employee groups within RPM, Inc. Some of these variations may include: 1. Performance-Based RSS: This RSS is granted based on specific performance criteria set by the company. Employees who meet or exceed these criteria are eligible to receive additional RSS. 2. Time-Vesting RSS: This type of RSU vests over time, usually following a predetermined schedule. For example, employees may receive a certain percentage of RSS every year until they become fully vested after a certain number of years. 3. Promotion-Based RSS: This RSS is granted upon an employee's promotion to a higher position within RPM, Inc. It serves as a reward for career advancement and increased responsibilities. 4. Acquisition-Related RSS: In the event of a merger, acquisition, or other significant corporate event, RPM, Inc. may grant RSS to retain and motivate employees during the transition. These RSS help align employee interests with the success of the company during periods of change. It's important to note that the terms and conditions of the Georgia Restricted Stock Plan may vary among employees based on factors such as job level, performance, tenure, and specific agreements. The details of the plan, including RSU grants, vesting schedules, and other eligibility criteria, are outlined in the plan documents provided to employees. Overall, the Georgia Restricted Stock Plan of RPM, Inc. is a valuable employee benefit program that aims to motivate, retain, and reward employees by providing them with ownership in the company and aligning their interests with the long-term success of RPM, Inc.

Georgia Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program offered by RPM, Inc., a leading company in Georgia. This plan is designed to incentivize and reward employees by granting them restricted stock units (RSS) as part of their compensation package. Under the Georgia Restricted Stock Plan, eligible employees have the opportunity to receive RSS, which represents a specific number of shares of RPM, Inc. stock assigned to them. This RSS come with certain restrictions, such as a vesting period, before they can be fully owned by the employees. Vesting typically occurs over a predetermined period, encouraging employees to remain with the company and contributing to its growth. This RSS is a significant aspect of employee ownership in RPM, Inc., as they provide a stake in the company's success and value appreciation. By receiving RSS, employees become shareholders and share in the benefits of the company's growth and profitability. The Georgia Restricted Stock Plan offers various types of RSS, tailored to meet the specific needs of different employee groups within RPM, Inc. Some of these variations may include: 1. Performance-Based RSS: This RSS is granted based on specific performance criteria set by the company. Employees who meet or exceed these criteria are eligible to receive additional RSS. 2. Time-Vesting RSS: This type of RSU vests over time, usually following a predetermined schedule. For example, employees may receive a certain percentage of RSS every year until they become fully vested after a certain number of years. 3. Promotion-Based RSS: This RSS is granted upon an employee's promotion to a higher position within RPM, Inc. It serves as a reward for career advancement and increased responsibilities. 4. Acquisition-Related RSS: In the event of a merger, acquisition, or other significant corporate event, RPM, Inc. may grant RSS to retain and motivate employees during the transition. These RSS help align employee interests with the success of the company during periods of change. It's important to note that the terms and conditions of the Georgia Restricted Stock Plan may vary among employees based on factors such as job level, performance, tenure, and specific agreements. The details of the plan, including RSU grants, vesting schedules, and other eligibility criteria, are outlined in the plan documents provided to employees. Overall, the Georgia Restricted Stock Plan of RPM, Inc. is a valuable employee benefit program that aims to motivate, retain, and reward employees by providing them with ownership in the company and aligning their interests with the long-term success of RPM, Inc.