Guam 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 Guam Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program designed to provide long-term incentives and rewards to eligible employees of RPM, Inc. This plan is specifically tailored to employees based in Guam. Under the Guam Restricted Stock Plan, eligible employees are granted restricted stock units (RSS) as part of their compensation package. The RSS are awarded based on specific performance criteria and vesting schedules, ensuring that employees meet predetermined milestones or goals to receive the stock units. Keywords: Guam Restricted Stock Plan, RPM, Inc., employee benefit program, long-term incentives, rewards, eligible employees, compensation package, restricted stock units, RSS, performance criteria, vesting schedules There are two distinct types of Guam Restricted Stock Plan offered by RPM, Inc.: 1. Performance-Based Restricted Stock Plan: This type of plan is designed to align employee performance with the company's strategic objectives. It grants restricted stock units to eligible employees based on their individual or team performance, such as meeting sales targets, achieving revenue goals, or demonstrating exceptional productivity. The RSS will vest over a predetermined period, incentivizing employees to work towards the company's growth and success. 2. Equity-Based Restricted Stock Plan: This plan focuses on providing employees with ownership in RPM, Inc. It grants restricted stock units to eligible employees without any performance criteria. Instead, the RSS are awarded based on an employee's tenure, level of responsibility, or other predetermined factors. These units may vest over time or be subject to certain conditions, further motivating employees to contribute to the company's long-term success. Both types of Guam Restricted Stock Plans offered by RPM, Inc. aim to drive employee engagement, retention, and align the interests of employees with the company's overall performance. These plans provide a valuable opportunity for eligible employees to share in the success of the company while instilling a long-term mindset and fostering a highly motivated workforce. Keywords: Performance-Based Restricted Stock Plan, Equity-Based Restricted Stock Plan, ownership, employee engagement, retention, company's performance, tenure, level of responsibility, long-term mindset, motivated workforce.

Guam Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program designed to provide long-term incentives and rewards to eligible employees of RPM, Inc. This plan is specifically tailored to employees based in Guam. Under the Guam Restricted Stock Plan, eligible employees are granted restricted stock units (RSS) as part of their compensation package. The RSS are awarded based on specific performance criteria and vesting schedules, ensuring that employees meet predetermined milestones or goals to receive the stock units. Keywords: Guam Restricted Stock Plan, RPM, Inc., employee benefit program, long-term incentives, rewards, eligible employees, compensation package, restricted stock units, RSS, performance criteria, vesting schedules There are two distinct types of Guam Restricted Stock Plan offered by RPM, Inc.: 1. Performance-Based Restricted Stock Plan: This type of plan is designed to align employee performance with the company's strategic objectives. It grants restricted stock units to eligible employees based on their individual or team performance, such as meeting sales targets, achieving revenue goals, or demonstrating exceptional productivity. The RSS will vest over a predetermined period, incentivizing employees to work towards the company's growth and success. 2. Equity-Based Restricted Stock Plan: This plan focuses on providing employees with ownership in RPM, Inc. It grants restricted stock units to eligible employees without any performance criteria. Instead, the RSS are awarded based on an employee's tenure, level of responsibility, or other predetermined factors. These units may vest over time or be subject to certain conditions, further motivating employees to contribute to the company's long-term success. Both types of Guam Restricted Stock Plans offered by RPM, Inc. aim to drive employee engagement, retention, and align the interests of employees with the company's overall performance. These plans provide a valuable opportunity for eligible employees to share in the success of the company while instilling a long-term mindset and fostering a highly motivated workforce. Keywords: Performance-Based Restricted Stock Plan, Equity-Based Restricted Stock Plan, ownership, employee engagement, retention, company's performance, tenure, level of responsibility, long-term mindset, motivated workforce.