Iowa 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 Iowa Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit plan that offers various types of restricted stock options to employees of RPM, Inc., a prominent company based in Iowa. This employee stock plan is designed to provide eligible employees with an opportunity to gain ownership in the company and share in its success. RPM, Inc.'s Iowa Restricted Stock Plan comes in several types, tailored to meet the diverse needs of its employees. These types may include: 1. Performance-Based Restricted Stock: This type of restricted stock is granted to employees based on their performance, achievements, or meeting predetermined goals. It incentivizes employees to excel in their roles and contribute to the company's growth. 2. Time-Vested Restricted Stock: Under this type of plan, employees receive restricted stock units (RSS) that become fully vested over a specific period of time. Once the vesting period is complete, employees gain full ownership rights and can freely sell or transfer their shares. 3. Market Condition Restricted Stock: This type of restricted stock plan grants shares based on market conditions or specific performance metrics of RPM, Inc. If certain conditions are met, the stock units become vested and can be converted into common shares. 4. Restricted Stock Units (RSS): RSS represent a promise to deliver company shares to employees at a future date, subject to certain conditions. These units may be granted based on an employee's tenure or as part of their compensation package, and are typically subject to vesting requirements. 5. Director's Restricted Stock: This plan may be exclusively available to directors or high-level executives within RPM, Inc. By granting restricted stock to these individuals, the company aims to align their interests with the long-term success of the organization. Overall, the Iowa Restricted Stock Plan of RPM, Inc. provides employees with an opportunity to become partial owners of the company through different types of restricted stock options. This employee benefit program encourages loyalty, motivation, and a sense of shared responsibility among RPM's workforce.

The Iowa Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit plan that offers various types of restricted stock options to employees of RPM, Inc., a prominent company based in Iowa. This employee stock plan is designed to provide eligible employees with an opportunity to gain ownership in the company and share in its success. RPM, Inc.'s Iowa Restricted Stock Plan comes in several types, tailored to meet the diverse needs of its employees. These types may include: 1. Performance-Based Restricted Stock: This type of restricted stock is granted to employees based on their performance, achievements, or meeting predetermined goals. It incentivizes employees to excel in their roles and contribute to the company's growth. 2. Time-Vested Restricted Stock: Under this type of plan, employees receive restricted stock units (RSS) that become fully vested over a specific period of time. Once the vesting period is complete, employees gain full ownership rights and can freely sell or transfer their shares. 3. Market Condition Restricted Stock: This type of restricted stock plan grants shares based on market conditions or specific performance metrics of RPM, Inc. If certain conditions are met, the stock units become vested and can be converted into common shares. 4. Restricted Stock Units (RSS): RSS represent a promise to deliver company shares to employees at a future date, subject to certain conditions. These units may be granted based on an employee's tenure or as part of their compensation package, and are typically subject to vesting requirements. 5. Director's Restricted Stock: This plan may be exclusively available to directors or high-level executives within RPM, Inc. By granting restricted stock to these individuals, the company aims to align their interests with the long-term success of the organization. Overall, the Iowa Restricted Stock Plan of RPM, Inc. provides employees with an opportunity to become partial owners of the company through different types of restricted stock options. This employee benefit program encourages loyalty, motivation, and a sense of shared responsibility among RPM's workforce.