Illinois 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 Illinois Restricted Stock Plan of Guilford Mills, Inc. is a comprehensive program designed to incentivize and reward employees of the company in the state of Illinois. This plan offers employees the opportunity to acquire and hold shares of restricted stock in Guilford Mills, Inc., a prominent textile manufacturing company based in Illinois. Under this plan, employees are granted restricted stock units (RSS), which represent a certain number of shares of Guilford Mills, Inc. stock. This RSS is subject to certain restrictions and conditions as determined by the company. Employees must meet specific performance goals, tenure requirements, or other milestones to unlock the full benefits of their awarded shares. By participating in the Illinois Restricted Stock Plan, employees become part-owners of Guilford Mills, Inc. and are aligned with the company's long-term growth and success. This aligns the interests of both the employees and the company, fostering a sense of shared goals and commitment. The Illinois Restricted Stock Plan of Guilford Mills, Inc. offers various types of grants to employees with different levels of seniority and responsibilities. These may include: 1. Executive Restricted Stock Plan: Aimed at senior executives and other key personnel, this plan provides significant grants of restricted stock units. Typically, these executives hold positions crucial to the company's strategic direction and success. 2. Employee Restricted Stock Plan: Covering a broader group of employees, this plan grants restricted stock units based on factors such as performance, job level, and length of service. It allows employees at different levels within the organization to participate and benefit from the company's growth. 3. Performance-Based Restricted Stock Plan: This plan focuses on performance-related metrics, setting challenging goals based on specific financial, operational, or strategic targets. Employees who meet or exceed these targets earn additional restricted stock units, providing extra motivation to drive business success. 4. Time-Based Restricted Stock Plan: As the name suggests, this plan grants restricted stock units based on an employee's tenure with the company. Over time, employees accumulate more shares, which encourages loyalty and long-term commitment. Guilford Mills, Inc.'s Illinois Restricted Stock Plan not only serves as a valuable tool for attracting and retaining top talents but also aligns the employees' efforts with the company's overall objectives. By awarding employees with restricted stock units, Guilford Mills, Inc. ensures that employees have a vested interest in the company's performance and are incentivized to contribute to its growth and prosperity.

The Illinois Restricted Stock Plan of Guilford Mills, Inc. is a comprehensive program designed to incentivize and reward employees of the company in the state of Illinois. This plan offers employees the opportunity to acquire and hold shares of restricted stock in Guilford Mills, Inc., a prominent textile manufacturing company based in Illinois. Under this plan, employees are granted restricted stock units (RSS), which represent a certain number of shares of Guilford Mills, Inc. stock. This RSS is subject to certain restrictions and conditions as determined by the company. Employees must meet specific performance goals, tenure requirements, or other milestones to unlock the full benefits of their awarded shares. By participating in the Illinois Restricted Stock Plan, employees become part-owners of Guilford Mills, Inc. and are aligned with the company's long-term growth and success. This aligns the interests of both the employees and the company, fostering a sense of shared goals and commitment. The Illinois Restricted Stock Plan of Guilford Mills, Inc. offers various types of grants to employees with different levels of seniority and responsibilities. These may include: 1. Executive Restricted Stock Plan: Aimed at senior executives and other key personnel, this plan provides significant grants of restricted stock units. Typically, these executives hold positions crucial to the company's strategic direction and success. 2. Employee Restricted Stock Plan: Covering a broader group of employees, this plan grants restricted stock units based on factors such as performance, job level, and length of service. It allows employees at different levels within the organization to participate and benefit from the company's growth. 3. Performance-Based Restricted Stock Plan: This plan focuses on performance-related metrics, setting challenging goals based on specific financial, operational, or strategic targets. Employees who meet or exceed these targets earn additional restricted stock units, providing extra motivation to drive business success. 4. Time-Based Restricted Stock Plan: As the name suggests, this plan grants restricted stock units based on an employee's tenure with the company. Over time, employees accumulate more shares, which encourages loyalty and long-term commitment. Guilford Mills, Inc.'s Illinois Restricted Stock Plan not only serves as a valuable tool for attracting and retaining top talents but also aligns the employees' efforts with the company's overall objectives. By awarding employees with restricted stock units, Guilford Mills, Inc. ensures that employees have a vested interest in the company's performance and are incentivized to contribute to its growth and prosperity.