Indiana 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 Indiana Restricted Stock Plan of RPM, Inc. is a comprehensive employee compensation program provided by RPM, Inc., a prestigious company based in Indiana. This plan aims to incentivize and reward eligible employees by granting them restricted stock units (RSS) as part of their overall compensation package. Through this program, RPM, Inc. endeavors to align the interests of employees with those of the company, fostering long-term commitment and maximizing shareholder value. Under the Indiana Restricted Stock Plan, employees are granted RSS, which represent a specific number of shares of RPM, Inc. stock. However, this RSS come with certain restrictions and conditions that determine the employee's ownership and transfer rights. Initially, RSS are subject to a vesting period, during which employees cannot sell, transfer, or pledge their shares. This provision promotes employee retention and ensures their dedication to the organization's success. Upon the completion of the vesting period, employees gain full ownership of their RSS, allowing them to exercise their rights as shareholders within RPM, Inc. This means they can sell, transfer, or hold the shares, depending on their financial goals and the prevailing market conditions. By introducing this program, RPM, Inc. acknowledges the importance of valuing employee contributions and offering them a pathway to participate in the company's growth. While the Indiana Restricted Stock Plan encompasses various aspects common to such programs, it is important to note that RPM, Inc. may have specific plan variations tailored to different employee groups or positions within the organization. These variations may be structured to suit the unique needs and objectives of executives, managers, or other employee classifications. By tailoring the plan to each category, RPM, Inc. ensures that employees receive appropriate and equitable rewards based on their roles and responsibilities. Overall, through its Indiana Restricted Stock Plan, RPM, Inc. demonstrates its commitment to enhancing employee engagement, fostering a sense of ownership, and promoting the long-term success of the company. This plan serves as a powerful tool for attracting, motivating, and retaining top talent, paving the path for mutual growth and prosperity.

The Indiana Restricted Stock Plan of RPM, Inc. is a comprehensive employee compensation program provided by RPM, Inc., a prestigious company based in Indiana. This plan aims to incentivize and reward eligible employees by granting them restricted stock units (RSS) as part of their overall compensation package. Through this program, RPM, Inc. endeavors to align the interests of employees with those of the company, fostering long-term commitment and maximizing shareholder value. Under the Indiana Restricted Stock Plan, employees are granted RSS, which represent a specific number of shares of RPM, Inc. stock. However, this RSS come with certain restrictions and conditions that determine the employee's ownership and transfer rights. Initially, RSS are subject to a vesting period, during which employees cannot sell, transfer, or pledge their shares. This provision promotes employee retention and ensures their dedication to the organization's success. Upon the completion of the vesting period, employees gain full ownership of their RSS, allowing them to exercise their rights as shareholders within RPM, Inc. This means they can sell, transfer, or hold the shares, depending on their financial goals and the prevailing market conditions. By introducing this program, RPM, Inc. acknowledges the importance of valuing employee contributions and offering them a pathway to participate in the company's growth. While the Indiana Restricted Stock Plan encompasses various aspects common to such programs, it is important to note that RPM, Inc. may have specific plan variations tailored to different employee groups or positions within the organization. These variations may be structured to suit the unique needs and objectives of executives, managers, or other employee classifications. By tailoring the plan to each category, RPM, Inc. ensures that employees receive appropriate and equitable rewards based on their roles and responsibilities. Overall, through its Indiana Restricted Stock Plan, RPM, Inc. demonstrates its commitment to enhancing employee engagement, fostering a sense of ownership, and promoting the long-term success of the company. This plan serves as a powerful tool for attracting, motivating, and retaining top talent, paving the path for mutual growth and prosperity.