Indiana 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 Indiana Restricted Stock Plan of Guilford Mills, Inc. is a comprehensive stock compensation scheme offered by Guilford Mills, Inc., a reputable corporation based in Indiana. This plan serves as a valuable tool for attracting, motivating, and retaining talented employees by providing them with an opportunity to acquire company shares. Under the Indiana Restricted Stock Plan, eligible employees are granted restricted stock units (RSS) that entitle them to receive a specific number of Guilford Mills' common stock shares. These shares are subject to certain restrictions, which are typically time-based or performance-based, ensuring that employees remain committed to the organization for a specified period or achieve predetermined objectives. The RSS is a form of compensation and are usually granted based on an employee's level, position, or job performance. They provide employees with a sense of ownership and align their interests with those of the company, fostering a long-term commitment and dedication to its overall success. Guilford Mills, Inc. may offer different types of Indiana Restricted Stock Plans to cater to various employee needs and circumstances. These could include: 1. Time-Vested RSS: In this type of plan, employees become eligible to receive a certain percentage of the granted RSS over a specified period. For example, an employee might be granted 1,000 RSS, with 25% vesting each year over four years. 2. Performance-Based RSS: This plan links the vesting of RSS to the achievement of specific performance goals or milestones. By setting challenging targets, Guilford Mills, Inc. aims to motivate employees to enhance their individual and collective performance, thereby unlocking the full value of the RSS. 3. Equity Incentive RSS: Guilford Mills, Inc. may utilize this plan to incentivize key executives or top-performing employees by granting them RSS with enhanced value. Such RSS could have specific conditions attached, such as a longer vesting period or stricter performance criteria. 4. Board of Directors RSS: This plan may be specifically designed for members of Guilford Mills, Inc.'s board of directors. It can provide them with RSS as part of their overall compensation package, aligning their interests with those of the shareholders and strengthening their commitment to the organization's long-term growth and success. It's important to note that the details and specific terms of the Indiana Restricted Stock Plan may vary, and it is advisable to refer to Guilford Mills, Inc.'s official documentation and communications for precise information regarding eligibility, vesting schedules, and plan rules. Overall, the Indiana Restricted Stock Plan of Guilford Mills, Inc. demonstrates the company's commitment to recognizing and rewarding the contributions of its employees while fostering a sense of ownership, accountability, and alignment with organizational objectives.

The Indiana Restricted Stock Plan of Guilford Mills, Inc. is a comprehensive stock compensation scheme offered by Guilford Mills, Inc., a reputable corporation based in Indiana. This plan serves as a valuable tool for attracting, motivating, and retaining talented employees by providing them with an opportunity to acquire company shares. Under the Indiana Restricted Stock Plan, eligible employees are granted restricted stock units (RSS) that entitle them to receive a specific number of Guilford Mills' common stock shares. These shares are subject to certain restrictions, which are typically time-based or performance-based, ensuring that employees remain committed to the organization for a specified period or achieve predetermined objectives. The RSS is a form of compensation and are usually granted based on an employee's level, position, or job performance. They provide employees with a sense of ownership and align their interests with those of the company, fostering a long-term commitment and dedication to its overall success. Guilford Mills, Inc. may offer different types of Indiana Restricted Stock Plans to cater to various employee needs and circumstances. These could include: 1. Time-Vested RSS: In this type of plan, employees become eligible to receive a certain percentage of the granted RSS over a specified period. For example, an employee might be granted 1,000 RSS, with 25% vesting each year over four years. 2. Performance-Based RSS: This plan links the vesting of RSS to the achievement of specific performance goals or milestones. By setting challenging targets, Guilford Mills, Inc. aims to motivate employees to enhance their individual and collective performance, thereby unlocking the full value of the RSS. 3. Equity Incentive RSS: Guilford Mills, Inc. may utilize this plan to incentivize key executives or top-performing employees by granting them RSS with enhanced value. Such RSS could have specific conditions attached, such as a longer vesting period or stricter performance criteria. 4. Board of Directors RSS: This plan may be specifically designed for members of Guilford Mills, Inc.'s board of directors. It can provide them with RSS as part of their overall compensation package, aligning their interests with those of the shareholders and strengthening their commitment to the organization's long-term growth and success. It's important to note that the details and specific terms of the Indiana Restricted Stock Plan may vary, and it is advisable to refer to Guilford Mills, Inc.'s official documentation and communications for precise information regarding eligibility, vesting schedules, and plan rules. Overall, the Indiana Restricted Stock Plan of Guilford Mills, Inc. demonstrates the company's commitment to recognizing and rewarding the contributions of its employees while fostering a sense of ownership, accountability, and alignment with organizational objectives.