Kansas 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 Kansas Restricted Stock Plan of RPM, Inc. is a comprehensive employee incentive program implemented by RPM, Inc., a leading company in Kansas. This plan is designed to reward and motivate the company's employees by granting them restricted stocks as a form of compensation. These restricted stocks are subject to specific guidelines and limitations set by RPM, Inc. Under the Kansas Restricted Stock Plan, employees are provided with an opportunity to acquire shares of the company's stock at a predetermined price. However, there are certain conditions and restrictions associated with these shares. The primary purpose of the plan is to align the interests of the employees with the long-term success and growth of RPM, Inc. The plan operates under various types of restricted stock grants offered by RPM, Inc., including: 1. Performance-Based Restricted Stock: This type of grant is designed to reward employees based on their individual or team performance, as measured by predetermined performance targets or goals. It aims to incentivize employees to achieve exceptional results and contribute to the company's success. 2. Time-Based Restricted Stock: This grant type is based on the length of time an employee has been with RPM, Inc. Employees receive stock options over a specific period, creating a sense of loyalty and encouraging retention within the company. 3. Project-Based Restricted Stock: This plan variant may be offered to employees who contribute significantly to specific projects or initiatives. It aims to acknowledge and reward the dedication and exceptional performance of individuals involved in critical projects. 4. Merit-Based Restricted Stock: Employees who demonstrate outstanding performance and exceptional contributions to RPM, Inc. may be eligible for this type of grant. It recognizes their invaluable efforts by offering additional shares of restricted stock. It is important to note that the Kansas Restricted Stock Plan of RPM, Inc. requires employees to meet vesting requirements before they can fully exercise their stock options. Vesting periods may range from a few months to several years, ensuring a long-term commitment from employees and aligning their interests with the company's success. Overall, the Kansas Restricted Stock Plan of RPM, Inc. serves as a powerful tool for attracting, retaining, and motivating talented employees. By granting restricted stocks through various types of grants, RPM, Inc. fosters a sense of ownership and loyalty among its workforce, leading to enhanced performance and mutual growth.

The Kansas Restricted Stock Plan of RPM, Inc. is a comprehensive employee incentive program implemented by RPM, Inc., a leading company in Kansas. This plan is designed to reward and motivate the company's employees by granting them restricted stocks as a form of compensation. These restricted stocks are subject to specific guidelines and limitations set by RPM, Inc. Under the Kansas Restricted Stock Plan, employees are provided with an opportunity to acquire shares of the company's stock at a predetermined price. However, there are certain conditions and restrictions associated with these shares. The primary purpose of the plan is to align the interests of the employees with the long-term success and growth of RPM, Inc. The plan operates under various types of restricted stock grants offered by RPM, Inc., including: 1. Performance-Based Restricted Stock: This type of grant is designed to reward employees based on their individual or team performance, as measured by predetermined performance targets or goals. It aims to incentivize employees to achieve exceptional results and contribute to the company's success. 2. Time-Based Restricted Stock: This grant type is based on the length of time an employee has been with RPM, Inc. Employees receive stock options over a specific period, creating a sense of loyalty and encouraging retention within the company. 3. Project-Based Restricted Stock: This plan variant may be offered to employees who contribute significantly to specific projects or initiatives. It aims to acknowledge and reward the dedication and exceptional performance of individuals involved in critical projects. 4. Merit-Based Restricted Stock: Employees who demonstrate outstanding performance and exceptional contributions to RPM, Inc. may be eligible for this type of grant. It recognizes their invaluable efforts by offering additional shares of restricted stock. It is important to note that the Kansas Restricted Stock Plan of RPM, Inc. requires employees to meet vesting requirements before they can fully exercise their stock options. Vesting periods may range from a few months to several years, ensuring a long-term commitment from employees and aligning their interests with the company's success. Overall, the Kansas Restricted Stock Plan of RPM, Inc. serves as a powerful tool for attracting, retaining, and motivating talented employees. By granting restricted stocks through various types of grants, RPM, Inc. fosters a sense of ownership and loyalty among its workforce, leading to enhanced performance and mutual growth.