Kansas 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 Kansas Restricted Stock Plan of Guilford Mills, Inc. is a comprehensive employee benefit program that offers restricted stock units (RSS) to eligible employees working within the state of Kansas. This RSS serve as a valuable tool for attracting and retaining top talent, aligning employee interests with those of the company, and providing a long-term incentive for outstanding performance. Under the Kansas Restricted Stock Plan, eligible employees are granted a specific number of RSS, which represent a promise to deliver company stock in the future, subject to certain vesting conditions. The plan is designed to encourage employees to remain loyal to the company and work towards its long-term success, as they only receive the allocated shares of stock upon meeting predetermined vesting criteria, typically tied to their length of service or achievement of performance goals. The Kansas Restricted Stock Plan of Guilford Mills, Inc. offers different types of RSS, tailored to cater to varying employee needs and objectives. These may include: 1. Performance-Based RSS: This RSS is awarded based on the achievement of specific performance targets or milestones set by the company. It aims to motivate employees to exceed expectations and contribute towards the company's growth and profitability. 2. Time-Based RSS: This type of RSU grants employees ownership of company stock over a pre-determined period, typically on an annual basis. The longer an employee stays with the company, the more shares they accumulate, reinforcing employee loyalty and retention. 3. Performance-Vesting RSS: Combining elements from both performance-based and time-based RSS, these units vest based on a combination of performance metrics and time-based milestones. This type of RSU encourages long-term commitment while aligning employee performance with the company's overall objectives. Eligible participants in the Kansas Restricted Stock Plan of Guilford Mills, Inc. enjoy various benefits. Beyond the potential appreciation of stock value, RSU holders have the opportunity to become shareholders, allowing them to have a say in important company decisions and reap dividends. It is important to note that the Kansas Restricted Stock Plan of Guilford Mills, Inc. is subject to specific terms and conditions outlined in the official plan documents. Employees should consult these materials and seek professional advice to fully understand the plan's details, including vesting schedules, tax implications, and any eligibility requirements. Overall, the Kansas Restricted Stock Plan of Guilford Mills, Inc. stands as a robust and enticing incentive program that rewards outstanding employee performance, reinforces loyalty, and aligns the interests of employees with the long-term success of the company.

The Kansas Restricted Stock Plan of Guilford Mills, Inc. is a comprehensive employee benefit program that offers restricted stock units (RSS) to eligible employees working within the state of Kansas. This RSS serve as a valuable tool for attracting and retaining top talent, aligning employee interests with those of the company, and providing a long-term incentive for outstanding performance. Under the Kansas Restricted Stock Plan, eligible employees are granted a specific number of RSS, which represent a promise to deliver company stock in the future, subject to certain vesting conditions. The plan is designed to encourage employees to remain loyal to the company and work towards its long-term success, as they only receive the allocated shares of stock upon meeting predetermined vesting criteria, typically tied to their length of service or achievement of performance goals. The Kansas Restricted Stock Plan of Guilford Mills, Inc. offers different types of RSS, tailored to cater to varying employee needs and objectives. These may include: 1. Performance-Based RSS: This RSS is awarded based on the achievement of specific performance targets or milestones set by the company. It aims to motivate employees to exceed expectations and contribute towards the company's growth and profitability. 2. Time-Based RSS: This type of RSU grants employees ownership of company stock over a pre-determined period, typically on an annual basis. The longer an employee stays with the company, the more shares they accumulate, reinforcing employee loyalty and retention. 3. Performance-Vesting RSS: Combining elements from both performance-based and time-based RSS, these units vest based on a combination of performance metrics and time-based milestones. This type of RSU encourages long-term commitment while aligning employee performance with the company's overall objectives. Eligible participants in the Kansas Restricted Stock Plan of Guilford Mills, Inc. enjoy various benefits. Beyond the potential appreciation of stock value, RSU holders have the opportunity to become shareholders, allowing them to have a say in important company decisions and reap dividends. It is important to note that the Kansas Restricted Stock Plan of Guilford Mills, Inc. is subject to specific terms and conditions outlined in the official plan documents. Employees should consult these materials and seek professional advice to fully understand the plan's details, including vesting schedules, tax implications, and any eligibility requirements. Overall, the Kansas Restricted Stock Plan of Guilford Mills, Inc. stands as a robust and enticing incentive program that rewards outstanding employee performance, reinforces loyalty, and aligns the interests of employees with the long-term success of the company.