Kentucky 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 Kentucky Restricted Stock Plan is a special program offered by Guilford Mills, Inc. to its eligible employees in the state of Kentucky. It is designed to provide additional incentives and benefits to employees by granting them restricted stock units (RSS) or restricted stock awards (SAS). This RSS/SAS are subject to certain restrictions and conditions, allowing employees to receive company shares as a form of compensation. Guilford Mills, Inc. recognizes the importance of retaining and motivating its employees, and the Kentucky Restricted Stock Plan serves as an important tool to achieve this. By offering RSS/SAS, the company ensures that employees have a vested interest in the success and growth of the organization. There are several types of Kentucky Restricted Stock Plans available to the eligible employees of Guilford Mills, Inc. These different plans may include: 1. Kentucky Restricted Stock Unit (RSU) Plan: This plan awards employees with RSS, which represent an entitlement to receive a certain number of company shares. RSS are typically subject to a vesting schedule, meaning that employees must fulfill specific conditions, such as remaining with the company for a designated period of time, before they can fully own the granted shares. 2. Kentucky Restricted Stock Award (RSA) Plan: This plan grants employees with restricted stock awards, which are actual shares of the company given to employees at a specific price. SAS may also have vesting requirements, ensuring that employees meet certain criteria before they can freely transfer or sell the awarded shares. 3. Kentucky Performance-based Restricted Stock Plan: Guilford Mills, Inc. may have a performance-based variant of the Kentucky Restricted Stock Plan. This type of plan ties the award of RSS or SAS to the achievement of specific performance targets or milestones set by the company. By aligning employee incentives with company performance, this plan aims to encourage employees to contribute to the organization's growth and success. It is important for eligible employees of Guilford Mills, Inc. to thoroughly review the specific terms and conditions of the Kentucky Restricted Stock Plan to understand the vesting schedule, restrictions, and any tax implications associated with the stock awards. By participating in this plan, employees have the opportunity to benefit from the company's success and potential increase in stock value, creating a mutually rewarding relationship between the employees and Guilford Mills, Inc.

The Kentucky Restricted Stock Plan is a special program offered by Guilford Mills, Inc. to its eligible employees in the state of Kentucky. It is designed to provide additional incentives and benefits to employees by granting them restricted stock units (RSS) or restricted stock awards (SAS). This RSS/SAS are subject to certain restrictions and conditions, allowing employees to receive company shares as a form of compensation. Guilford Mills, Inc. recognizes the importance of retaining and motivating its employees, and the Kentucky Restricted Stock Plan serves as an important tool to achieve this. By offering RSS/SAS, the company ensures that employees have a vested interest in the success and growth of the organization. There are several types of Kentucky Restricted Stock Plans available to the eligible employees of Guilford Mills, Inc. These different plans may include: 1. Kentucky Restricted Stock Unit (RSU) Plan: This plan awards employees with RSS, which represent an entitlement to receive a certain number of company shares. RSS are typically subject to a vesting schedule, meaning that employees must fulfill specific conditions, such as remaining with the company for a designated period of time, before they can fully own the granted shares. 2. Kentucky Restricted Stock Award (RSA) Plan: This plan grants employees with restricted stock awards, which are actual shares of the company given to employees at a specific price. SAS may also have vesting requirements, ensuring that employees meet certain criteria before they can freely transfer or sell the awarded shares. 3. Kentucky Performance-based Restricted Stock Plan: Guilford Mills, Inc. may have a performance-based variant of the Kentucky Restricted Stock Plan. This type of plan ties the award of RSS or SAS to the achievement of specific performance targets or milestones set by the company. By aligning employee incentives with company performance, this plan aims to encourage employees to contribute to the organization's growth and success. It is important for eligible employees of Guilford Mills, Inc. to thoroughly review the specific terms and conditions of the Kentucky Restricted Stock Plan to understand the vesting schedule, restrictions, and any tax implications associated with the stock awards. By participating in this plan, employees have the opportunity to benefit from the company's success and potential increase in stock value, creating a mutually rewarding relationship between the employees and Guilford Mills, Inc.