Massachusetts 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 Massachusetts Restricted Stock Plan of RPM, Inc. is a comprehensive compensation plan offered by RPM, Inc. to its employees in the state of Massachusetts. This plan aims to provide employees with an opportunity to own company stock while offering certain restrictions and guidelines for its acquisition and transfer. The Massachusetts Restricted Stock Plan is designed to align the interests of employees and shareholders, fostering a sense of ownership, loyalty, and commitment. Under this plan, eligible employees may receive restricted stock units (RSS) as part of their compensation package. RSS represents a promise to deliver a certain number of shares of RPM, Inc. stock at a future date. However, this RSS is subjected to specific restrictions, which are typically time-based or performance-based. In the case of Massachusetts Restricted Stock Plan, the restrictions placed on the RSS often relate to the tenure of the employees or the achievement of predetermined performance goals. For example, an employee might need to complete a specific number of years with the company before the RSS fully vest, or the RSS may be tied to the company's financial targets or individual performance metrics. These restrictions ensure that employees have a vested interest in the long-term success of the company and incentivize them to contribute positively towards its growth. Once the RSS have fully vested, employees gain the right to receive the respective shares of RPM, Inc. stock. At this point, they can choose to retain the shares or sell them in the open market. However, it's worth noting that even after the RSS vest, there may still be certain restrictions on the sale or transfer of the company stock, particularly in the case of insider trading regulations or any contractual obligations. The Massachusetts Restricted Stock Plan of RPM, Inc. aims to provide an attractive compensation package that includes stock ownership, linking the employees' interests with those of shareholders. This plan not only allows employees to benefit from the long-term success of RPM, Inc. but also serves as a valuable retention and motivation tool. Different variations of the Massachusetts Restricted Stock Plan may exist, incorporating unique features, eligibility criteria, and vesting schedules based on individual employee roles or job levels within RPM, Inc.

The Massachusetts Restricted Stock Plan of RPM, Inc. is a comprehensive compensation plan offered by RPM, Inc. to its employees in the state of Massachusetts. This plan aims to provide employees with an opportunity to own company stock while offering certain restrictions and guidelines for its acquisition and transfer. The Massachusetts Restricted Stock Plan is designed to align the interests of employees and shareholders, fostering a sense of ownership, loyalty, and commitment. Under this plan, eligible employees may receive restricted stock units (RSS) as part of their compensation package. RSS represents a promise to deliver a certain number of shares of RPM, Inc. stock at a future date. However, this RSS is subjected to specific restrictions, which are typically time-based or performance-based. In the case of Massachusetts Restricted Stock Plan, the restrictions placed on the RSS often relate to the tenure of the employees or the achievement of predetermined performance goals. For example, an employee might need to complete a specific number of years with the company before the RSS fully vest, or the RSS may be tied to the company's financial targets or individual performance metrics. These restrictions ensure that employees have a vested interest in the long-term success of the company and incentivize them to contribute positively towards its growth. Once the RSS have fully vested, employees gain the right to receive the respective shares of RPM, Inc. stock. At this point, they can choose to retain the shares or sell them in the open market. However, it's worth noting that even after the RSS vest, there may still be certain restrictions on the sale or transfer of the company stock, particularly in the case of insider trading regulations or any contractual obligations. The Massachusetts Restricted Stock Plan of RPM, Inc. aims to provide an attractive compensation package that includes stock ownership, linking the employees' interests with those of shareholders. This plan not only allows employees to benefit from the long-term success of RPM, Inc. but also serves as a valuable retention and motivation tool. Different variations of the Massachusetts Restricted Stock Plan may exist, incorporating unique features, eligibility criteria, and vesting schedules based on individual employee roles or job levels within RPM, Inc.