Maine 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 Maine Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program designed to incentivize and retain key executives and employees of RPM, Inc. With a focus on long-term commitment and performance, this plan offers various types of equity-based compensation opportunities. One type of Maine Restricted Stock Plan offered by RPM, Inc. is the Restricted Stock Unit (RSU) plan. Under this plan, eligible employees are awarded RSS, which represent a specific number of shares of RPM, Inc. stock. This RSS is subject to a vesting schedule and certain performance criteria, ensuring that recipients maintain a vested interest in the company's growth and success. Once the RSS become vested, employees receive actual shares of RPM, Inc. stock. In addition to the RSU plan, another type of Maine Restricted Stock Plan available is the Performance-Based Restricted Stock Unit plan. This plan is similar to the RSU plan in terms of vesting and performance criteria, but the number of RSS awarded is contingent upon the achievement of predetermined performance goals. Employees receive shares of RPM, Inc. stock based on the level of performance achieved. The Maine Restricted Stock Plan of RPM, Inc. serves as a valuable tool in aligning the interests of employees with the company's shareholders. By granting equity-based compensation, RPM, Inc. ensures that employees have a vested interest in the company's performance and growth. This not only encourages loyalty and commitment but also incentivizes employees to contribute to RPM, Inc.'s long-term success. Keywords: Maine Restricted Stock Plan, RPM, Inc., employee benefit program, incentivize, retain, executives, employees, long-term commitment, performance, equity-based compensation, Restricted Stock Unit (RSU) plan, vesting schedule, performance criteria, shares, Performance-Based Restricted Stock Unit plan, predetermined performance goals, align interests, loyalty, commitment, long-term success.

Maine Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program designed to incentivize and retain key executives and employees of RPM, Inc. With a focus on long-term commitment and performance, this plan offers various types of equity-based compensation opportunities. One type of Maine Restricted Stock Plan offered by RPM, Inc. is the Restricted Stock Unit (RSU) plan. Under this plan, eligible employees are awarded RSS, which represent a specific number of shares of RPM, Inc. stock. This RSS is subject to a vesting schedule and certain performance criteria, ensuring that recipients maintain a vested interest in the company's growth and success. Once the RSS become vested, employees receive actual shares of RPM, Inc. stock. In addition to the RSU plan, another type of Maine Restricted Stock Plan available is the Performance-Based Restricted Stock Unit plan. This plan is similar to the RSU plan in terms of vesting and performance criteria, but the number of RSS awarded is contingent upon the achievement of predetermined performance goals. Employees receive shares of RPM, Inc. stock based on the level of performance achieved. The Maine Restricted Stock Plan of RPM, Inc. serves as a valuable tool in aligning the interests of employees with the company's shareholders. By granting equity-based compensation, RPM, Inc. ensures that employees have a vested interest in the company's performance and growth. This not only encourages loyalty and commitment but also incentivizes employees to contribute to RPM, Inc.'s long-term success. Keywords: Maine Restricted Stock Plan, RPM, Inc., employee benefit program, incentivize, retain, executives, employees, long-term commitment, performance, equity-based compensation, Restricted Stock Unit (RSU) plan, vesting schedule, performance criteria, shares, Performance-Based Restricted Stock Unit plan, predetermined performance goals, align interests, loyalty, commitment, long-term success.