Minnesota 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 Minnesota Restricted Stock Plan of RPM, Inc. is a comprehensive employee compensation program implemented by RPM, Inc. in Minnesota, United States. This plan is specifically designed to motivate and incentivize employees of RPM, Inc. through the issuance of restricted stock awards. These restricted stock units represent ownership interests in RPM, Inc. and are subject to certain limitations and restrictions, which provide the basis for the term "restricted" stock. Under the Minnesota Restricted Stock Plan, participating employees are granted a specified number of restricted stock units that they are eligible to receive as part of their compensation package. The number of units granted is typically determined by a variety of factors, such as the employee's position, performance, and length of service. One key feature of the Minnesota Restricted Stock Plan is that these stock units are subject to vesting conditions. Employees must meet certain predetermined requirements, such as remaining actively employed with RPM, Inc. for a specified period of time, achieving performance targets, or other milestones, in order to become fully vested in the granted stock units. It is important to note that there may be different types of Minnesota Restricted Stock Plans within RPM, Inc. These types can be differentiated by factors such as eligibility criteria, vesting schedules, and the terms and conditions governing the eventual release and conversion of the restricted stock units into actual shares of RPM, Inc. stock. The Minnesota Restricted Stock Plan of RPM, Inc. aims to align the interests of employees with those of the company's shareholders, promoting long-term commitment, retention, and motivation through the potential for equity ownership. By offering the opportunity to acquire shares in the company, this plan serves as a valuable tool to attract top talent, foster loyalty, and reward high performers within RPM, Inc. Keywords: Minnesota Restricted Stock Plan, RPM, Inc., employee compensation program, restricted stock awards, ownership interests, limitations, restrictions, restricted stock units, compensation package, vesting conditions, performance targets, milestones, eligibility criteria, vesting schedules, shares, equity ownership, employee motivation, employee loyalty, talent attraction.

The Minnesota Restricted Stock Plan of RPM, Inc. is a comprehensive employee compensation program implemented by RPM, Inc. in Minnesota, United States. This plan is specifically designed to motivate and incentivize employees of RPM, Inc. through the issuance of restricted stock awards. These restricted stock units represent ownership interests in RPM, Inc. and are subject to certain limitations and restrictions, which provide the basis for the term "restricted" stock. Under the Minnesota Restricted Stock Plan, participating employees are granted a specified number of restricted stock units that they are eligible to receive as part of their compensation package. The number of units granted is typically determined by a variety of factors, such as the employee's position, performance, and length of service. One key feature of the Minnesota Restricted Stock Plan is that these stock units are subject to vesting conditions. Employees must meet certain predetermined requirements, such as remaining actively employed with RPM, Inc. for a specified period of time, achieving performance targets, or other milestones, in order to become fully vested in the granted stock units. It is important to note that there may be different types of Minnesota Restricted Stock Plans within RPM, Inc. These types can be differentiated by factors such as eligibility criteria, vesting schedules, and the terms and conditions governing the eventual release and conversion of the restricted stock units into actual shares of RPM, Inc. stock. The Minnesota Restricted Stock Plan of RPM, Inc. aims to align the interests of employees with those of the company's shareholders, promoting long-term commitment, retention, and motivation through the potential for equity ownership. By offering the opportunity to acquire shares in the company, this plan serves as a valuable tool to attract top talent, foster loyalty, and reward high performers within RPM, Inc. Keywords: Minnesota Restricted Stock Plan, RPM, Inc., employee compensation program, restricted stock awards, ownership interests, limitations, restrictions, restricted stock units, compensation package, vesting conditions, performance targets, milestones, eligibility criteria, vesting schedules, shares, equity ownership, employee motivation, employee loyalty, talent attraction.