Missouri 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 Missouri Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program that provides qualifying employees with the opportunity to acquire ownership in RPM, Inc. through restricted stock grants. This plan is designed to incentivize and retain top talent by offering them a stake in the company's success. Under the Missouri Restricted Stock Plan, eligible employees are granted a specific number of restricted stock units (RSS) at no cost. RSS are essentially the promise of shares of stock that will be delivered at a future date, typically after a vesting period. The vesting period is determined by the plan and may range from a few months to several years. Once the RSS have vested, employees have the right to receive the actual shares of RPM, Inc. stock or cash equivalent. The value of these shares is determined by the company's stock price at the time of delivery. Upon receipt, employees are free to sell the shares or hold onto them as an investment, potentially benefiting from any future growth in the company's stock value. The Missouri Restricted Stock Plan of RPM, Inc. serves as a powerful incentive for employees to contribute to the long-term success and profitability of the company. By aligning employees' interests with those of RPM, Inc., the plan motivates employees to work towards the company's goals, driving growth and profitability. Key benefits of the plan include encouraging employee retention, enhancing employee engagement, and fostering a sense of ownership and accountability among participants. By providing employees with a tangible stake in the company's performance, the plan promotes loyalty, dedication, and a long-term perspective in decision-making. Variations of the Missouri Restricted Stock Plan may exist based on factors such as employee eligibility criteria, vesting schedules, and the specific terms and conditions of the stock grants. Possible variations could include plan modifications for different employee categories, performance-based RSS for employees in key positions, or specific vesting triggers tied to the achievement of predetermined performance goals. In conclusion, the Missouri Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program that grants restricted stock units to qualifying employees, thus allowing them to acquire ownership in the company. This plan serves as a powerful motivator for employees, driving long-term performance and fostering a sense of ownership and loyalty.

The Missouri Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program that provides qualifying employees with the opportunity to acquire ownership in RPM, Inc. through restricted stock grants. This plan is designed to incentivize and retain top talent by offering them a stake in the company's success. Under the Missouri Restricted Stock Plan, eligible employees are granted a specific number of restricted stock units (RSS) at no cost. RSS are essentially the promise of shares of stock that will be delivered at a future date, typically after a vesting period. The vesting period is determined by the plan and may range from a few months to several years. Once the RSS have vested, employees have the right to receive the actual shares of RPM, Inc. stock or cash equivalent. The value of these shares is determined by the company's stock price at the time of delivery. Upon receipt, employees are free to sell the shares or hold onto them as an investment, potentially benefiting from any future growth in the company's stock value. The Missouri Restricted Stock Plan of RPM, Inc. serves as a powerful incentive for employees to contribute to the long-term success and profitability of the company. By aligning employees' interests with those of RPM, Inc., the plan motivates employees to work towards the company's goals, driving growth and profitability. Key benefits of the plan include encouraging employee retention, enhancing employee engagement, and fostering a sense of ownership and accountability among participants. By providing employees with a tangible stake in the company's performance, the plan promotes loyalty, dedication, and a long-term perspective in decision-making. Variations of the Missouri Restricted Stock Plan may exist based on factors such as employee eligibility criteria, vesting schedules, and the specific terms and conditions of the stock grants. Possible variations could include plan modifications for different employee categories, performance-based RSS for employees in key positions, or specific vesting triggers tied to the achievement of predetermined performance goals. In conclusion, the Missouri Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program that grants restricted stock units to qualifying employees, thus allowing them to acquire ownership in the company. This plan serves as a powerful motivator for employees, driving long-term performance and fostering a sense of ownership and loyalty.