Mississippi 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 Mississippi Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program offered by RPM, Inc. to its eligible employees as a means of incentivizing and rewarding their commitment and contribution to the company. This stock plan allows employees to acquire and own shares of restricted stock in RPM, Inc. under certain conditions and restrictions. The Mississippi Restricted Stock Plan is designed to align the interests of employees with those of the company's shareholders, encouraging them to work towards the long-term success and growth of RPM, Inc. It provides employees with an opportunity to become direct shareholders of the company, fostering a sense of ownership and further motivating them to contribute to its overall success. Under this plan, eligible employees are granted a predetermined number of restricted stock units (RSS) that vest over a specified period of time. Vesting determines when an employee gains full ownership of the RSS. Until the vesting period is complete, the RSS remain subject to certain restrictions and conditions, which are spelled out in the plan. The Mississippi Restricted Stock Plan of RPM, Inc. incorporates various features and provisions to ensure its effectiveness and fairness. These include rules regarding stock ownership, transferability restrictions, dividend payments, and consequences of termination of employment. The plan also outlines the governing law and jurisdiction, providing clarity and legal compliance to its participants. It is important to note that RPM, Inc. may have different variations or types of the Mississippi Restricted Stock Plan tailored to specific employee categories, such as executives, management, or general employees. Each type of plan may have distinct eligibility criteria, grant amounts, vesting schedules, and other terms and conditions. These variations allow RPM, Inc. to customize the plan according to different employee groups and organizational objectives. In conclusion, the Mississippi Restricted Stock Plan offered by RPM, Inc. is a valuable employee benefit program that grants eligible employees the opportunity to own shares in the company. With its carefully designed provisions and restrictions, the plan aims to align employee interests with long-term company performance.

The Mississippi Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program offered by RPM, Inc. to its eligible employees as a means of incentivizing and rewarding their commitment and contribution to the company. This stock plan allows employees to acquire and own shares of restricted stock in RPM, Inc. under certain conditions and restrictions. The Mississippi Restricted Stock Plan is designed to align the interests of employees with those of the company's shareholders, encouraging them to work towards the long-term success and growth of RPM, Inc. It provides employees with an opportunity to become direct shareholders of the company, fostering a sense of ownership and further motivating them to contribute to its overall success. Under this plan, eligible employees are granted a predetermined number of restricted stock units (RSS) that vest over a specified period of time. Vesting determines when an employee gains full ownership of the RSS. Until the vesting period is complete, the RSS remain subject to certain restrictions and conditions, which are spelled out in the plan. The Mississippi Restricted Stock Plan of RPM, Inc. incorporates various features and provisions to ensure its effectiveness and fairness. These include rules regarding stock ownership, transferability restrictions, dividend payments, and consequences of termination of employment. The plan also outlines the governing law and jurisdiction, providing clarity and legal compliance to its participants. It is important to note that RPM, Inc. may have different variations or types of the Mississippi Restricted Stock Plan tailored to specific employee categories, such as executives, management, or general employees. Each type of plan may have distinct eligibility criteria, grant amounts, vesting schedules, and other terms and conditions. These variations allow RPM, Inc. to customize the plan according to different employee groups and organizational objectives. In conclusion, the Mississippi Restricted Stock Plan offered by RPM, Inc. is a valuable employee benefit program that grants eligible employees the opportunity to own shares in the company. With its carefully designed provisions and restrictions, the plan aims to align employee interests with long-term company performance.