Montana 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 Montana Restricted Stock Plan of RPM, Inc. is a comprehensive employee equity compensation program designed by RPM, Inc., a leading company in its industry. This plan offers eligible employees the opportunity to receive restricted stock awards, providing them with ownership in the company and aligning their interests with the long-term success of RPM, Inc. Through this program, employees are incentivized to contribute to the growth and profitability of the company. The Montana Restricted Stock Plan of RPM, Inc. features various types of restricted stock awards tailored to meet the specific needs of employees based on their roles and contributions within the organization. These types may include: 1. Performance-Based Restricted Stock Awards: These awards are granted based on predetermined performance goals, such as achieving certain financial targets, increasing market share, or surpassing industry benchmarks. Employees who successfully meet these goals within the specified time frame become eligible for the restricted stock award. 2. Time-Based Restricted Stock Awards: This type of award is granted based on an employee's length of service or tenure within the company. It serves as an incentive to retain valuable employees and encourage their loyalty and commitment to the long-term success of RPM, Inc. 3. Market Performance-Based Restricted Stock Awards: These awards are contingent upon the company's stock performance relative to market benchmarks. Employees become eligible for the restricted stock based on the company's ability to surpass or reach specific market performance targets. This type of award aligns employee rewards with the overall financial performance of RPM, Inc. 4. Leadership and Executive Restricted Stock Awards: Reserved for high-level executives and key corporate leaders, these awards aim to attract and retain top talent. The eligibility criteria for these awards may include specific leadership achievements, strategic contributions, or exceptional performance within the company. The Montana Restricted Stock Plan of RPM, Inc. gives employees an opportunity to share in the company's success, promoting a sense of ownership, and motivating them to work towards achieving the company's goals. By offering various types of restricted stock awards, RPM, Inc. ensures that both individual and organizational performance are appropriately recognized and rewarded.

Montana Restricted Stock Plan of RPM, Inc. is a comprehensive employee equity compensation program designed by RPM, Inc., a leading company in its industry. This plan offers eligible employees the opportunity to receive restricted stock awards, providing them with ownership in the company and aligning their interests with the long-term success of RPM, Inc. Through this program, employees are incentivized to contribute to the growth and profitability of the company. The Montana Restricted Stock Plan of RPM, Inc. features various types of restricted stock awards tailored to meet the specific needs of employees based on their roles and contributions within the organization. These types may include: 1. Performance-Based Restricted Stock Awards: These awards are granted based on predetermined performance goals, such as achieving certain financial targets, increasing market share, or surpassing industry benchmarks. Employees who successfully meet these goals within the specified time frame become eligible for the restricted stock award. 2. Time-Based Restricted Stock Awards: This type of award is granted based on an employee's length of service or tenure within the company. It serves as an incentive to retain valuable employees and encourage their loyalty and commitment to the long-term success of RPM, Inc. 3. Market Performance-Based Restricted Stock Awards: These awards are contingent upon the company's stock performance relative to market benchmarks. Employees become eligible for the restricted stock based on the company's ability to surpass or reach specific market performance targets. This type of award aligns employee rewards with the overall financial performance of RPM, Inc. 4. Leadership and Executive Restricted Stock Awards: Reserved for high-level executives and key corporate leaders, these awards aim to attract and retain top talent. The eligibility criteria for these awards may include specific leadership achievements, strategic contributions, or exceptional performance within the company. The Montana Restricted Stock Plan of RPM, Inc. gives employees an opportunity to share in the company's success, promoting a sense of ownership, and motivating them to work towards achieving the company's goals. By offering various types of restricted stock awards, RPM, Inc. ensures that both individual and organizational performance are appropriately recognized and rewarded.