Nebraska 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 Nebraska Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program offered by RPM, Inc., a leading company in the state of Nebraska. This stock plan is specifically designed to incentivize and reward RPM employees by granting them restricted stock units (RSS) that are subject to certain restrictions and conditions. The Nebraska Restricted Stock Plan allows eligible employees to receive RSS, which represent ownership interest in RPM, Inc. This RSS is awarded as compensation and serve as a long-term incentive for employees to contribute to the growth and success of the company. Participants are granted a specific number of RSS based on their job level, performance, and other predetermined factors. The RSS granted under the Nebraska Restricted Stock Plan are subject to a vesting schedule, typically spanning several years. This means that employees do not have immediate ownership rights to the stock units. Instead, they earn ownership gradually over time, incentivizing employee loyalty and long-term commitment. Upon vesting, employees gain the right to convert the RSS into company shares. The conversion ratio is predetermined and usually follows a specific formula, typically based on the market value of RPM, Inc.'s common stock at the time of grant. It is important to note that employees may be subject to certain tax implications upon conversion and subsequent sale of the shares. Additionally, the Nebraska Restricted Stock Plan may offer different types of RSS based on eligibility criteria, such as executive-level RSS or performance-based RSS. Executive-level RSS might be exclusively available to high-level executives and key personnel, providing additional incentives to retain top talent and align their interests with the company's long-term objectives. Performance-based RSS may be granted based on predetermined performance metrics, rewarding employees for achieving specific goals or milestones. Overall, the Nebraska Restricted Stock Plan of RPM, Inc. is a compelling employee benefit designed to foster employee loyalty, reward dedication, and align the interests of employees with the long-term success of the company. The plan offers various types of RSS, tailored to different employee categories, ensuring a fair and motivating reward system within RPM, Inc.'s workforce.

Nebraska Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program offered by RPM, Inc., a leading company in the state of Nebraska. This stock plan is specifically designed to incentivize and reward RPM employees by granting them restricted stock units (RSS) that are subject to certain restrictions and conditions. The Nebraska Restricted Stock Plan allows eligible employees to receive RSS, which represent ownership interest in RPM, Inc. This RSS is awarded as compensation and serve as a long-term incentive for employees to contribute to the growth and success of the company. Participants are granted a specific number of RSS based on their job level, performance, and other predetermined factors. The RSS granted under the Nebraska Restricted Stock Plan are subject to a vesting schedule, typically spanning several years. This means that employees do not have immediate ownership rights to the stock units. Instead, they earn ownership gradually over time, incentivizing employee loyalty and long-term commitment. Upon vesting, employees gain the right to convert the RSS into company shares. The conversion ratio is predetermined and usually follows a specific formula, typically based on the market value of RPM, Inc.'s common stock at the time of grant. It is important to note that employees may be subject to certain tax implications upon conversion and subsequent sale of the shares. Additionally, the Nebraska Restricted Stock Plan may offer different types of RSS based on eligibility criteria, such as executive-level RSS or performance-based RSS. Executive-level RSS might be exclusively available to high-level executives and key personnel, providing additional incentives to retain top talent and align their interests with the company's long-term objectives. Performance-based RSS may be granted based on predetermined performance metrics, rewarding employees for achieving specific goals or milestones. Overall, the Nebraska Restricted Stock Plan of RPM, Inc. is a compelling employee benefit designed to foster employee loyalty, reward dedication, and align the interests of employees with the long-term success of the company. The plan offers various types of RSS, tailored to different employee categories, ensuring a fair and motivating reward system within RPM, Inc.'s workforce.