New Hampshire Restricted Stock Plan of Guilford Mills, Inc.

• Category: Corporations - Public - Incentive Compensation Plans
• State: Multi-State
• Control #: US-CC-20-170A
• Format: Word; Rich Text

Description

20-170A 20-170A . . . Restricted Stock Plan under which Compensation Committee grants awards of shares of common stock in accordance with terms and conditions set forth in agreement between corporation and participant. Each Stock Agreement contains such individual and corporate performance goals, restrictions, terms and conditions as Compensation Committee may require including price, if any, which participant shall be required to pay for shares The New Hampshire Restricted Stock Plan of Guilford Mills, Inc. is a comprehensive employee compensation program offered by Guilford Mills, Inc., specifically designed for employees located in New Hampshire. This stock plan allows eligible employees to acquire shares of the company's stock at a predetermined price, subject to various restrictions and conditions. The plan offers several variations and types of restricted stock plans, each tailored to meet the specific needs and requirements of different employee groups. Some different types of New Hampshire Restricted Stock Plans offered by Guilford Mills, Inc. include: 1. Employee Stock Purchase Plan (ESPN): The ESPN enables eligible employees to purchase company stock at a discounted price, usually through payroll deductions. Participants can acquire shares gradually over a specified period, typically offering a tax advantage. 2. Performance-Based Restricted Stock Units (RSS): RSS are awarded to employees based on the achievement of predetermined performance objectives, such as meeting revenue targets or exceeding customer satisfaction goals. The RSS are granted as a form of compensation and vest over a certain period of time, providing employees the opportunity to acquire company stock. 3. Time-Based Restricted Stock Units (RSS): Time-based RSS are granted to employees subject to specific conditions, typically related to tenure or continuous service with the company. These units vest gradually over a defined period, providing employees the right to receive company shares once specific milestones are met. 4. Director Stock Ownership Guidelines: This type of plan is designed specifically for directors serving on Guilford Mills' board. It sets guidelines for required levels of company stock ownership by directors to align their interests with the long-term success of the organization. 5. Executive Stock Option Plan: Executives and key employees may be provided with stock options, granting them the right to purchase company stock at a predetermined price within a specific timeframe. These stock options often have vesting schedules and are usually offered as part of executive compensation packages. The New Hampshire Restricted Stock Plan of Guilford Mills, Inc. aims to incentivize and reward employees by providing them with an opportunity to share in the company's success. Through various types of plans, Guilford Mills aims to align the interests of its employees with the long-term growth and prosperity of the organization. Note that specific details regarding the plans, eligibility criteria, vesting schedules, and taxation may vary, and it is recommended for employees to refer to official plan documentation for accurate and up-to-date information.

The New Hampshire Restricted Stock Plan of Guilford Mills, Inc. is a comprehensive employee compensation program offered by Guilford Mills, Inc., specifically designed for employees located in New Hampshire. This stock plan allows eligible employees to acquire shares of the company's stock at a predetermined price, subject to various restrictions and conditions. The plan offers several variations and types of restricted stock plans, each tailored to meet the specific needs and requirements of different employee groups. Some different types of New Hampshire Restricted Stock Plans offered by Guilford Mills, Inc. include: 1. Employee Stock Purchase Plan (ESPN): The ESPN enables eligible employees to purchase company stock at a discounted price, usually through payroll deductions. Participants can acquire shares gradually over a specified period, typically offering a tax advantage. 2. Performance-Based Restricted Stock Units (RSS): RSS are awarded to employees based on the achievement of predetermined performance objectives, such as meeting revenue targets or exceeding customer satisfaction goals. The RSS are granted as a form of compensation and vest over a certain period of time, providing employees the opportunity to acquire company stock. 3. Time-Based Restricted Stock Units (RSS): Time-based RSS are granted to employees subject to specific conditions, typically related to tenure or continuous service with the company. These units vest gradually over a defined period, providing employees the right to receive company shares once specific milestones are met. 4. Director Stock Ownership Guidelines: This type of plan is designed specifically for directors serving on Guilford Mills' board. It sets guidelines for required levels of company stock ownership by directors to align their interests with the long-term success of the organization. 5. Executive Stock Option Plan: Executives and key employees may be provided with stock options, granting them the right to purchase company stock at a predetermined price within a specific timeframe. These stock options often have vesting schedules and are usually offered as part of executive compensation packages. The New Hampshire Restricted Stock Plan of Guilford Mills, Inc. aims to incentivize and reward employees by providing them with an opportunity to share in the company's success. Through various types of plans, Guilford Mills aims to align the interests of its employees with the long-term growth and prosperity of the organization. Note that specific details regarding the plans, eligibility criteria, vesting schedules, and taxation may vary, and it is recommended for employees to refer to official plan documentation for accurate and up-to-date information.