Nevada 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 Nevada Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program offered by RPM, Inc., a prominent company operating in Nevada. This strategic compensation plan aims to reward and motivate employees by granting them ownership in the form of restricted stock. The company provides different types of restricted stock plans to cater to diverse employee needs and objectives. One of the primary variants of the Nevada Restricted Stock Plan is the "Standard Restricted Stock Plan." In this plan, eligible employees are offered a specified number of restricted stock units (RSS) which represent ownership in the company. This RSS is subject to certain restrictions, such as vesting requirements, performance goals, or time-based requirements. Once the restrictions are satisfied, employees gain full ownership rights and can either retain or sell their acquired shares. Another type of Nevada Restricted Stock Plan offered by RPM, Inc. is the "Performance-Based Restricted Stock Plan." Under this plan, employees are granted RSS based on their performance and contributions towards company goals. The RSS awarded are typically tied to predefined performance targets that need to be achieved to gain full ownership. Performance-based plans align the interests of employees with the company's objectives, promoting a culture of high performance. RPM, Inc. also provides the "Restricted Stock Unit Exchange Program" as part of the Nevada Restricted Stock Plan. This program allows employees to exchange their vested restricted stock units for other types of equity awards or cash equivalents. It offers flexibility to employees who wish to diversify their holdings or prefer alternative types of financial compensation. The overall objective of the Nevada Restricted Stock Plan is to retain and motivate talented employees, align their interests with the company's success, and create a sense of ownership and dedication. Through these various types of plans, RPM, Inc. strives to recognize and reward employees' hard work, foster loyalty, and contribute to their long-term financial well-being. Key terms: Nevada Restricted Stock Plan, RPM, Inc., employee benefits, restricted stock, restricted stock units, ownership, vesting requirements, performance goals, time-based requirements, Performance-Based Restricted Stock Plan, Performance targets, Restricted Stock Unit Exchange Program, equity awards, cash equivalents, employee retention, employee motivation, ownership culture, financial compensation, talented employees, loyalty, long-term financial well-being.

Nevada Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program offered by RPM, Inc., a prominent company operating in Nevada. This strategic compensation plan aims to reward and motivate employees by granting them ownership in the form of restricted stock. The company provides different types of restricted stock plans to cater to diverse employee needs and objectives. One of the primary variants of the Nevada Restricted Stock Plan is the "Standard Restricted Stock Plan." In this plan, eligible employees are offered a specified number of restricted stock units (RSS) which represent ownership in the company. This RSS is subject to certain restrictions, such as vesting requirements, performance goals, or time-based requirements. Once the restrictions are satisfied, employees gain full ownership rights and can either retain or sell their acquired shares. Another type of Nevada Restricted Stock Plan offered by RPM, Inc. is the "Performance-Based Restricted Stock Plan." Under this plan, employees are granted RSS based on their performance and contributions towards company goals. The RSS awarded are typically tied to predefined performance targets that need to be achieved to gain full ownership. Performance-based plans align the interests of employees with the company's objectives, promoting a culture of high performance. RPM, Inc. also provides the "Restricted Stock Unit Exchange Program" as part of the Nevada Restricted Stock Plan. This program allows employees to exchange their vested restricted stock units for other types of equity awards or cash equivalents. It offers flexibility to employees who wish to diversify their holdings or prefer alternative types of financial compensation. The overall objective of the Nevada Restricted Stock Plan is to retain and motivate talented employees, align their interests with the company's success, and create a sense of ownership and dedication. Through these various types of plans, RPM, Inc. strives to recognize and reward employees' hard work, foster loyalty, and contribute to their long-term financial well-being. Key terms: Nevada Restricted Stock Plan, RPM, Inc., employee benefits, restricted stock, restricted stock units, ownership, vesting requirements, performance goals, time-based requirements, Performance-Based Restricted Stock Plan, Performance targets, Restricted Stock Unit Exchange Program, equity awards, cash equivalents, employee retention, employee motivation, ownership culture, financial compensation, talented employees, loyalty, long-term financial well-being.