The New York Adoption of Restricted Stock Plan of RPM, Inc. is a comprehensive program designed to incentivize and reward employees of RPM, Inc. with equity ownership. This stock plan aims to align the interests of employees with the long-term success of the company by granting restricted stock as a form of compensation. With the New York Adoption of Restricted Stock Plan, eligible employees are granted restricted stock units (RSS) which symbolize ownership in the company. This RSS carry certain restrictions and conditions that must be met before they fully vest and can be converted into common stock. By awarding restricted stock, RPM, Inc. aims to motivate employees to contribute their best efforts towards the company's growth and success. Under this plan, the New York Adoption of Restricted Stock Plan of RPM, Inc. encompasses various types of restricted stock grants, such as time-based vesting, performance-based vesting, or a combination of both. Time-based vesting means that the RSS granted to employees will vest over a specific period of time, providing a gradual path to ownership. On the other hand, performance-based vesting is tied to predetermined performance benchmarks or goals set by the company. This type of vesting requires employees to achieve certain milestones or targets to unlock the shares. The New York Adoption of Restricted Stock Plan of RPM, Inc. safeguards the interests of both the company and the employees by including provisions for stock forfeiture in the event of termination or resignation before full vesting. This ensures that only employees who remain committed to the company's vision and goals reap the full benefits of the plan. By implementing the New York Adoption of Restricted Stock Plan, RPM, Inc. aims to attract and retain top talent, foster a culture of ownership and accountability, and drive employee motivation and loyalty. This stock plan not only provides employees with a tangible stake in the company's success but also offers a potential financial reward as the stock value appreciates over time. In summary, the New York Adoption of Restricted Stock Plan of RPM, Inc. is a comprehensive equity compensation program that provides eligible employees with restricted stock units as a form of long-term incentive. Through various vesting structures, the plan aligns employee interests with company performance, fostering a mutually beneficial relationship for all parties involved.