Ohio 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 The Ohio Restricted Stock Plan of RPM, Inc. is a specialized program designed by RPM, Inc. to offer its employees the opportunity to own an equity stake in the company. This plan is exclusively available for RPM, Inc. employees who work in the state of Ohio. Under this stock plan, eligible employees are granted restricted stock units (RSS) as a form of compensation. RSS is a type of equity award where an employee receives stock units that will convert into actual company stocks after a certain vesting period is met. It provides a means for employees to share in the company's success and align their interests with the shareholders'. The Ohio Restricted Stock Plan of RPM, Inc. aims to motivate and retain talented employees by enabling them to become partial owners of the company. By granting RSS, RPM, Inc. ensures that employees have a vested interest in the company's performance, fostering loyalty and dedication to driving its success. There are different types of Ohio Restricted Stock Plan of RPM, Inc.: 1. Standard Ohio Restricted Stock Plan: This plan offers eligible employees a set number of RSS, typically based on their position, performance, and tenure within the company. The RSS are subject to a vesting period, usually spanning several years. Once the RSS vest, employees gain ownership of the company's stocks. 2. Performance-based Ohio Restricted Stock Plan: In addition to the vesting period criteria of the standard plan, this plan incorporates specific performance benchmarks that employees must achieve to secure the RSS. These performance metrics may be tied to individual or team goals, incentivizing employees to excel in their respective roles. 3. Long-Term Ohio Restricted Stock Plan: This plan is designed to reward long-tenured employees who contribute significantly to the growth and success of RPM, Inc. It offers larger and more lucrative RSU grants to employees who have been with the company for an extended period, thereby recognizing their dedication and loyalty. Through the Ohio Restricted Stock Plan of RPM, Inc., employees have the potential to accumulate and build their wealth through the appreciation of the company's stock value. This plan not only serves as a robust compensation tool but also fosters a sense of ownership, commitment, and shared success among RPM, Inc.'s employees in Ohio.

The Ohio Restricted Stock Plan of RPM, Inc. is a specialized program designed by RPM, Inc. to offer its employees the opportunity to own an equity stake in the company. This plan is exclusively available for RPM, Inc. employees who work in the state of Ohio. Under this stock plan, eligible employees are granted restricted stock units (RSS) as a form of compensation. RSS is a type of equity award where an employee receives stock units that will convert into actual company stocks after a certain vesting period is met. It provides a means for employees to share in the company's success and align their interests with the shareholders'. The Ohio Restricted Stock Plan of RPM, Inc. aims to motivate and retain talented employees by enabling them to become partial owners of the company. By granting RSS, RPM, Inc. ensures that employees have a vested interest in the company's performance, fostering loyalty and dedication to driving its success. There are different types of Ohio Restricted Stock Plan of RPM, Inc.: 1. Standard Ohio Restricted Stock Plan: This plan offers eligible employees a set number of RSS, typically based on their position, performance, and tenure within the company. The RSS are subject to a vesting period, usually spanning several years. Once the RSS vest, employees gain ownership of the company's stocks. 2. Performance-based Ohio Restricted Stock Plan: In addition to the vesting period criteria of the standard plan, this plan incorporates specific performance benchmarks that employees must achieve to secure the RSS. These performance metrics may be tied to individual or team goals, incentivizing employees to excel in their respective roles. 3. Long-Term Ohio Restricted Stock Plan: This plan is designed to reward long-tenured employees who contribute significantly to the growth and success of RPM, Inc. It offers larger and more lucrative RSU grants to employees who have been with the company for an extended period, thereby recognizing their dedication and loyalty. Through the Ohio Restricted Stock Plan of RPM, Inc., employees have the potential to accumulate and build their wealth through the appreciation of the company's stock value. This plan not only serves as a robust compensation tool but also fosters a sense of ownership, commitment, and shared success among RPM, Inc.'s employees in Ohio.