Oregon 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 Oregon Restricted Stock Plan of RPM, Inc. is a comprehensive employee compensation program designed to motivate and retain key employees in the state of Oregon. It offers various types of restricted stock options to eligible employees, providing an opportunity for long-term wealth accumulation and alignment of their interests with the company's overall growth and success. One type of Oregon Restricted Stock Plan offered by RPM, Inc. is the Performance-Based Restricted Stock Program. This program rewards employees based on their individual and/or team performance, ensuring that their efforts contribute significantly to the company's objectives and financial goals. Under this plan, employees are granted restricted stock units (RSS) that vest over a specified period, subject to achieving predetermined performance targets or metrics. Another type of Oregon Restricted Stock Plan available is the Time-Based Restricted Stock Program. This program grants employees a certain number of restricted stock units upfront, which vest over a predetermined period of time. Generally, employees must remain employed with RPM, Inc. for a specific duration before the RSS fully vest, ensuring loyalty and commitment to the company's long-term success. The Oregon Restricted Stock Plan of RPM, Inc. also incorporates a Tax-Advantaged Restricted Stock Program. This type of plan aims to maximize potential tax advantages for eligible employees, offering them the opportunity to defer the recognition of income until the restricted stock units are actually sold. By deferring taxes, employees may have additional income growth potential while remaining incentivized to contribute to the company's success. Participation in the Oregon Restricted Stock Plan of RPM, Inc. is contingent upon meeting certain eligibility criteria, which may include job level, tenure, and performance benchmarks. RPM, Inc. believes in the principle of equity and aligning employee compensation with the long-term interests of the company and its shareholders. By offering a variety of restricted stock options, employees are motivated to work towards both personal and organizational growth, fostering a culture of dedication and accountability. Overall, the Oregon Restricted Stock Plan of RPM, Inc. plays a vital role in attracting, motivating, and retaining top talent in Oregon by providing employees with an opportunity for financial success and aligning their interests with the company's overarching objectives. It signifies RPM, Inc.'s commitment to creating a sustainable and prosperous future for both the company and its employees in the state of Oregon.

The Oregon Restricted Stock Plan of RPM, Inc. is a comprehensive employee compensation program designed to motivate and retain key employees in the state of Oregon. It offers various types of restricted stock options to eligible employees, providing an opportunity for long-term wealth accumulation and alignment of their interests with the company's overall growth and success. One type of Oregon Restricted Stock Plan offered by RPM, Inc. is the Performance-Based Restricted Stock Program. This program rewards employees based on their individual and/or team performance, ensuring that their efforts contribute significantly to the company's objectives and financial goals. Under this plan, employees are granted restricted stock units (RSS) that vest over a specified period, subject to achieving predetermined performance targets or metrics. Another type of Oregon Restricted Stock Plan available is the Time-Based Restricted Stock Program. This program grants employees a certain number of restricted stock units upfront, which vest over a predetermined period of time. Generally, employees must remain employed with RPM, Inc. for a specific duration before the RSS fully vest, ensuring loyalty and commitment to the company's long-term success. The Oregon Restricted Stock Plan of RPM, Inc. also incorporates a Tax-Advantaged Restricted Stock Program. This type of plan aims to maximize potential tax advantages for eligible employees, offering them the opportunity to defer the recognition of income until the restricted stock units are actually sold. By deferring taxes, employees may have additional income growth potential while remaining incentivized to contribute to the company's success. Participation in the Oregon Restricted Stock Plan of RPM, Inc. is contingent upon meeting certain eligibility criteria, which may include job level, tenure, and performance benchmarks. RPM, Inc. believes in the principle of equity and aligning employee compensation with the long-term interests of the company and its shareholders. By offering a variety of restricted stock options, employees are motivated to work towards both personal and organizational growth, fostering a culture of dedication and accountability. Overall, the Oregon Restricted Stock Plan of RPM, Inc. plays a vital role in attracting, motivating, and retaining top talent in Oregon by providing employees with an opportunity for financial success and aligning their interests with the company's overarching objectives. It signifies RPM, Inc.'s commitment to creating a sustainable and prosperous future for both the company and its employees in the state of Oregon.