Oregon 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 Oregon Restricted Stock Plan of Guilford Mills, Inc. is a comprehensive employee compensation program that grants employees of the company the opportunity to acquire company stock with certain restrictions. This plan is designed to incentivize long-term commitment and performance excellence within the organization. Several types of Oregon Restricted Stock Plans are offered by Guilford Mills, Inc., each tailored to meet the specific needs and objectives of different employee groups. One type of plan is the Oregon Restricted Stock Plan for Executives, which is exclusively for key executives and senior management personnel. This plan aims to attract and retain top-tier talent by aligning their interests with those of the company's shareholders. Executives participating in this plan are granted restricted stock units (RSS) based on predetermined performance goals and vesting schedules. Another variant is the Oregon Restricted Stock Plan for Non-Executives, which extends participation to non-executive employees at various organizational levels. It offers employees the opportunity to acquire restricted stock in Guilford Mills, Inc. as part of their overall compensation package, fostering a sense of ownership and motivation to contribute to the company's success. Similarly to the executive plan, RSS are granted to non-executives with specific vesting conditions based on performance metrics or tenure. The Oregon Restricted Stock Plan for New Hires caters specifically to newly hired employees, welcoming them into the organization by offering restricted stock grants. This plan serves as an incentive for attracting talented individuals to join Guilford Mills, Inc., as they will become part owners of the company. The stock received under this plan is subject to vesting conditions, encouraging employee loyalty and long-term engagement. Additionally, the Oregon Restricted Stock Plan offers a variation known as the Performance-Based Restricted Stock Plan. With this plan, employees have the opportunity to earn additional stock grants based on the achievement of pre-determined performance targets. The performance targets are directly related to the company's financial results, individual goal attainment, or other performance indicators. This plan encourages a culture of accountability and rewards exceptional performance. Overall, the Oregon Restricted Stock Plan of Guilford Mills, Inc. encompasses a range of options tailored to different employee groups, enabling them to acquire company stock while promoting dedication, motivation, and collaboration. Through these plans, Guilford Mills, Inc. aims to align the interests of its employees with the long-term success of the company, fostering a sense of ownership and shared responsibility.

The Oregon Restricted Stock Plan of Guilford Mills, Inc. is a comprehensive employee compensation program that grants employees of the company the opportunity to acquire company stock with certain restrictions. This plan is designed to incentivize long-term commitment and performance excellence within the organization. Several types of Oregon Restricted Stock Plans are offered by Guilford Mills, Inc., each tailored to meet the specific needs and objectives of different employee groups. One type of plan is the Oregon Restricted Stock Plan for Executives, which is exclusively for key executives and senior management personnel. This plan aims to attract and retain top-tier talent by aligning their interests with those of the company's shareholders. Executives participating in this plan are granted restricted stock units (RSS) based on predetermined performance goals and vesting schedules. Another variant is the Oregon Restricted Stock Plan for Non-Executives, which extends participation to non-executive employees at various organizational levels. It offers employees the opportunity to acquire restricted stock in Guilford Mills, Inc. as part of their overall compensation package, fostering a sense of ownership and motivation to contribute to the company's success. Similarly to the executive plan, RSS are granted to non-executives with specific vesting conditions based on performance metrics or tenure. The Oregon Restricted Stock Plan for New Hires caters specifically to newly hired employees, welcoming them into the organization by offering restricted stock grants. This plan serves as an incentive for attracting talented individuals to join Guilford Mills, Inc., as they will become part owners of the company. The stock received under this plan is subject to vesting conditions, encouraging employee loyalty and long-term engagement. Additionally, the Oregon Restricted Stock Plan offers a variation known as the Performance-Based Restricted Stock Plan. With this plan, employees have the opportunity to earn additional stock grants based on the achievement of pre-determined performance targets. The performance targets are directly related to the company's financial results, individual goal attainment, or other performance indicators. This plan encourages a culture of accountability and rewards exceptional performance. Overall, the Oregon Restricted Stock Plan of Guilford Mills, Inc. encompasses a range of options tailored to different employee groups, enabling them to acquire company stock while promoting dedication, motivation, and collaboration. Through these plans, Guilford Mills, Inc. aims to align the interests of its employees with the long-term success of the company, fostering a sense of ownership and shared responsibility.