Rhode Island 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 Rhode Island Restricted Stock Plan offered by RPM, Inc., is a comprehensive employee benefit plan designed to incentivize and reward key employees. Through this plan, eligible individuals are granted restricted stock units (RSS) as a form of compensation. This RSS is subject to certain restrictions and vesting schedules, ensuring that employees remain committed to the long-term success of the company. By participating in the Rhode Island Restricted Stock Plan, employees have the opportunity to acquire a direct stake in RPM, Inc., thereby aligning their interests with the company's overall performance and growth. This type of equity compensation is particularly valuable, as it not only provides financial incentives but also strengthens the bond between employees and the organization. It promotes a sense of ownership and motivates employees to contribute significantly to the company's success. Within the Rhode Island Restricted Stock Plan, there may be different types of RSS available, tailored to the specific needs and objectives of RPM, Inc. These variations could include performance-based RSS, time-based RSS, or a combination of both. Performance-based RSS are tied to predefined performance targets, ensuring that employees are rewarded based on the company's achievements. Time-based RSS, on the other hand, may vest over a specific duration of service or employment, typically in accordance with a predetermined schedule. The Rhode Island Restricted Stock Plan not only benefits employees but also has advantages for RPM, Inc. It enables the company to attract and retain top talent, as the plan offers a competitive and attractive compensation package. Additionally, since RSS are tied to the company's performance, employees are driven to work towards the company's growth and profitability, leading to increased shareholder value. In conclusion, the Rhode Island Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit plan that grants restricted stock units to eligible individuals. This plan keeps employees motivated, aligned with RPM's success, and promotes a sense of ownership and dedication. The different types of RSS within the plan, such as performance-based and time-based, cater to individual employee needs and goals. This plan is a valuable tool for attracting and retaining top talent while driving the company's long-term growth.

The Rhode Island Restricted Stock Plan offered by RPM, Inc., is a comprehensive employee benefit plan designed to incentivize and reward key employees. Through this plan, eligible individuals are granted restricted stock units (RSS) as a form of compensation. This RSS is subject to certain restrictions and vesting schedules, ensuring that employees remain committed to the long-term success of the company. By participating in the Rhode Island Restricted Stock Plan, employees have the opportunity to acquire a direct stake in RPM, Inc., thereby aligning their interests with the company's overall performance and growth. This type of equity compensation is particularly valuable, as it not only provides financial incentives but also strengthens the bond between employees and the organization. It promotes a sense of ownership and motivates employees to contribute significantly to the company's success. Within the Rhode Island Restricted Stock Plan, there may be different types of RSS available, tailored to the specific needs and objectives of RPM, Inc. These variations could include performance-based RSS, time-based RSS, or a combination of both. Performance-based RSS are tied to predefined performance targets, ensuring that employees are rewarded based on the company's achievements. Time-based RSS, on the other hand, may vest over a specific duration of service or employment, typically in accordance with a predetermined schedule. The Rhode Island Restricted Stock Plan not only benefits employees but also has advantages for RPM, Inc. It enables the company to attract and retain top talent, as the plan offers a competitive and attractive compensation package. Additionally, since RSS are tied to the company's performance, employees are driven to work towards the company's growth and profitability, leading to increased shareholder value. In conclusion, the Rhode Island Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit plan that grants restricted stock units to eligible individuals. This plan keeps employees motivated, aligned with RPM's success, and promotes a sense of ownership and dedication. The different types of RSS within the plan, such as performance-based and time-based, cater to individual employee needs and goals. This plan is a valuable tool for attracting and retaining top talent while driving the company's long-term growth.