Vermont 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 Vermont Restricted Stock Plan of RPM, Inc. is a comprehensive and well-structured employee compensation program designed to reward and retain key employees within the organization. With a focus on providing long-term incentives, this plan offers various types of restricted stock options to eligible employees based in Vermont. One of the primary options under the Vermont Restricted Stock Plan is the Restricted Stock Unit (RSU). RSS grant eligible employees the right to receive a specific number of company shares at a predetermined future date. These shares are subject to vesting conditions, typically based on the employee's length of service or achievement of certain performance goals. Once vested, the employee can sell or hold the shares as per their discretion. Another type of restricted stock offered through this plan is the Performance Stock Option (PSO). SOS are granted to employees contingent upon the achievement of specific performance targets or milestones. These options provide employees with the potential to earn additional shares or cash bonuses based on the company's performance. Successful attainment of predetermined objectives ensures the conversion of SOS into vested shares. Additionally, the Vermont Restricted Stock Plan may include the Employee Stock Purchase Plan (ESPN) as another alternative. ESPN enables eligible employees to purchase company stock at a discounted price, often through payroll deductions. The plan encourages employees to invest in the company's stock, fostering a sense of ownership and alignment of interests between employees and shareholders. The Vermont Restricted Stock Plan of RPM, Inc. aims to motivate and incentivize employees by providing them with a stake in the company's success. By linking stock awards to specific performance goals and vesting periods, the plan encourages retention, loyalty, and alignment with long-term objectives. Employees benefit from potential financial gains as the company performs well, while the business gains a committed and motivated workforce striving towards long-term growth. It's important to note that the specific details, terms, and eligibility criteria of the Vermont Restricted Stock Plan may vary based on the employee's position, level, and contribution to the organization. RPM, Inc. has likely customized the plan to suit its unique needs and comply with relevant laws and regulations in Vermont.

The Vermont Restricted Stock Plan of RPM, Inc. is a comprehensive and well-structured employee compensation program designed to reward and retain key employees within the organization. With a focus on providing long-term incentives, this plan offers various types of restricted stock options to eligible employees based in Vermont. One of the primary options under the Vermont Restricted Stock Plan is the Restricted Stock Unit (RSU). RSS grant eligible employees the right to receive a specific number of company shares at a predetermined future date. These shares are subject to vesting conditions, typically based on the employee's length of service or achievement of certain performance goals. Once vested, the employee can sell or hold the shares as per their discretion. Another type of restricted stock offered through this plan is the Performance Stock Option (PSO). SOS are granted to employees contingent upon the achievement of specific performance targets or milestones. These options provide employees with the potential to earn additional shares or cash bonuses based on the company's performance. Successful attainment of predetermined objectives ensures the conversion of SOS into vested shares. Additionally, the Vermont Restricted Stock Plan may include the Employee Stock Purchase Plan (ESPN) as another alternative. ESPN enables eligible employees to purchase company stock at a discounted price, often through payroll deductions. The plan encourages employees to invest in the company's stock, fostering a sense of ownership and alignment of interests between employees and shareholders. The Vermont Restricted Stock Plan of RPM, Inc. aims to motivate and incentivize employees by providing them with a stake in the company's success. By linking stock awards to specific performance goals and vesting periods, the plan encourages retention, loyalty, and alignment with long-term objectives. Employees benefit from potential financial gains as the company performs well, while the business gains a committed and motivated workforce striving towards long-term growth. It's important to note that the specific details, terms, and eligibility criteria of the Vermont Restricted Stock Plan may vary based on the employee's position, level, and contribution to the organization. RPM, Inc. has likely customized the plan to suit its unique needs and comply with relevant laws and regulations in Vermont.