Washington 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 Washington Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program designed to incentivize and retain talented individuals within the company. This plan is specifically tailored to comply with the regulations and requirements of the state of Washington. By granting restricted stock, RPM, Inc. aims to align the interests of its employees with the long-term success of the organization. Participants in the Washington Restricted Stock Plan not only receive their regular compensation but also have the opportunity to acquire company shares at a predetermined price. The shares are typically subject to certain restrictions, such as a vesting period or performance conditions, which must be met before full ownership is granted to the employee. This ensures that employees remain committed to their roles and contribute to the company's growth and profitability. The plan offers various types of restricted stock for different employee groups within RPM, Inc. Each type may have specific eligibility criteria, vesting schedules, and performance goals, providing flexibility and customization to meet the needs of diverse employee roles and responsibilities. Some notable types of Washington Restricted Stock Plans of RPM, Inc. may include: 1. Executive Restricted Stock Plan: This plan is designed for top-level executives and includes more substantial grants of restricted stock. It often incorporates longer vesting periods and rigorous performance targets, aligning executive compensation with the company's strategic objectives. 2. Employee Stock Option Plan: Although not strictly a restricted stock plan, RPM, Inc. may offer stock options to certain employees in Washington. These options provide the right to purchase company shares at a specified price, typically below the current market value, within a predetermined time frame. 3. Performance-Based Restricted Stock Plan: This variant of the Washington Restricted Stock Plan ties the vesting of stock grants to specific performance metrics measured over a certain period. Employees are rewarded with shares if they achieve or surpass predetermined goals, motivating them to excel in their roles. 4. Retirement Restricted Stock Plan: As part of RPM, Inc.'s commitment to long-term employee loyalty, this plan may provide certain restricted stock grants exclusively for employees nearing retirement. It enables employees to accumulate significant stock ownership, which can contribute to their financial security post-retirement. Participants in any type of RPM, Inc.'s Washington Restricted Stock Plan can enjoy potential financial gains as the company's share value increases over time. Being subject to Washington state regulations ensures compliance with the specific legal framework and tax implications unique to the state. Overall, the Washington Restricted Stock Plan of RPM, Inc. plays a vital role in attracting, motivating, and retaining talented individuals who contribute to the company's success while aligning their interests with those of RPM, Inc.

The Washington Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program designed to incentivize and retain talented individuals within the company. This plan is specifically tailored to comply with the regulations and requirements of the state of Washington. By granting restricted stock, RPM, Inc. aims to align the interests of its employees with the long-term success of the organization. Participants in the Washington Restricted Stock Plan not only receive their regular compensation but also have the opportunity to acquire company shares at a predetermined price. The shares are typically subject to certain restrictions, such as a vesting period or performance conditions, which must be met before full ownership is granted to the employee. This ensures that employees remain committed to their roles and contribute to the company's growth and profitability. The plan offers various types of restricted stock for different employee groups within RPM, Inc. Each type may have specific eligibility criteria, vesting schedules, and performance goals, providing flexibility and customization to meet the needs of diverse employee roles and responsibilities. Some notable types of Washington Restricted Stock Plans of RPM, Inc. may include: 1. Executive Restricted Stock Plan: This plan is designed for top-level executives and includes more substantial grants of restricted stock. It often incorporates longer vesting periods and rigorous performance targets, aligning executive compensation with the company's strategic objectives. 2. Employee Stock Option Plan: Although not strictly a restricted stock plan, RPM, Inc. may offer stock options to certain employees in Washington. These options provide the right to purchase company shares at a specified price, typically below the current market value, within a predetermined time frame. 3. Performance-Based Restricted Stock Plan: This variant of the Washington Restricted Stock Plan ties the vesting of stock grants to specific performance metrics measured over a certain period. Employees are rewarded with shares if they achieve or surpass predetermined goals, motivating them to excel in their roles. 4. Retirement Restricted Stock Plan: As part of RPM, Inc.'s commitment to long-term employee loyalty, this plan may provide certain restricted stock grants exclusively for employees nearing retirement. It enables employees to accumulate significant stock ownership, which can contribute to their financial security post-retirement. Participants in any type of RPM, Inc.'s Washington Restricted Stock Plan can enjoy potential financial gains as the company's share value increases over time. Being subject to Washington state regulations ensures compliance with the specific legal framework and tax implications unique to the state. Overall, the Washington Restricted Stock Plan of RPM, Inc. plays a vital role in attracting, motivating, and retaining talented individuals who contribute to the company's success while aligning their interests with those of RPM, Inc.