West Virginia 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 West Virginia Restricted Stock Plan of RPM, Inc. is a comprehensive program designed to provide eligible employees with an opportunity to acquire ownership in RPM, Inc., a leading company in its industry. This plan aims to reward and incentivize employees by granting them restricted stock units (RSS) as a form of compensation. Under the West Virginia Restricted Stock Plan of RPM, Inc., eligible employees are allotted a specific number of RSS, which represent the right to receive shares of company stock upon meeting certain vesting conditions. The number of RSS granted may vary based on factors such as job level, performance, and length of service. The primary purpose of offering RSS through this plan is to align the interests of employees with that of RPM, Inc.'s shareholders, fostering a sense of ownership and responsibility among its workforce. This program is an important part of RPM, Inc.'s overall compensation strategy, aimed at attracting and retaining top talent while fostering long-term growth and success. There are various types of West Virginia Restricted Stock Plans offered by RPM, Inc., tailored to meet the needs of different employee groups. These may include: 1. Management Restricted Stock Plan: This plan is designed specifically for top-level executives and senior management personnel. It typically offers a higher number of RSS and more favorable vesting conditions. 2. Employee Stock Purchase Plan (ESPN): While not exclusively a restricted stock plan, the ESPN is an additional program that allows eligible employees to purchase company stock at a discounted price. This plan enables employees to accumulate shares outside the RSU grants. 3. Long-Term Incentive Plan: This plan offers a combination of RSS and other performance-based incentives to selected employees. The RSS granted under this plan are subject to more stringent performance metrics, emphasizing the long-term growth and overall success of RPM, Inc. All participants in the West Virginia Restricted Stock Plan of RPM, Inc. are provided with detailed documentation upon enrollment, outlining the terms and conditions of their RSU grants. This includes information on the vesting schedule, tax implications, and procedures for stock conversion or transfer. It is essential for participants to familiarize themselves with the plan's rules and regulations to maximize the benefits of this valuable compensation tool. Employees are encouraged to consult with financial advisors or human resources representatives to gain a thorough understanding of the West Virginia Restricted Stock Plan and its impact on their financial situation. In summary, the West Virginia Restricted Stock Plan of RPM, Inc. is an integral part of the company's employee compensation strategy, offering eligible employees an opportunity to acquire ownership in the organization. Through tailored RSU grants, this plan aligns employee interests with company outcomes, driving long-term success and fostering a strong sense of ownership among RPM, Inc.'s workforce.

The West Virginia Restricted Stock Plan of RPM, Inc. is a comprehensive program designed to provide eligible employees with an opportunity to acquire ownership in RPM, Inc., a leading company in its industry. This plan aims to reward and incentivize employees by granting them restricted stock units (RSS) as a form of compensation. Under the West Virginia Restricted Stock Plan of RPM, Inc., eligible employees are allotted a specific number of RSS, which represent the right to receive shares of company stock upon meeting certain vesting conditions. The number of RSS granted may vary based on factors such as job level, performance, and length of service. The primary purpose of offering RSS through this plan is to align the interests of employees with that of RPM, Inc.'s shareholders, fostering a sense of ownership and responsibility among its workforce. This program is an important part of RPM, Inc.'s overall compensation strategy, aimed at attracting and retaining top talent while fostering long-term growth and success. There are various types of West Virginia Restricted Stock Plans offered by RPM, Inc., tailored to meet the needs of different employee groups. These may include: 1. Management Restricted Stock Plan: This plan is designed specifically for top-level executives and senior management personnel. It typically offers a higher number of RSS and more favorable vesting conditions. 2. Employee Stock Purchase Plan (ESPN): While not exclusively a restricted stock plan, the ESPN is an additional program that allows eligible employees to purchase company stock at a discounted price. This plan enables employees to accumulate shares outside the RSU grants. 3. Long-Term Incentive Plan: This plan offers a combination of RSS and other performance-based incentives to selected employees. The RSS granted under this plan are subject to more stringent performance metrics, emphasizing the long-term growth and overall success of RPM, Inc. All participants in the West Virginia Restricted Stock Plan of RPM, Inc. are provided with detailed documentation upon enrollment, outlining the terms and conditions of their RSU grants. This includes information on the vesting schedule, tax implications, and procedures for stock conversion or transfer. It is essential for participants to familiarize themselves with the plan's rules and regulations to maximize the benefits of this valuable compensation tool. Employees are encouraged to consult with financial advisors or human resources representatives to gain a thorough understanding of the West Virginia Restricted Stock Plan and its impact on their financial situation. In summary, the West Virginia Restricted Stock Plan of RPM, Inc. is an integral part of the company's employee compensation strategy, offering eligible employees an opportunity to acquire ownership in the organization. Through tailored RSU grants, this plan aligns employee interests with company outcomes, driving long-term success and fostering a strong sense of ownership among RPM, Inc.'s workforce.