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
Wyoming Restricted Stock Plan of Guilford Mills, Inc., often referred to as the "Wyoming Plan," is a comprehensive program designed to incentivize and reward employees of Guilford Mills, Inc., a well-established company based in Wyoming. This equity compensation plan provides participating employees with valuable stock options, allowing them to acquire company shares through various mechanisms. Under the Wyoming Restricted Stock Plan, eligible employees are granted restricted stock units (RSS) or restricted stock awards (SAS) as part of their overall compensation package. These awards serve as an attractive retention tool and motivate employees to contribute to the company's growth and success in the long term. The RSS and SAS come with certain conditions and restrictions, ensuring that employees remain vested in the company's performance. The Wyoming Plan features different types of equity-based awards within its framework. These may include: 1. Restricted Stock Units (RSS): RSS represent a promise to deliver company shares to employees at a future date, typically after meeting specific performance and tenure conditions. Once vested, employees have the right to convert RSS into actual company shares. 2. Restricted Stock Awards (SAS): Similar to RSS, SAS grant employees the right to receive company shares in the future. However, SAS are usually awarded outright, with immediate ownership of the shares subject to specific vesting conditions. Once these conditions are met, employees gain unrestricted ownership of the awarded shares. 3. Performance-Based Restricted Stock Awards: Beyond basic SAS, the Wyoming Plan may offer additional stock awards tied to specific performance metrics or corporate milestones. By linking equity rewards to predetermined goals, the plan encourages employees to enhance individual and collective performance, leading to increased shareholder value. 4. Stock Option Grants: While RSS and SAS are the primary vehicles under the Wyoming Plan, there may be instances where stock option grants are also utilized. Stock options provide employees with the right to purchase company shares at a predetermined price, known as the exercise price, within a specified timeframe. This allows employees to benefit from the potential appreciation of the company's stock value. Through the Wyoming Restricted Stock Plan of Guilford Mills, Inc., employees have the opportunity to become direct shareholders in the company, aligning their financial interests with the organizational objectives. By combining competitive compensation and long-term incentives, this plan fosters employee retention, boosts loyalty, and drives overall company performance. Note: Please ensure to refer to official documents or contact Guilford Mills, Inc. for the most accurate and up-to-date information regarding the details and types of their Wyoming Restricted Stock Plan.
Wyoming Restricted Stock Plan of Guilford Mills, Inc., often referred to as the "Wyoming Plan," is a comprehensive program designed to incentivize and reward employees of Guilford Mills, Inc., a well-established company based in Wyoming. This equity compensation plan provides participating employees with valuable stock options, allowing them to acquire company shares through various mechanisms. Under the Wyoming Restricted Stock Plan, eligible employees are granted restricted stock units (RSS) or restricted stock awards (SAS) as part of their overall compensation package. These awards serve as an attractive retention tool and motivate employees to contribute to the company's growth and success in the long term. The RSS and SAS come with certain conditions and restrictions, ensuring that employees remain vested in the company's performance. The Wyoming Plan features different types of equity-based awards within its framework. These may include: 1. Restricted Stock Units (RSS): RSS represent a promise to deliver company shares to employees at a future date, typically after meeting specific performance and tenure conditions. Once vested, employees have the right to convert RSS into actual company shares. 2. Restricted Stock Awards (SAS): Similar to RSS, SAS grant employees the right to receive company shares in the future. However, SAS are usually awarded outright, with immediate ownership of the shares subject to specific vesting conditions. Once these conditions are met, employees gain unrestricted ownership of the awarded shares. 3. Performance-Based Restricted Stock Awards: Beyond basic SAS, the Wyoming Plan may offer additional stock awards tied to specific performance metrics or corporate milestones. By linking equity rewards to predetermined goals, the plan encourages employees to enhance individual and collective performance, leading to increased shareholder value. 4. Stock Option Grants: While RSS and SAS are the primary vehicles under the Wyoming Plan, there may be instances where stock option grants are also utilized. Stock options provide employees with the right to purchase company shares at a predetermined price, known as the exercise price, within a specified timeframe. This allows employees to benefit from the potential appreciation of the company's stock value. Through the Wyoming Restricted Stock Plan of Guilford Mills, Inc., employees have the opportunity to become direct shareholders in the company, aligning their financial interests with the organizational objectives. By combining competitive compensation and long-term incentives, this plan fosters employee retention, boosts loyalty, and drives overall company performance. Note: Please ensure to refer to official documents or contact Guilford Mills, Inc. for the most accurate and up-to-date information regarding the details and types of their Wyoming Restricted Stock Plan.