Hennepin Minnesota Adoption of Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Hennepin
• Control #: US-CC-18-199A-NE
• Format: Word; Rich Text

Description

This sample form, a detailed Adoption of Restricted Stock Plan, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats. Hennepin County, Minnesota is home to the headquarters of RPM, Inc., a leading global manufacturer of specialized coatings and sealants. As part of its employee compensation package, RPM has developed the Hennepin Minnesota Adoption of Restricted Stock Plan, which aims to provide its employees with an opportunity to share in the company's success. Under this plan, eligible employees are granted restricted stock units (RSS) that represent a specified number of shares of RPM's common stock. This RSS has certain restrictions and vesting schedules, meaning that employees cannot immediately sell or transfer the shares. Instead, they must wait for a defined period of time, usually several years, to become fully vested. The Hennepin Minnesota Adoption of Restricted Stock Plan reflects RPM, Inc.'s commitment to fostering a sense of ownership and incentivizing its employees to contribute to the long-term success of the company. By granting RSS, RPM enables employees to benefit from an increase in the company's stock price over time. There are different types of Hennepin Minnesota Adoption of Restricted Stock Plans available to RPM employees, including: 1. Performance-Based RSS: In certain cases, RPM may grant RSS based on specific performance-related criteria. These criteria could be financial targets, strategic goals, or other objectives that must be met for the RSS to vest. 2. Time-Based RSS: The most common type of RSU granted by RPM is time-based. This RSS typically vest over a period of several years, with a percentage of the total RSS becoming eligible for sale or transfer each year. 3. Executive RSS: This type of RSU is specifically designed for RPM's top-level executives. The vesting criteria and terms for executive RSS may differ from those of other employees, aligning with the executive's role and responsibilities within the company. The Hennepin Minnesota Adoption of Restricted Stock Plan offers RPM employees a valuable opportunity to become shareholders and benefit from the company's growth and success. Additionally, it serves as a retention tool, encouraging employee loyalty and commitment to RPM's long-term objectives. Through this stock plan, RPM demonstrates its dedication to recognizing and rewarding employee contributions, ultimately fostering a culture of ownership and shared success.

Hennepin County, Minnesota is home to the headquarters of RPM, Inc., a leading global manufacturer of specialized coatings and sealants. As part of its employee compensation package, RPM has developed the Hennepin Minnesota Adoption of Restricted Stock Plan, which aims to provide its employees with an opportunity to share in the company's success. Under this plan, eligible employees are granted restricted stock units (RSS) that represent a specified number of shares of RPM's common stock. This RSS has certain restrictions and vesting schedules, meaning that employees cannot immediately sell or transfer the shares. Instead, they must wait for a defined period of time, usually several years, to become fully vested. The Hennepin Minnesota Adoption of Restricted Stock Plan reflects RPM, Inc.'s commitment to fostering a sense of ownership and incentivizing its employees to contribute to the long-term success of the company. By granting RSS, RPM enables employees to benefit from an increase in the company's stock price over time. There are different types of Hennepin Minnesota Adoption of Restricted Stock Plans available to RPM employees, including: 1. Performance-Based RSS: In certain cases, RPM may grant RSS based on specific performance-related criteria. These criteria could be financial targets, strategic goals, or other objectives that must be met for the RSS to vest. 2. Time-Based RSS: The most common type of RSU granted by RPM is time-based. This RSS typically vest over a period of several years, with a percentage of the total RSS becoming eligible for sale or transfer each year. 3. Executive RSS: This type of RSU is specifically designed for RPM's top-level executives. The vesting criteria and terms for executive RSS may differ from those of other employees, aligning with the executive's role and responsibilities within the company. The Hennepin Minnesota Adoption of Restricted Stock Plan offers RPM employees a valuable opportunity to become shareholders and benefit from the company's growth and success. Additionally, it serves as a retention tool, encouraging employee loyalty and commitment to RPM's long-term objectives. Through this stock plan, RPM demonstrates its dedication to recognizing and rewarding employee contributions, ultimately fostering a culture of ownership and shared success.