The Mecklenburg North Carolina Adoption of Restricted Stock Plan of RPM, Inc. is a comprehensive program implemented by RPM, Inc. to provide restricted stock options to eligible employees. This plan is designed to incentivize and reward key employees for their contributions to the company's growth and success. Under the Mecklenburg North Carolina Adoption of Restricted Stock Plan, eligible employees have the opportunity to receive restricted stock grants. Restricted stock refers to company shares that are subject to certain conditions and restrictions, typically pertaining to vesting periods or achievement of performance targets. This approach ensures that employees have a stake in the company's future performance and aligns their interests with those of RPM, Inc. The Mecklenburg North Carolina Adoption of Restricted Stock Plan offers various types of restricted stock grants, including time-based and performance-based awards. Time-based grants typically vest over a specified period, incentivizing long-term commitment and tenure with the company. On the other hand, performance-based grants are contingent upon the achievement of predetermined financial or operational goals, thus motivating employees to contribute to the company's growth and success. The purpose of the Mecklenburg North Carolina Adoption of Restricted Stock Plan is to attract and retain top talent by providing them with a significant ownership interest in RPM, Inc. This ownership interest encourages employees to think and act like shareholders, driving them to make decisions that positively impact the company's growth and profitability. By adopting this restricted stock plan, RPM, Inc. aims to maintain a competitive advantage in the market, enhance employee loyalty, and align the interests of its employees with those of the company. This enhances overall employee motivation, productivity, and ultimately, shareholder value. In summary, the Mecklenburg North Carolina Adoption of Restricted Stock Plan of RPM, Inc. is a robust program that offers various types of restricted stock grants to eligible employees. By providing an ownership stake in the company, this plan incentivizes employees to contribute to RPM, Inc.'s success and aligns their interests with those of the company and its shareholders.