Oakland Michigan Adoption of Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Oakland
• 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. Oakland Michigan Adoption of Restricted Stock Plan of RPM, Inc. is a comprehensive program designed to attract and retain talented employees by providing them with ownership in the form of restricted stock units (RSS). Under this plan, eligible employees are granted RSS, which represent a certain number of shares of stock in RPM, Inc., subject to certain restrictions and conditions. The Oakland Michigan Adoption of Restricted Stock Plan offers various types of RSS to meet the specific needs of RPM, Inc. and its employees. These include: 1. Time-based RSS: Time-based RSS vest over a specific period, typically subject to an employee's continuous service with RPM, Inc. For example, an employee may receive 1,000 RSS that vest over a four-year period, with 25% vesting after the first year and the remaining 75% vesting monthly over the next three years. 2. Performance-based RSS: Performance-based RSS vest based on the achievement of pre-established performance targets or goals. These targets can be financial, operational, or individual performance metrics. If the targets are met, the RSS will vest accordingly. For example, an employee may receive 1,000 RSS that vest based on the company's revenue growth targets being met over a three-year period. 3. Market-based RSS: Market-based RSS vest based on the performance of RPM, Inc.'s stock price relative to a predetermined market index or peer group. If the company's stock price outperforms the market index or peers, the RSS will vest accordingly. This type of RSU aligns the employee's interest with the company's overall stock performance. The Oakland Michigan Adoption of Restricted Stock Plan also outlines the terms and conditions of the RSS, including the vesting schedule, the treatment of RSS upon various events (such as a change in control, retirement, or death), and the method of payment upon vesting. By implementing the Oakland Michigan Adoption of Restricted Stock Plan, RPM, Inc. aims to incentivize and reward its employees for their contributions to the company's success. This RSS provides employees with an opportunity to benefit from the company's growth and align their interests with the long-term success of the business.

Oakland Michigan Adoption of Restricted Stock Plan of RPM, Inc. is a comprehensive program designed to attract and retain talented employees by providing them with ownership in the form of restricted stock units (RSS). Under this plan, eligible employees are granted RSS, which represent a certain number of shares of stock in RPM, Inc., subject to certain restrictions and conditions. The Oakland Michigan Adoption of Restricted Stock Plan offers various types of RSS to meet the specific needs of RPM, Inc. and its employees. These include: 1. Time-based RSS: Time-based RSS vest over a specific period, typically subject to an employee's continuous service with RPM, Inc. For example, an employee may receive 1,000 RSS that vest over a four-year period, with 25% vesting after the first year and the remaining 75% vesting monthly over the next three years. 2. Performance-based RSS: Performance-based RSS vest based on the achievement of pre-established performance targets or goals. These targets can be financial, operational, or individual performance metrics. If the targets are met, the RSS will vest accordingly. For example, an employee may receive 1,000 RSS that vest based on the company's revenue growth targets being met over a three-year period. 3. Market-based RSS: Market-based RSS vest based on the performance of RPM, Inc.'s stock price relative to a predetermined market index or peer group. If the company's stock price outperforms the market index or peers, the RSS will vest accordingly. This type of RSU aligns the employee's interest with the company's overall stock performance. The Oakland Michigan Adoption of Restricted Stock Plan also outlines the terms and conditions of the RSS, including the vesting schedule, the treatment of RSS upon various events (such as a change in control, retirement, or death), and the method of payment upon vesting. By implementing the Oakland Michigan Adoption of Restricted Stock Plan, RPM, Inc. aims to incentivize and reward its employees for their contributions to the company's success. This RSS provides employees with an opportunity to benefit from the company's growth and align their interests with the long-term success of the business.