Alameda California Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Alameda
• 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 Alameda California Restricted Stock Plan of RPM, Inc. is a comprehensive employee incentive program offered by RPM, Inc., a leading company headquartered in Alameda, California. This plan is designed to reward and retain talented employees by offering them restricted stock units (RSS) as a form of compensation. Under the Alameda California Restricted Stock Plan, eligible employees are granted a specific number of RSS, which represent ownership in RPM, Inc. This RSS is subject to various restrictions, such as a vesting period and certain performance milestones. One type of Alameda California Restricted Stock Plan offered by RPM, Inc. is the Performance-Based RSU Plan. This plan is particularly aimed at incentivizing employees to achieve predetermined company performance goals. Once these goals are met, the RSS awarded under this plan become fully vested and transferable to the employee's ownership. Another type of plan is the Time-Based RSU Plan. This plan provides employees with a predetermined number of RSS, which vest over a specific period of time, typically in equal installments. Once fully vested, employees gain complete ownership of the RSS, enabling them to sell, transfer, or hold them as they desire. The Alameda California Restricted Stock Plan of RPM, Inc. aims to align employee interests with company objectives, fostering a sense of ownership and commitment. By linking compensation to stock ownership, employees are motivated to contribute to the company's growth and success. Employees who participate in the Alameda California Restricted Stock Plan may have the opportunity to enjoy various benefits, such as dividend payments, voting rights, and potential appreciation in stock value. However, it's crucial to note that the specific terms and conditions of the plan, including vesting schedules, liquidity events, and tax implications, may vary depending on individual circumstances and the company's policies. Overall, the Alameda California Restricted Stock Plan of RPM, Inc. provides a valuable opportunity for eligible employees to become shareholders in the company and benefit from its long-term success. This program showcases RPM, Inc.'s commitment to attracting, retaining, and incentivizing top talent in the competitive market.

The Alameda California Restricted Stock Plan of RPM, Inc. is a comprehensive employee incentive program offered by RPM, Inc., a leading company headquartered in Alameda, California. This plan is designed to reward and retain talented employees by offering them restricted stock units (RSS) as a form of compensation. Under the Alameda California Restricted Stock Plan, eligible employees are granted a specific number of RSS, which represent ownership in RPM, Inc. This RSS is subject to various restrictions, such as a vesting period and certain performance milestones. One type of Alameda California Restricted Stock Plan offered by RPM, Inc. is the Performance-Based RSU Plan. This plan is particularly aimed at incentivizing employees to achieve predetermined company performance goals. Once these goals are met, the RSS awarded under this plan become fully vested and transferable to the employee's ownership. Another type of plan is the Time-Based RSU Plan. This plan provides employees with a predetermined number of RSS, which vest over a specific period of time, typically in equal installments. Once fully vested, employees gain complete ownership of the RSS, enabling them to sell, transfer, or hold them as they desire. The Alameda California Restricted Stock Plan of RPM, Inc. aims to align employee interests with company objectives, fostering a sense of ownership and commitment. By linking compensation to stock ownership, employees are motivated to contribute to the company's growth and success. Employees who participate in the Alameda California Restricted Stock Plan may have the opportunity to enjoy various benefits, such as dividend payments, voting rights, and potential appreciation in stock value. However, it's crucial to note that the specific terms and conditions of the plan, including vesting schedules, liquidity events, and tax implications, may vary depending on individual circumstances and the company's policies. Overall, the Alameda California Restricted Stock Plan of RPM, Inc. provides a valuable opportunity for eligible employees to become shareholders in the company and benefit from its long-term success. This program showcases RPM, Inc.'s commitment to attracting, retaining, and incentivizing top talent in the competitive market.