Allegheny Pennsylvania Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Allegheny
• 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 Allegheny Pennsylvania Restricted Stock Plan of RPM, Inc. is a comprehensive employee stock benefit program offered by RPM, Inc. It provides eligible employees with an opportunity to acquire and own company stock, subject to certain restrictions and conditions. This plan is designed to incentivize and reward employees for their contributions to the company's success. The Allegheny Pennsylvania Restricted Stock Plan is divided into different types based on the vesting schedule and conditions associated with each category. The main types of stock grants offered under this plan include: 1. Time-Based Restricted Stock: This type of grant becomes fully vested over a specified period of time. For instance, an employee might be granted a certain number of shares that vest equally over three years. Until the shares fully vest, the employee may not sell or transfer them. 2. Performance-Based Restricted Stock: With this type of grant, the vesting of shares depends on achieving predetermined performance goals or targets, which are typically linked to RPM, Inc.'s financial or operational objectives. Once the performance goals are met, the shares are considered fully vested, subject to any additional holding periods. 3. Restricted Stock Units (RSS): RSS are similar to restricted stock grants, but they represent a promise to deliver shares of RPM, Inc.'s stock at a specified future date. RSS can be subject to either time-based or performance-based vesting criteria, as specified in the plan. Eligible employees participating in the Allegheny Pennsylvania Restricted Stock Plan receive a grant of stock units determined by their seniority, position, and performance. The number of stock units granted is often based on a formula that considers factors such as the employee's salary, job grade, and length of service. While participating in the plan, employees are encouraged to study the stock market trends to make informed decisions about when to potentially sell or hold their vested shares. It is important to note that the plan may have specific rules regarding the sale or transfer of shares, such as limitations on trading during blackout periods or restrictions on selling to certain parties. Overall, the Allegheny Pennsylvania Restricted Stock Plan of RPM, Inc. plays a vital role in attracting, retaining, and motivating employees by providing them with an opportunity to share in the company's success and potentially benefit from its growth.

Allegheny Pennsylvania Restricted Stock Plan of RPM, Inc. is a comprehensive employee stock benefit program offered by RPM, Inc. It provides eligible employees with an opportunity to acquire and own company stock, subject to certain restrictions and conditions. This plan is designed to incentivize and reward employees for their contributions to the company's success. The Allegheny Pennsylvania Restricted Stock Plan is divided into different types based on the vesting schedule and conditions associated with each category. The main types of stock grants offered under this plan include: 1. Time-Based Restricted Stock: This type of grant becomes fully vested over a specified period of time. For instance, an employee might be granted a certain number of shares that vest equally over three years. Until the shares fully vest, the employee may not sell or transfer them. 2. Performance-Based Restricted Stock: With this type of grant, the vesting of shares depends on achieving predetermined performance goals or targets, which are typically linked to RPM, Inc.'s financial or operational objectives. Once the performance goals are met, the shares are considered fully vested, subject to any additional holding periods. 3. Restricted Stock Units (RSS): RSS are similar to restricted stock grants, but they represent a promise to deliver shares of RPM, Inc.'s stock at a specified future date. RSS can be subject to either time-based or performance-based vesting criteria, as specified in the plan. Eligible employees participating in the Allegheny Pennsylvania Restricted Stock Plan receive a grant of stock units determined by their seniority, position, and performance. The number of stock units granted is often based on a formula that considers factors such as the employee's salary, job grade, and length of service. While participating in the plan, employees are encouraged to study the stock market trends to make informed decisions about when to potentially sell or hold their vested shares. It is important to note that the plan may have specific rules regarding the sale or transfer of shares, such as limitations on trading during blackout periods or restrictions on selling to certain parties. Overall, the Allegheny Pennsylvania Restricted Stock Plan of RPM, Inc. plays a vital role in attracting, retaining, and motivating employees by providing them with an opportunity to share in the company's success and potentially benefit from its growth.