Bexar Texas Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Bexar
• 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 Bexar Texas Restricted Stock Plan is an integral component of RPM, Inc.'s employee compensation structure, designed to provide eligible employees with an opportunity to acquire company stock while ensuring its restricted nature. This plan allows employees from the Bexar Texas region to partake in RPM, Inc.'s growth and success, fostering a sense of ownership among participants. Under the Bexar Texas Restricted Stock Plan, employees are granted restricted stock units (RSS) that entitle them to receive a specified number of RPM, Inc. common shares after a predetermined vesting period. The RSS serve as an incentive for employees to contribute to the company's long-term goals and align their interests with shareholders. The plan offers two main variations: the Performance-Based RSU and the Time-Based RSU. The Performance-Based RSU is granted based on the attainment of specific performance goals set by RPM, Inc., such as revenue targets, market share expansion, or improved operational efficiency. Upon achieving these goals, employees become eligible to receive the granted RSS. On the other hand, the Time-Based RSU grants shares based on the passage of time, typically over a multi-year vesting period. The RSS may vest in equal increments annually or according to a predetermined schedule, promoting employee retention and long-term commitment to the company. Participants in the Bexar Texas Restricted Stock Plan reap several benefits. Firstly, they gain a stake in RPM, Inc.'s success and growth, incentivizing them to contribute to the organization's prosperity. Additionally, as restricted stock, employees must wait until the vesting period is completed to receive the shares, which encourages them to remain with RPM, Inc. in the long term, fostering employee loyalty. Furthermore, the plan offers potential tax advantages for participants. By converting their RSS into company shares, employees can potentially benefit from capital gains treatment when selling the shares in the future, subject to applicable tax laws. To ensure the fair distribution of stock, the Bexar Texas Restricted Stock Plan may incorporate provisions for stock repurchases in cases of termination, retirement, or other qualifying events. This enforces the stability and integrity of the plan while protecting the best interests of RPM, Inc. and its shareholders. In conclusion, the Bexar Texas Restricted Stock Plan of RPM, Inc. is a comprehensive compensation strategy that grants eligible employees the opportunity to acquire restricted stock units, promoting a sense of ownership, loyalty, and alignment of interests. Through its Performance-Based RSS and Time-Based RSS, the plan incentivizes employees to contribute to the company's success, potentially providing tax advantages and considering various scenarios for stock repurchases.

The Bexar Texas Restricted Stock Plan is an integral component of RPM, Inc.'s employee compensation structure, designed to provide eligible employees with an opportunity to acquire company stock while ensuring its restricted nature. This plan allows employees from the Bexar Texas region to partake in RPM, Inc.'s growth and success, fostering a sense of ownership among participants. Under the Bexar Texas Restricted Stock Plan, employees are granted restricted stock units (RSS) that entitle them to receive a specified number of RPM, Inc. common shares after a predetermined vesting period. The RSS serve as an incentive for employees to contribute to the company's long-term goals and align their interests with shareholders. The plan offers two main variations: the Performance-Based RSU and the Time-Based RSU. The Performance-Based RSU is granted based on the attainment of specific performance goals set by RPM, Inc., such as revenue targets, market share expansion, or improved operational efficiency. Upon achieving these goals, employees become eligible to receive the granted RSS. On the other hand, the Time-Based RSU grants shares based on the passage of time, typically over a multi-year vesting period. The RSS may vest in equal increments annually or according to a predetermined schedule, promoting employee retention and long-term commitment to the company. Participants in the Bexar Texas Restricted Stock Plan reap several benefits. Firstly, they gain a stake in RPM, Inc.'s success and growth, incentivizing them to contribute to the organization's prosperity. Additionally, as restricted stock, employees must wait until the vesting period is completed to receive the shares, which encourages them to remain with RPM, Inc. in the long term, fostering employee loyalty. Furthermore, the plan offers potential tax advantages for participants. By converting their RSS into company shares, employees can potentially benefit from capital gains treatment when selling the shares in the future, subject to applicable tax laws. To ensure the fair distribution of stock, the Bexar Texas Restricted Stock Plan may incorporate provisions for stock repurchases in cases of termination, retirement, or other qualifying events. This enforces the stability and integrity of the plan while protecting the best interests of RPM, Inc. and its shareholders. In conclusion, the Bexar Texas Restricted Stock Plan of RPM, Inc. is a comprehensive compensation strategy that grants eligible employees the opportunity to acquire restricted stock units, promoting a sense of ownership, loyalty, and alignment of interests. Through its Performance-Based RSS and Time-Based RSS, the plan incentivizes employees to contribute to the company's success, potentially providing tax advantages and considering various scenarios for stock repurchases.