Bronx New York Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Bronx
• 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 Bronx, New York, is a borough in New York City known for its vibrant culture, diverse population, and rich history. As one of the five boroughs, it is situated in the northernmost part of the city, offering a unique blend of urban landscapes and natural beauty. Now, let's delve into the restricted stock plan offered by RPM, Inc., a company in Bronx, New York. A restricted stock plan is a compensation program provided by employers to their employees, granting them restricted stock units (RSS) as part of their overall remuneration package. This RSS is company stocks that are subject to certain restrictions which may include a vesting period or certain performance targets that must be met to unlock the full value of the shares. RPM, Inc., offers different types of restricted stock plans, each tailored to the needs and goals of different employee groups. The first type is the Standard Restricted Stock Plan, designed for regular, non-executive employees of the company. These employees receive RSS based on their position, performance, and tenure with the company. The RSS granted under this plan may vest over a period of time, typically three to five years, incentivizing employees to stay with the company and contribute to its long-term success. The second type of restricted stock plan is the Executive Restricted Stock Plan. This plan is specifically tailored for RPM, Inc.'s top-level executives and key management personnel. The RSS granted under this plan may have accelerated vesting provisions or special performance targets tied to the company's financial performance or strategic goals. This incentivizes executives to drive the company's growth and profitability while aligning their interests with those of the shareholders. Furthermore, RPM, Inc., also offers a Performance-Based Restricted Stock Plan. This plan is designed to reward employees based on achieving specific performance goals, such as revenue targets, cost reductions, or market share gains. Employees receive RSS that vest upon successful attainment of these predetermined performance metrics. The Performance-Based Restricted Stock Plan serves as an effective tool to motivate and retain high-performing employees, driving the company towards its strategic objectives. In conclusion, the Bronx, New York, is a borough with a unique identity and rich history within New York City. Meanwhile, RPM, Inc., presents various types of restricted stock plans to incentivize and attract talented employees. The Standard Restricted Stock Plan caters to regular employees, the Executive Restricted Stock Plan is designed for top-level executives, and the Performance-Based Restricted Stock Plan rewards employees based on specific performance metrics. These plans offer employees the opportunity to own company stock while aligning their interests with the long-term success of RPM, Inc.

The Bronx, New York, is a borough in New York City known for its vibrant culture, diverse population, and rich history. As one of the five boroughs, it is situated in the northernmost part of the city, offering a unique blend of urban landscapes and natural beauty. Now, let's delve into the restricted stock plan offered by RPM, Inc., a company in Bronx, New York. A restricted stock plan is a compensation program provided by employers to their employees, granting them restricted stock units (RSS) as part of their overall remuneration package. This RSS is company stocks that are subject to certain restrictions which may include a vesting period or certain performance targets that must be met to unlock the full value of the shares. RPM, Inc., offers different types of restricted stock plans, each tailored to the needs and goals of different employee groups. The first type is the Standard Restricted Stock Plan, designed for regular, non-executive employees of the company. These employees receive RSS based on their position, performance, and tenure with the company. The RSS granted under this plan may vest over a period of time, typically three to five years, incentivizing employees to stay with the company and contribute to its long-term success. The second type of restricted stock plan is the Executive Restricted Stock Plan. This plan is specifically tailored for RPM, Inc.'s top-level executives and key management personnel. The RSS granted under this plan may have accelerated vesting provisions or special performance targets tied to the company's financial performance or strategic goals. This incentivizes executives to drive the company's growth and profitability while aligning their interests with those of the shareholders. Furthermore, RPM, Inc., also offers a Performance-Based Restricted Stock Plan. This plan is designed to reward employees based on achieving specific performance goals, such as revenue targets, cost reductions, or market share gains. Employees receive RSS that vest upon successful attainment of these predetermined performance metrics. The Performance-Based Restricted Stock Plan serves as an effective tool to motivate and retain high-performing employees, driving the company towards its strategic objectives. In conclusion, the Bronx, New York, is a borough with a unique identity and rich history within New York City. Meanwhile, RPM, Inc., presents various types of restricted stock plans to incentivize and attract talented employees. The Standard Restricted Stock Plan caters to regular employees, the Executive Restricted Stock Plan is designed for top-level executives, and the Performance-Based Restricted Stock Plan rewards employees based on specific performance metrics. These plans offer employees the opportunity to own company stock while aligning their interests with the long-term success of RPM, Inc.