Broward Florida Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Broward
• 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 Broward Florida Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program established by RPM, Inc. in Broward County, Florida. This plan is designed to provide eligible employees with an opportunity to acquire company shares, subject to certain restrictions and conditions. Under this plan, employees are granted restricted stock units (RSS) as a form of compensation. RSS represents a specific number of company shares that are subject to a vesting schedule, which means they cannot be fully owned or sold by the employee until a specified period of time has passed or certain performance criteria are met. One type of Broward Florida Restricted Stock Plan of RPM, Inc. is the Performance-Based RSU Plan. This plan ties the vesting of RSS to the achievement of pre-determined performance goals or targets set by the company. These goals may be related to financial performance, individual or team contributions, or other specific objectives. Another type of plan offered by RPM, Inc. is the Time-Based RSU Plan. Unlike the Performance-Based RSU Plan, this plan grants employees RSS that vest over a fixed period of time. For example, an employee may receive a certain number of RSS that vest over a three-year period, with a portion vesting each year. The Broward Florida Restricted Stock Plan of RPM, Inc. provides employees with an opportunity to benefit from the company's long-term success. As the RSS vest and become transferable, employees are able to realize the value of their shares by selling them on the stock market or holding them as a long-term investment. It is important to note that the Broward Florida Restricted Stock Plan of RPM, Inc. has certain eligibility requirements and restrictions. Only eligible employees, as defined by the plan, are able to participate and receive RSU grants. Additionally, there may be limitations on when and how RSS can be sold or transferred, as outlined in the plan documents. Overall, the Broward Florida Restricted Stock Plan of RPM, Inc. aims to align the interests of employees with the company's shareholders. By offering RSS as a form of compensation, RPM, Inc. encourages employees to contribute to the company's growth and success while providing a valuable long-term incentive.

The Broward Florida Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program established by RPM, Inc. in Broward County, Florida. This plan is designed to provide eligible employees with an opportunity to acquire company shares, subject to certain restrictions and conditions. Under this plan, employees are granted restricted stock units (RSS) as a form of compensation. RSS represents a specific number of company shares that are subject to a vesting schedule, which means they cannot be fully owned or sold by the employee until a specified period of time has passed or certain performance criteria are met. One type of Broward Florida Restricted Stock Plan of RPM, Inc. is the Performance-Based RSU Plan. This plan ties the vesting of RSS to the achievement of pre-determined performance goals or targets set by the company. These goals may be related to financial performance, individual or team contributions, or other specific objectives. Another type of plan offered by RPM, Inc. is the Time-Based RSU Plan. Unlike the Performance-Based RSU Plan, this plan grants employees RSS that vest over a fixed period of time. For example, an employee may receive a certain number of RSS that vest over a three-year period, with a portion vesting each year. The Broward Florida Restricted Stock Plan of RPM, Inc. provides employees with an opportunity to benefit from the company's long-term success. As the RSS vest and become transferable, employees are able to realize the value of their shares by selling them on the stock market or holding them as a long-term investment. It is important to note that the Broward Florida Restricted Stock Plan of RPM, Inc. has certain eligibility requirements and restrictions. Only eligible employees, as defined by the plan, are able to participate and receive RSU grants. Additionally, there may be limitations on when and how RSS can be sold or transferred, as outlined in the plan documents. Overall, the Broward Florida Restricted Stock Plan of RPM, Inc. aims to align the interests of employees with the company's shareholders. By offering RSS as a form of compensation, RPM, Inc. encourages employees to contribute to the company's growth and success while providing a valuable long-term incentive.