Clark Nevada Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Clark
• 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 Clark Nevada Restricted Stock Plan is a comprehensive and performance-based incentive program offered by RPM, Inc. to its employees, key executives, and directors. This stock plan is designed to provide these individuals with an opportunity to acquire ownership in the company and align their interests with that of RPM's shareholders. Under the Clark Nevada Restricted Stock Plan, eligible participants are granted restricted stock units (RSS) as a form of compensation. This RSS represents the right to receive shares of RPM's common stock at a future date, subject to certain vesting and performance conditions. One type of Clark Nevada Restricted Stock Plan available is the Employee Stock Ownership Plan (ESOP). This plan allows employees of RPM to acquire shares of the company's stock, providing them with a sense of ownership and motivation to contribute to the company's success. Another type of plan is the Executive Stock Option Plan, which is specifically designed for key executives of RPM. This plan grants stock options, which give executives the right to purchase a specified number of shares of RPM's common stock at a predetermined price (the exercise price) within a specified time frame. The Clark Nevada Restricted Stock Plan aims to reward participants based on the company's performance and create a long-term incentive for them to contribute to RPM's growth and profitability. The specific terms and conditions of each plan are determined by RPM's board of directors and are disclosed in the plan documents provided to eligible participants. Keywords: Clark Nevada Restricted Stock Plan, RPM, Inc., incentive program, performance-based, restricted stock units (RSS), compensation, ownership, shareholders, Employee Stock Ownership Plan (ESOP), stock options, key executives, vesting, performance conditions, executive stock option plan, long-term incentive, growth, profitability, board of directors.

Clark Nevada Restricted Stock Plan is a comprehensive and performance-based incentive program offered by RPM, Inc. to its employees, key executives, and directors. This stock plan is designed to provide these individuals with an opportunity to acquire ownership in the company and align their interests with that of RPM's shareholders. Under the Clark Nevada Restricted Stock Plan, eligible participants are granted restricted stock units (RSS) as a form of compensation. This RSS represents the right to receive shares of RPM's common stock at a future date, subject to certain vesting and performance conditions. One type of Clark Nevada Restricted Stock Plan available is the Employee Stock Ownership Plan (ESOP). This plan allows employees of RPM to acquire shares of the company's stock, providing them with a sense of ownership and motivation to contribute to the company's success. Another type of plan is the Executive Stock Option Plan, which is specifically designed for key executives of RPM. This plan grants stock options, which give executives the right to purchase a specified number of shares of RPM's common stock at a predetermined price (the exercise price) within a specified time frame. The Clark Nevada Restricted Stock Plan aims to reward participants based on the company's performance and create a long-term incentive for them to contribute to RPM's growth and profitability. The specific terms and conditions of each plan are determined by RPM's board of directors and are disclosed in the plan documents provided to eligible participants. Keywords: Clark Nevada Restricted Stock Plan, RPM, Inc., incentive program, performance-based, restricted stock units (RSS), compensation, ownership, shareholders, Employee Stock Ownership Plan (ESOP), stock options, key executives, vesting, performance conditions, executive stock option plan, long-term incentive, growth, profitability, board of directors.