Collin Texas Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Collin
• 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 Collin Texas Restricted Stock Plan of RPM, Inc. is a comprehensive program offered by RPM, Inc. in Collin County, Texas, that provides eligible employees with the opportunity to acquire company stocks at a discounted price or as part of their compensation package. The plan aims to incentivize employees by offering ownership in the company and aligning their interests with the long-term success of RPM, Inc. Under the Collin Texas Restricted Stock Plan, eligible employees are granted restricted stock units (RSS) that vest over a specified period. RSS is a form of equity-based compensation where the employee receives shares of the company's stock, subject to certain restrictions. These restrictions typically include a vesting schedule, where the shares become fully owned by the employee after a predetermined period or upon achieving specific performance goals. By participating in the Collin Texas Restricted Stock Plan, employees benefit from the potential appreciation in RPM, Inc.'s stock value, thus creating a sense of ownership and a direct link between their efforts and the company's financial success. The RSS are meant to be long-term incentives, encouraging employees to remain with the company and contribute to its growth. There may be variations of the Collin Texas Restricted Stock Plan offered by RPM, Inc. to accommodate the diverse needs of its employees. For example, there might be different vesting schedules based on an employee's position within the company or tenure. Additionally, the plan may include provisions for stock option grants, performance-based vesting, or other forms of stock-based compensation, depending on the employee's role and contribution to the organization. Overall, the Collin Texas Restricted Stock Plan of RPM, Inc. serves as a valuable tool for attracting and retaining top talent within the company. It fosters a culture of ownership, commitment, and shared success by allowing eligible employees to become shareholders, sharing in the company's prosperity and growth.

Collin Texas Restricted Stock Plan of RPM, Inc. is a comprehensive program offered by RPM, Inc. in Collin County, Texas, that provides eligible employees with the opportunity to acquire company stocks at a discounted price or as part of their compensation package. The plan aims to incentivize employees by offering ownership in the company and aligning their interests with the long-term success of RPM, Inc. Under the Collin Texas Restricted Stock Plan, eligible employees are granted restricted stock units (RSS) that vest over a specified period. RSS is a form of equity-based compensation where the employee receives shares of the company's stock, subject to certain restrictions. These restrictions typically include a vesting schedule, where the shares become fully owned by the employee after a predetermined period or upon achieving specific performance goals. By participating in the Collin Texas Restricted Stock Plan, employees benefit from the potential appreciation in RPM, Inc.'s stock value, thus creating a sense of ownership and a direct link between their efforts and the company's financial success. The RSS are meant to be long-term incentives, encouraging employees to remain with the company and contribute to its growth. There may be variations of the Collin Texas Restricted Stock Plan offered by RPM, Inc. to accommodate the diverse needs of its employees. For example, there might be different vesting schedules based on an employee's position within the company or tenure. Additionally, the plan may include provisions for stock option grants, performance-based vesting, or other forms of stock-based compensation, depending on the employee's role and contribution to the organization. Overall, the Collin Texas Restricted Stock Plan of RPM, Inc. serves as a valuable tool for attracting and retaining top talent within the company. It fosters a culture of ownership, commitment, and shared success by allowing eligible employees to become shareholders, sharing in the company's prosperity and growth.