Contra Costa California Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Contra Costa
• 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 Contra Costa California Restricted Stock Plan of RPM, Inc. is a program specifically designed to offer designated employees of RPM, Inc., a global leader in specialty coatings and sealants, the opportunity to acquire company stock under certain restricted conditions. This plan serves as a valuable employee benefit aimed at incentivizing and retaining top talent within the organization. Under the Contra Costa California Restricted Stock Plan, eligible employees are granted restricted stock units (RSS) based on predetermined criteria such as job performance, seniority, or other factors determined by RPM, Inc. This RSS represents a promise to deliver a specific number of common shares of RPM, Inc. stock at a future date, typically after a specified vesting period. The plan is structured to encourage long-term commitment and loyalty among employees, as the RSS generally come with a vesting schedule that spans a set number of years. This means that employees must remain with the company for an extended period before they can fully realize the value of their granted RSS. Participants of the Contra Costa California Restricted Stock Plan may also be subject to certain restrictions on selling or transferring the granted RSS until they meet the plan's vesting requirements. By imposing these restrictions, the plan aims to align the interests of employees with long-term corporate growth and profitability. Additionally, the Contra Costa California Restricted Stock Plan of RPM, Inc. may have variations or sub-plans tailored to specific employment groups or levels within the company. For example, there might be a plan specifically designed for senior executives, which may have different vesting schedules, eligibility criteria, or RSU allocation methods compared to plans available to lower-level employees. Overall, the Contra Costa California Restricted Stock Plan is an essential part of RPM, Inc.'s comprehensive compensation and retention strategy. By providing eligible employees with the opportunity to acquire company stock, it aligns their interests with the long-term success of RPM, Inc. while incentivizing them to contribute to the company's growth and shareholder value. This employee benefit showcases RPM, Inc.'s commitment to attracting and retaining top talent in Contra Costa California through innovative and competitive compensation packages.

The Contra Costa California Restricted Stock Plan of RPM, Inc. is a program specifically designed to offer designated employees of RPM, Inc., a global leader in specialty coatings and sealants, the opportunity to acquire company stock under certain restricted conditions. This plan serves as a valuable employee benefit aimed at incentivizing and retaining top talent within the organization. Under the Contra Costa California Restricted Stock Plan, eligible employees are granted restricted stock units (RSS) based on predetermined criteria such as job performance, seniority, or other factors determined by RPM, Inc. This RSS represents a promise to deliver a specific number of common shares of RPM, Inc. stock at a future date, typically after a specified vesting period. The plan is structured to encourage long-term commitment and loyalty among employees, as the RSS generally come with a vesting schedule that spans a set number of years. This means that employees must remain with the company for an extended period before they can fully realize the value of their granted RSS. Participants of the Contra Costa California Restricted Stock Plan may also be subject to certain restrictions on selling or transferring the granted RSS until they meet the plan's vesting requirements. By imposing these restrictions, the plan aims to align the interests of employees with long-term corporate growth and profitability. Additionally, the Contra Costa California Restricted Stock Plan of RPM, Inc. may have variations or sub-plans tailored to specific employment groups or levels within the company. For example, there might be a plan specifically designed for senior executives, which may have different vesting schedules, eligibility criteria, or RSU allocation methods compared to plans available to lower-level employees. Overall, the Contra Costa California Restricted Stock Plan is an essential part of RPM, Inc.'s comprehensive compensation and retention strategy. By providing eligible employees with the opportunity to acquire company stock, it aligns their interests with the long-term success of RPM, Inc. while incentivizing them to contribute to the company's growth and shareholder value. This employee benefit showcases RPM, Inc.'s commitment to attracting and retaining top talent in Contra Costa California through innovative and competitive compensation packages.