Dallas Texas Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Dallas
• 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 Dallas Texas Restricted Stock Plan of RPM, Inc. is a comprehensive employee compensation and benefit program designed to incentivize and retain talented individuals within the company. This stock plan provides eligible employees the opportunity to acquire shares of the company's stock at a predetermined price. Restricted stock refers to company shares that are subject to certain limitations and conditions before they can be fully owned or sold by employees. One type of the Dallas Texas Restricted Stock Plan is the Performance-Based Restricted Stock Plan. Under this plan, employees receive stock units based on the achievement of specific performance goals or targets, such as revenue growth, market share, or individual performance metrics. These stock units may vest gradually over a defined period, contingent upon the employee's continued employment and the attainment of predetermined objectives. Once the vesting period is complete, employees can fully own the granted stock units. Another type of the Dallas Texas Restricted Stock Plan is the Time-Based Restricted Stock Plan. This plan awards employees with stock units based on their length of service with RPM, Inc. Employees receive a specific number of stock units every year, which typically vest over a period of three to five years. In this case, employees are incentivized to remain with the company for the long term to fully benefit from the granted stock units. The Dallas Texas Restricted Stock Plan is designed to align the interests of employees with those of the company's shareholders, encouraging employees to contribute to the long-term success and financial growth of RPM, Inc. By offering employees the potential to become partial owners of the company, this plan serves as a powerful tool for attracting and retaining top talent, while also fostering a sense of empowerment and loyalty among employees. Keywords: Dallas Texas, Restricted Stock Plan, RPM Inc., employee compensation, benefit program, incentivize, retain, talented individuals, stock plan, shares, predetermined price, restricted stock, limitations, conditions, Performance-Based Restricted Stock Plan, performance goals, revenue growth, market share, individual performance metrics, vesting period, Time-Based Restricted Stock Plan, length of service, incentivized, long-term success, financial growth, owners, attracting talent, retaining talent, empowerment, loyalty, employees.

The Dallas Texas Restricted Stock Plan of RPM, Inc. is a comprehensive employee compensation and benefit program designed to incentivize and retain talented individuals within the company. This stock plan provides eligible employees the opportunity to acquire shares of the company's stock at a predetermined price. Restricted stock refers to company shares that are subject to certain limitations and conditions before they can be fully owned or sold by employees. One type of the Dallas Texas Restricted Stock Plan is the Performance-Based Restricted Stock Plan. Under this plan, employees receive stock units based on the achievement of specific performance goals or targets, such as revenue growth, market share, or individual performance metrics. These stock units may vest gradually over a defined period, contingent upon the employee's continued employment and the attainment of predetermined objectives. Once the vesting period is complete, employees can fully own the granted stock units. Another type of the Dallas Texas Restricted Stock Plan is the Time-Based Restricted Stock Plan. This plan awards employees with stock units based on their length of service with RPM, Inc. Employees receive a specific number of stock units every year, which typically vest over a period of three to five years. In this case, employees are incentivized to remain with the company for the long term to fully benefit from the granted stock units. The Dallas Texas Restricted Stock Plan is designed to align the interests of employees with those of the company's shareholders, encouraging employees to contribute to the long-term success and financial growth of RPM, Inc. By offering employees the potential to become partial owners of the company, this plan serves as a powerful tool for attracting and retaining top talent, while also fostering a sense of empowerment and loyalty among employees. Keywords: Dallas Texas, Restricted Stock Plan, RPM Inc., employee compensation, benefit program, incentivize, retain, talented individuals, stock plan, shares, predetermined price, restricted stock, limitations, conditions, Performance-Based Restricted Stock Plan, performance goals, revenue growth, market share, individual performance metrics, vesting period, Time-Based Restricted Stock Plan, length of service, incentivized, long-term success, financial growth, owners, attracting talent, retaining talent, empowerment, loyalty, employees.