Fulton Georgia Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Fulton
• 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 Fulton Georgia Restricted Stock Plan of RPM, Inc. is a comprehensive stock incentive plan designed to provide eligible employees with an opportunity to acquire and hold shares of restricted stock in the company. This plan is tailored specifically for employees based in Fulton, Georgia, and falls under the jurisdiction of Georgia's regulations on restricted stock plans. RPM, Inc. is a prominent corporation in Fulton, Georgia, operating in various industries, such as manufacturing, construction, and specialty chemicals. To attract and retain talented employees, RPM, Inc. offers different types of restricted stock plans within Fulton, Georgia. 1. Performance-Based Restricted Stock Plan: Under this type of plan, allocated restricted stock is subject to performance-based criteria. Eligible employees are granted shares of restricted stock contingent upon achieving specific performance targets, such as meeting revenue goals, increasing market share, or achieving a specified level of profitability. This plan encourages employees to actively contribute to the success and growth of RPM, Inc. 2. Time-Based Restricted Stock Plan: In contrast to the performance-based plan, the time-based restricted stock plan grants eligible employees a predetermined number of shares of restricted stock based on their tenure with RPM, Inc. These shares typically vest over a specific period, ensuring that employees remain committed to the company for an extended period of time. 3. Equity Incentive Plan: The equity incentive plan is an umbrella program encompassing both the performance-based and time-based restricted stock plans. This plan aims to align employee interests with those of RPM, Inc.'s shareholders, as it allows employees to acquire company stock with certain restrictions and benefits based on either performance or tenure. Fulton, Georgia, being the specific location for these restricted stock plans, holds relevance to employees working within the RPM, Inc. facilities in the region. The plans offer a unique opportunity for employees to participate in the growth and success of the company while incentivizing performance, loyalty, and dedication. The Fulton Georgia Restricted Stock Plan of RPM, Inc. plays a vital role in attracting, motivating, and retaining talented professionals.

The Fulton Georgia Restricted Stock Plan of RPM, Inc. is a comprehensive stock incentive plan designed to provide eligible employees with an opportunity to acquire and hold shares of restricted stock in the company. This plan is tailored specifically for employees based in Fulton, Georgia, and falls under the jurisdiction of Georgia's regulations on restricted stock plans. RPM, Inc. is a prominent corporation in Fulton, Georgia, operating in various industries, such as manufacturing, construction, and specialty chemicals. To attract and retain talented employees, RPM, Inc. offers different types of restricted stock plans within Fulton, Georgia. 1. Performance-Based Restricted Stock Plan: Under this type of plan, allocated restricted stock is subject to performance-based criteria. Eligible employees are granted shares of restricted stock contingent upon achieving specific performance targets, such as meeting revenue goals, increasing market share, or achieving a specified level of profitability. This plan encourages employees to actively contribute to the success and growth of RPM, Inc. 2. Time-Based Restricted Stock Plan: In contrast to the performance-based plan, the time-based restricted stock plan grants eligible employees a predetermined number of shares of restricted stock based on their tenure with RPM, Inc. These shares typically vest over a specific period, ensuring that employees remain committed to the company for an extended period of time. 3. Equity Incentive Plan: The equity incentive plan is an umbrella program encompassing both the performance-based and time-based restricted stock plans. This plan aims to align employee interests with those of RPM, Inc.'s shareholders, as it allows employees to acquire company stock with certain restrictions and benefits based on either performance or tenure. Fulton, Georgia, being the specific location for these restricted stock plans, holds relevance to employees working within the RPM, Inc. facilities in the region. The plans offer a unique opportunity for employees to participate in the growth and success of the company while incentivizing performance, loyalty, and dedication. The Fulton Georgia Restricted Stock Plan of RPM, Inc. plays a vital role in attracting, motivating, and retaining talented professionals.