Houston Texas Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: Houston
• 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 Houston Texas Restricted Stock Plan of RPM, Inc. is a comprehensive employee incentive program designed to reward and retain talented individuals within the company. This plan offers employees the opportunity to acquire corporate stock, subject to specific restrictions and guidelines. Under the Houston Texas Restricted Stock Plan, eligible employees are granted restricted stock units (RSS) as a form of compensation. This RSS represents a right to receive a certain number of shares of RPM, Inc.'s common stock at a predetermined future date. The plan aims to align the interests of employees with the company's long-term growth and performance. One variant of the Houston Texas Restricted Stock Plan is the Performance-Based Restricted Stock Plan. This type of plan rewards employees based on their achievement of specific performance targets or goals, incentivizing them to contribute to the company's success. By linking the stock grant to performance objectives, this plan encourages employees to strive for excellence, driving productivity and results. Another type of Houston Texas Restricted Stock Plan is the Time-Based Vesting Plan. In this plan, employees receive a specified number of RSS that becomes fully transferable over a set period, typically several years. This type of plan motivates employees to remain with the company for an extended period, fostering loyalty and dedication. Furthermore, the Houston Texas Restricted Stock Plan may also feature a Coinvesting structure. Coinvesting is a distinct type of vesting schedule where RSS become fully vested and transferable all at once after a predetermined time period. This type of vesting structure allows employees to realize the full value of their stock grants sooner, enhancing motivation and financial rewards. Overall, the Houston Texas Restricted Stock Plan of RPM, Inc. serves as a valuable tool to attract and retain top talent, fostering a culture of performance, loyalty, and long-term commitment. This employee incentive program incentivizes employees to contribute their best efforts to help drive the company's growth and success, while also providing them the potential for financial gain through stock ownership.

The Houston Texas Restricted Stock Plan of RPM, Inc. is a comprehensive employee incentive program designed to reward and retain talented individuals within the company. This plan offers employees the opportunity to acquire corporate stock, subject to specific restrictions and guidelines. Under the Houston Texas Restricted Stock Plan, eligible employees are granted restricted stock units (RSS) as a form of compensation. This RSS represents a right to receive a certain number of shares of RPM, Inc.'s common stock at a predetermined future date. The plan aims to align the interests of employees with the company's long-term growth and performance. One variant of the Houston Texas Restricted Stock Plan is the Performance-Based Restricted Stock Plan. This type of plan rewards employees based on their achievement of specific performance targets or goals, incentivizing them to contribute to the company's success. By linking the stock grant to performance objectives, this plan encourages employees to strive for excellence, driving productivity and results. Another type of Houston Texas Restricted Stock Plan is the Time-Based Vesting Plan. In this plan, employees receive a specified number of RSS that becomes fully transferable over a set period, typically several years. This type of plan motivates employees to remain with the company for an extended period, fostering loyalty and dedication. Furthermore, the Houston Texas Restricted Stock Plan may also feature a Coinvesting structure. Coinvesting is a distinct type of vesting schedule where RSS become fully vested and transferable all at once after a predetermined time period. This type of vesting structure allows employees to realize the full value of their stock grants sooner, enhancing motivation and financial rewards. Overall, the Houston Texas Restricted Stock Plan of RPM, Inc. serves as a valuable tool to attract and retain top talent, fostering a culture of performance, loyalty, and long-term commitment. This employee incentive program incentivizes employees to contribute their best efforts to help drive the company's growth and success, while also providing them the potential for financial gain through stock ownership.