Kings New York Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Kings
• 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 Kings New York Restricted Stock Plan of RPM, Inc. is a comprehensive program offered by RPM, Inc. to its employees in New York. This plan is designed to provide eligible employees with restricted stock grants as a form of compensation and long-term incentives. The Kings New York Restricted Stock Plan is structured in a way that encourages employee retention and loyalty while aligning their interests with the company's growth and success. Eligible employees are granted a specific number of restricted stock units (RSS) that vest over a predetermined period of time. The vesting schedule varies based on the employee's tenure and position within the company. This RSS is referred to as "restricted" because they cannot be sold or transferred until certain conditions are met, commonly the achievement of specific performance goals or the completion of a certain number of years of service with the company. Once the restrictions are lifted, employees become the true owners of the stocks and can sell or transfer them at their discretion. The Kings New York Restricted Stock Plan of RPM, Inc., offers various types of stocks based on the employee's status and level within the organization. These may include executive restricted stocks, director restricted stocks, and employee restricted stocks. The allocation of these stock grants is determined by the company's compensation committee, taking into account factors such as an employee's job responsibilities, performance, and contribution to the company's overall objectives. Participation in this plan provides employees with a sense of ownership and motivation to contribute to the long-term success of RPM, Inc. Moreover, it aligns the interests of the employees with those of the company's shareholders, fostering a culture of accountability and dedication. In conclusion, the Kings New York Restricted Stock Plan of RPM, Inc. is a well-structured program that grants eligible employees restricted stock units, which vest over time and are subject to certain conditions. By offering different types of stocks based on an employee's position, this plan aims to reward and incentivize employee retention, loyalty, and commitment to the company's growth.

The Kings New York Restricted Stock Plan of RPM, Inc. is a comprehensive program offered by RPM, Inc. to its employees in New York. This plan is designed to provide eligible employees with restricted stock grants as a form of compensation and long-term incentives. The Kings New York Restricted Stock Plan is structured in a way that encourages employee retention and loyalty while aligning their interests with the company's growth and success. Eligible employees are granted a specific number of restricted stock units (RSS) that vest over a predetermined period of time. The vesting schedule varies based on the employee's tenure and position within the company. This RSS is referred to as "restricted" because they cannot be sold or transferred until certain conditions are met, commonly the achievement of specific performance goals or the completion of a certain number of years of service with the company. Once the restrictions are lifted, employees become the true owners of the stocks and can sell or transfer them at their discretion. The Kings New York Restricted Stock Plan of RPM, Inc., offers various types of stocks based on the employee's status and level within the organization. These may include executive restricted stocks, director restricted stocks, and employee restricted stocks. The allocation of these stock grants is determined by the company's compensation committee, taking into account factors such as an employee's job responsibilities, performance, and contribution to the company's overall objectives. Participation in this plan provides employees with a sense of ownership and motivation to contribute to the long-term success of RPM, Inc. Moreover, it aligns the interests of the employees with those of the company's shareholders, fostering a culture of accountability and dedication. In conclusion, the Kings New York Restricted Stock Plan of RPM, Inc. is a well-structured program that grants eligible employees restricted stock units, which vest over time and are subject to certain conditions. By offering different types of stocks based on an employee's position, this plan aims to reward and incentivize employee retention, loyalty, and commitment to the company's growth.