Los Angeles California Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Los Angeles
• 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 Los Angeles California Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit plan that provides employees with restricted stock units (RSS) as a form of compensation. This plan is designed specifically for RPM, Inc., a prominent company based in Los Angeles, California. RSS is a type of equity-based compensation typically granted to employees as an incentive to drive company performance and retain top talent. As part of the Los Angeles California Restricted Stock Plan of RPM, Inc., employees are awarded RSS that fully vest after a specific period of time, subject to the fulfillment of predetermined vesting conditions. The RSS offered under the plan grant employees the right to acquire RPM, Inc. common stock at a discounted price or at no cost. However, due to their nature as restricted stock, employees are subject to certain restrictions and limitations on the sale or transfer of the stock until the vesting period lapses. The Los Angeles California Restricted Stock Plan of RPM, Inc. aims to align the interests of employees with the long-term success of the company. By granting employees RSS, RPM, Inc. ensures that they have a vested interest in supporting the company's growth, as the value of the RSS depends on the overall performance of RPM, Inc. There may be different types or variations of the Los Angeles California Restricted Stock Plan of RPM, Inc. depending on the employee's level, position, or tenure within the company. These variations could include performance-based RSS, which are granted based on achieving specific performance targets, or time-based RSS, which vest after a certain period of employment. Moreover, the plan may outline additional terms and conditions, such as dividend equivalents, which provide employees with the right to receive cash or additional RSS equivalent to the amount of dividends the underlying stock pays out during the vesting period. Overall, the Los Angeles California Restricted Stock Plan of RPM, Inc. serves as a valuable incentive program to attract and retain talented employees while aligning their goals with the company's success through the granting of restricted stock units.

Los Angeles California Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit plan that provides employees with restricted stock units (RSS) as a form of compensation. This plan is designed specifically for RPM, Inc., a prominent company based in Los Angeles, California. RSS is a type of equity-based compensation typically granted to employees as an incentive to drive company performance and retain top talent. As part of the Los Angeles California Restricted Stock Plan of RPM, Inc., employees are awarded RSS that fully vest after a specific period of time, subject to the fulfillment of predetermined vesting conditions. The RSS offered under the plan grant employees the right to acquire RPM, Inc. common stock at a discounted price or at no cost. However, due to their nature as restricted stock, employees are subject to certain restrictions and limitations on the sale or transfer of the stock until the vesting period lapses. The Los Angeles California Restricted Stock Plan of RPM, Inc. aims to align the interests of employees with the long-term success of the company. By granting employees RSS, RPM, Inc. ensures that they have a vested interest in supporting the company's growth, as the value of the RSS depends on the overall performance of RPM, Inc. There may be different types or variations of the Los Angeles California Restricted Stock Plan of RPM, Inc. depending on the employee's level, position, or tenure within the company. These variations could include performance-based RSS, which are granted based on achieving specific performance targets, or time-based RSS, which vest after a certain period of employment. Moreover, the plan may outline additional terms and conditions, such as dividend equivalents, which provide employees with the right to receive cash or additional RSS equivalent to the amount of dividends the underlying stock pays out during the vesting period. Overall, the Los Angeles California Restricted Stock Plan of RPM, Inc. serves as a valuable incentive program to attract and retain talented employees while aligning their goals with the company's success through the granting of restricted stock units.