Maricopa Arizona Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Maricopa
• 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 Maricopa Arizona Restricted Stock Plan of RPM, Inc. is a comprehensive compensation program designed for employees of RPM, Inc. who are based in Maricopa, Arizona. This plan offers restricted stock grants to eligible employees as a way to attract, motivate, and retain talented individuals within the organization. With a focus on long-term commitment and performance, the Maricopa Arizona Restricted Stock Plan of RPM, Inc. aims to align the interests of RPM, Inc. employees with the success of the company. As a part of the plan, eligible employees are granted shares of RPM, Inc. stock that are subject to certain restrictions placed by the company. These restrictions typically involve a vesting schedule, where the shares become fully owned by the employee over a predetermined period of time. In some cases, these shares may also be subject to certain performance-based conditions, which need to be met for the restrictions to be lifted. The Maricopa Arizona Restricted Stock Plan of RPM, Inc. offers various types of restricted stock grants to employees. These include: 1. Performance-based restricted stock: Under this type of grant, the shares are subject to vesting based on the achievement of specific performance targets set by the company. These targets may be financial, operational, or individual performance goals, and their attainment is evaluated periodically. 2. Time-based restricted stock: This type of grant involves shares that vest over a fixed period of time. Typically, a portion of the shares becomes unrestricted on an annual basis, encouraging employees to remain with the company for the long term. 3. Restricted stock units: Instead of granting specific shares, restricted stock units (RSS) offer employees the right to receive a certain number of shares once the vesting conditions are met. RSS is a popular alternative to traditional stock grants and are often used to conserve shares. The Maricopa Arizona Restricted Stock Plan of RPM, Inc. serves as a valuable tool in motivating employees to contribute to the success and growth of RPM, Inc., as they are directly rewarded with ownership in the company. This plan not only helps align the interests of employees and shareholders but also ensures the continuity of skilled workforce in Maricopa, Arizona.

The Maricopa Arizona Restricted Stock Plan of RPM, Inc. is a comprehensive compensation program designed for employees of RPM, Inc. who are based in Maricopa, Arizona. This plan offers restricted stock grants to eligible employees as a way to attract, motivate, and retain talented individuals within the organization. With a focus on long-term commitment and performance, the Maricopa Arizona Restricted Stock Plan of RPM, Inc. aims to align the interests of RPM, Inc. employees with the success of the company. As a part of the plan, eligible employees are granted shares of RPM, Inc. stock that are subject to certain restrictions placed by the company. These restrictions typically involve a vesting schedule, where the shares become fully owned by the employee over a predetermined period of time. In some cases, these shares may also be subject to certain performance-based conditions, which need to be met for the restrictions to be lifted. The Maricopa Arizona Restricted Stock Plan of RPM, Inc. offers various types of restricted stock grants to employees. These include: 1. Performance-based restricted stock: Under this type of grant, the shares are subject to vesting based on the achievement of specific performance targets set by the company. These targets may be financial, operational, or individual performance goals, and their attainment is evaluated periodically. 2. Time-based restricted stock: This type of grant involves shares that vest over a fixed period of time. Typically, a portion of the shares becomes unrestricted on an annual basis, encouraging employees to remain with the company for the long term. 3. Restricted stock units: Instead of granting specific shares, restricted stock units (RSS) offer employees the right to receive a certain number of shares once the vesting conditions are met. RSS is a popular alternative to traditional stock grants and are often used to conserve shares. The Maricopa Arizona Restricted Stock Plan of RPM, Inc. serves as a valuable tool in motivating employees to contribute to the success and growth of RPM, Inc., as they are directly rewarded with ownership in the company. This plan not only helps align the interests of employees and shareholders but also ensures the continuity of skilled workforce in Maricopa, Arizona.