Mecklenburg North Carolina Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Mecklenburg
• 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 Mecklenburg North Carolina Restricted Stock Plan of RPM, Inc. is a comprehensive equity compensation program designed to reward and motivate employees of RPM, Inc., a leading global manufacturing company. This plan grants employees a certain number of restricted stock units (RSS) as a form of long-term incentive. Under the Mecklenburg North Carolina Restricted Stock Plan, employees are awarded RSS based on their performance, position within the organization, and other predetermined criteria. This RSS represents ownership in the company, and employees are given the right to receive shares of RPM, Inc. stock at a specific vesting period or upon meeting certain performance goals. This plan provides key benefits to employees, as it aligns their interests with the company's shareholders. It encourages long-term commitment and helps attract and retain top talent by offering opportunities for significant capital appreciation. The Mecklenburg North Carolina Restricted Stock Plan is an effective tool to motivate and reward employees for their contributions to the company's success. There are several types of Mecklenburg North Carolina Restricted Stock Plans that RPM, Inc. may utilize, tailored to specific employee groups or objectives: 1. Incentive RSS: This type of plan offers RSS with additional performance-based criteria, encouraging employees to achieve specific goals or targets before the shares are fully vested. 2. Performance RSS: This plan rewards employees based on the company's overall performance, such as revenue growth or profitability. The RSS may vest only if certain performance milestones are met. 3. Executive RSS: This plan targets senior executives and offers a more significant number of RSS, reflecting their higher position within the organization. It may include specific performance metrics tied to the executive's performance or the company's overall success. 4. Employee Stock Purchase Plan (ESPN): While not a restricted stock plan, an ESPN allows employees to purchase company stock at a discounted price, encouraging employee ownership and long-term commitment. The Mecklenburg North Carolina Restricted Stock Plan of RPM, Inc. stands as a valuable tool for incentivizing and retaining talented employees, fostering long-term employee loyalty, and reinforcing alignment with the company's overall performance and success.

The Mecklenburg North Carolina Restricted Stock Plan of RPM, Inc. is a comprehensive equity compensation program designed to reward and motivate employees of RPM, Inc., a leading global manufacturing company. This plan grants employees a certain number of restricted stock units (RSS) as a form of long-term incentive. Under the Mecklenburg North Carolina Restricted Stock Plan, employees are awarded RSS based on their performance, position within the organization, and other predetermined criteria. This RSS represents ownership in the company, and employees are given the right to receive shares of RPM, Inc. stock at a specific vesting period or upon meeting certain performance goals. This plan provides key benefits to employees, as it aligns their interests with the company's shareholders. It encourages long-term commitment and helps attract and retain top talent by offering opportunities for significant capital appreciation. The Mecklenburg North Carolina Restricted Stock Plan is an effective tool to motivate and reward employees for their contributions to the company's success. There are several types of Mecklenburg North Carolina Restricted Stock Plans that RPM, Inc. may utilize, tailored to specific employee groups or objectives: 1. Incentive RSS: This type of plan offers RSS with additional performance-based criteria, encouraging employees to achieve specific goals or targets before the shares are fully vested. 2. Performance RSS: This plan rewards employees based on the company's overall performance, such as revenue growth or profitability. The RSS may vest only if certain performance milestones are met. 3. Executive RSS: This plan targets senior executives and offers a more significant number of RSS, reflecting their higher position within the organization. It may include specific performance metrics tied to the executive's performance or the company's overall success. 4. Employee Stock Purchase Plan (ESPN): While not a restricted stock plan, an ESPN allows employees to purchase company stock at a discounted price, encouraging employee ownership and long-term commitment. The Mecklenburg North Carolina Restricted Stock Plan of RPM, Inc. stands as a valuable tool for incentivizing and retaining talented employees, fostering long-term employee loyalty, and reinforcing alignment with the company's overall performance and success.