Nassau New York Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Nassau
• 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 Nassau New York Restricted Stock Plan of RPM, Inc. is a compensation program offered to employees of RPM, Inc. who meet certain eligibility criteria. This plan allows employees to acquire ownership in the company through the issuance of restricted stock units (RSS). Under the Nassau New York Restricted Stock Plan, eligible employees are granted RSS, which represent a promise to issue shares of RPM, Inc. stock at a future date. This RSS is subject to certain vesting conditions, such as the employee's continued employment with the company for a specific period of time. Once the RSS have vested, the employee is entitled to receive the corresponding number of shares of RPM, Inc. stock. The plan is designed to align the interests of employees with those of the company's shareholders, as it encourages long-term commitment and performance. By offering a stake in the company, the Nassau New York Restricted Stock Plan aims to motivate employees to contribute to the growth and success of RPM, Inc. Additionally, it serves as an effective retention tool, as the vesting schedule ensures employees remain with the company for a predetermined period. There may be different variations or types of the Nassau New York Restricted Stock Plan offered by RPM, Inc., depending on factors such as the employee's position within the organization or specific performance goals. The details of these variations, if any, are not specified in the provided information. Keywords: Nassau New York Restricted Stock Plan, RPM, Inc., compensation program, employees, ownership, restricted stock units, RSS, vesting conditions, vested, shares, alignment, long-term commitment, performance, growth, success, retention, variations.

The Nassau New York Restricted Stock Plan of RPM, Inc. is a compensation program offered to employees of RPM, Inc. who meet certain eligibility criteria. This plan allows employees to acquire ownership in the company through the issuance of restricted stock units (RSS). Under the Nassau New York Restricted Stock Plan, eligible employees are granted RSS, which represent a promise to issue shares of RPM, Inc. stock at a future date. This RSS is subject to certain vesting conditions, such as the employee's continued employment with the company for a specific period of time. Once the RSS have vested, the employee is entitled to receive the corresponding number of shares of RPM, Inc. stock. The plan is designed to align the interests of employees with those of the company's shareholders, as it encourages long-term commitment and performance. By offering a stake in the company, the Nassau New York Restricted Stock Plan aims to motivate employees to contribute to the growth and success of RPM, Inc. Additionally, it serves as an effective retention tool, as the vesting schedule ensures employees remain with the company for a predetermined period. There may be different variations or types of the Nassau New York Restricted Stock Plan offered by RPM, Inc., depending on factors such as the employee's position within the organization or specific performance goals. The details of these variations, if any, are not specified in the provided information. Keywords: Nassau New York Restricted Stock Plan, RPM, Inc., compensation program, employees, ownership, restricted stock units, RSS, vesting conditions, vested, shares, alignment, long-term commitment, performance, growth, success, retention, variations.