Sacramento California Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Sacramento
• 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 Sacramento California Restricted Stock Plan of RPM, Inc. is an integral component of the company's employee compensation and retention strategy. Designed to reward and incentivize employees, this stock plan offers various benefits and opportunities for participating individuals. RPM, Inc., a reputable company headquartered in Sacramento, California, has several types of restricted stock plans within their program, each catering to different employee groups. These plans are structured to align employee interests with company growth and foster a long-term investment mindset. Here are the different types of Sacramento California Restricted Stock Plans offered by RPM, Inc.: 1. Executive Restricted Stock Plan: Tailored specifically for top-level executives, this plan provides a unique opportunity for key decision-makers and influential leaders within the company to receive stock awards as added compensation. By offering equity ownership, RPM, Inc. aims to align executives' interests with the overall success of the organization, encouraging strategic decision-making and long-term value creation. 2. Employee Stock Purchase Plan (ESPN): The ESPN is open to all eligible employees of RPM, Inc., providing them with the option to purchase company stocks at a discounted price. This plan encourages employees to invest in the future of the organization and directly reap the benefits of its growth. By offering a favorable purchase rate, RPM, Inc. aims to promote employee participation and loyalty, fostering a sense of ownership and pride within its workforce. 3. Performance-Based Restricted Stock Units (RSS): This plan focuses on rewarding exceptional employee performance and acts as an additional incentive for meeting predefined performance goals. RPM, Inc. grants RSS to eligible individuals based on specific performance metrics, such as meeting sales targets, exceeding customer satisfaction levels, or achieving operational milestones. These units convert into company stocks once certain performance milestones are reached, providing employees with a tangible stake in the company's success. 4. Director and Board Member Restricted Stock Plan: This plan is specifically designed for directors and members of the RPM, Inc. board. As a way to attract and retain experienced professionals with valuable insights, this plan offers stock-based compensation in the form of restricted stock grants or stock options. By linking their interest to the company's performance, this plan strengthens the alignment between directors' decision-making and the achievement of long-term shareholder value. Each of these Sacramento California Restricted Stock Plans plays a crucial role in RPM, Inc.'s overall compensation strategy, aiming to motivate, reward, and retain talent within the organization. By offering employees a stake in the company's growth, RPM, Inc. ensures a sense of shared success and encourages participants to contribute to the company's overall performance and long-term stability.

The Sacramento California Restricted Stock Plan of RPM, Inc. is an integral component of the company's employee compensation and retention strategy. Designed to reward and incentivize employees, this stock plan offers various benefits and opportunities for participating individuals. RPM, Inc., a reputable company headquartered in Sacramento, California, has several types of restricted stock plans within their program, each catering to different employee groups. These plans are structured to align employee interests with company growth and foster a long-term investment mindset. Here are the different types of Sacramento California Restricted Stock Plans offered by RPM, Inc.: 1. Executive Restricted Stock Plan: Tailored specifically for top-level executives, this plan provides a unique opportunity for key decision-makers and influential leaders within the company to receive stock awards as added compensation. By offering equity ownership, RPM, Inc. aims to align executives' interests with the overall success of the organization, encouraging strategic decision-making and long-term value creation. 2. Employee Stock Purchase Plan (ESPN): The ESPN is open to all eligible employees of RPM, Inc., providing them with the option to purchase company stocks at a discounted price. This plan encourages employees to invest in the future of the organization and directly reap the benefits of its growth. By offering a favorable purchase rate, RPM, Inc. aims to promote employee participation and loyalty, fostering a sense of ownership and pride within its workforce. 3. Performance-Based Restricted Stock Units (RSS): This plan focuses on rewarding exceptional employee performance and acts as an additional incentive for meeting predefined performance goals. RPM, Inc. grants RSS to eligible individuals based on specific performance metrics, such as meeting sales targets, exceeding customer satisfaction levels, or achieving operational milestones. These units convert into company stocks once certain performance milestones are reached, providing employees with a tangible stake in the company's success. 4. Director and Board Member Restricted Stock Plan: This plan is specifically designed for directors and members of the RPM, Inc. board. As a way to attract and retain experienced professionals with valuable insights, this plan offers stock-based compensation in the form of restricted stock grants or stock options. By linking their interest to the company's performance, this plan strengthens the alignment between directors' decision-making and the achievement of long-term shareholder value. Each of these Sacramento California Restricted Stock Plans plays a crucial role in RPM, Inc.'s overall compensation strategy, aiming to motivate, reward, and retain talent within the organization. By offering employees a stake in the company's growth, RPM, Inc. ensures a sense of shared success and encourages participants to contribute to the company's overall performance and long-term stability.