Salt Lake Utah Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• County: Salt Lake
• 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 Salt Lake Utah Restricted Stock Plan of RPM, Inc. is a comprehensive employee compensation program offered by RPM, Inc., a well-known corporation based in Salt Lake City, Utah. This stock plan aims to provide eligible employees with an opportunity to acquire ownership in RPM, Inc., thereby aligning their interests with the company's long-term success. The plan is crafted in compliance with the Securities and Exchange Commission (SEC) regulations and is designed to reward employees for their contributions towards the company's growth. One of the main types of the Salt Lake Utah Restricted Stock Plan is the Restricted Stock Unit (RSU) program. RSS are grants awarded to employees that represent a specific number of company shares. However, these shares are not issued directly to the employees at the time of grant. Instead, they are subject to certain restrictions, such as a vesting schedule or performance-based conditions. Once the restrictions expire, employees are entitled to receive the shares or their cash equivalent based on the plan's terms and conditions. Another variation of the Salt Lake Utah Restricted Stock Plan is the Performance Share Unit (PSU) program. PSU grants are determined based on predetermined performance criteria, such as financial targets, individual objectives, or company-wide goals. The number of units awarded is typically tied to the level of achievement of these targets, ensuring that employees are rewarded based on their contributions to RPM, Inc.'s success. The Salt Lake Utah Restricted Stock Plan is structured to provide employees with a sense of ownership and motivation to help drive the company's growth. By offering these stock-based incentives, RPM, Inc. aims to attract and retain top talent, foster a performance-driven culture, and align the interests of employees with the company's shareholders. It provides employees with an opportunity to participate in the company's financial success and potentially reap the benefits of long-term value appreciation. Overall, the Salt Lake Utah Restricted Stock Plan of RPM, Inc. is a notable employee compensation and incentive program that serves as a catalyst for employee retention, engagement, and long-term alignment with the corporation's goals.

Salt Lake Utah Restricted Stock Plan of RPM, Inc. is a comprehensive employee compensation program offered by RPM, Inc., a well-known corporation based in Salt Lake City, Utah. This stock plan aims to provide eligible employees with an opportunity to acquire ownership in RPM, Inc., thereby aligning their interests with the company's long-term success. The plan is crafted in compliance with the Securities and Exchange Commission (SEC) regulations and is designed to reward employees for their contributions towards the company's growth. One of the main types of the Salt Lake Utah Restricted Stock Plan is the Restricted Stock Unit (RSU) program. RSS are grants awarded to employees that represent a specific number of company shares. However, these shares are not issued directly to the employees at the time of grant. Instead, they are subject to certain restrictions, such as a vesting schedule or performance-based conditions. Once the restrictions expire, employees are entitled to receive the shares or their cash equivalent based on the plan's terms and conditions. Another variation of the Salt Lake Utah Restricted Stock Plan is the Performance Share Unit (PSU) program. PSU grants are determined based on predetermined performance criteria, such as financial targets, individual objectives, or company-wide goals. The number of units awarded is typically tied to the level of achievement of these targets, ensuring that employees are rewarded based on their contributions to RPM, Inc.'s success. The Salt Lake Utah Restricted Stock Plan is structured to provide employees with a sense of ownership and motivation to help drive the company's growth. By offering these stock-based incentives, RPM, Inc. aims to attract and retain top talent, foster a performance-driven culture, and align the interests of employees with the company's shareholders. It provides employees with an opportunity to participate in the company's financial success and potentially reap the benefits of long-term value appreciation. Overall, the Salt Lake Utah Restricted Stock Plan of RPM, Inc. is a notable employee compensation and incentive program that serves as a catalyst for employee retention, engagement, and long-term alignment with the corporation's goals.