San Antonio Texas Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: San Antonio
• 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 San Antonio Texas Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program that provides eligible employees with an opportunity to acquire company stocks at a discounted price or through specific vesting schedules. This plan is specifically designed to incentivize and reward employees for their dedication and contribution to the growth and success of RPM, Inc. Under the San Antonio Texas Restricted Stock Plan, employees are granted a certain number of restricted stock units (RSS) based on predetermined criteria, such as job performance, tenure, or position within the company. This RSS represents ownership in the company and entitle the employees to receive full company stock after meeting certain requirements, typically over a vesting period. One type of San Antonio Texas Restricted Stock Plan offered by RPM, Inc. is the Performance-Based Restricted Stock Units Plan. This plan aims to align employee performance with company objectives and growth, as the RSS are granted based on achieving specific performance targets or milestones. Employees who successfully meet these targets are then rewarded with company stock at the end of the determined vesting period. Another type of San Antonio Texas Restricted Stock Plan offered by RPM, Inc. is the Tenure-Based Restricted Stock Units Plan. This plan acknowledges employees' loyalty and commitment to the company by granting RSS based on their length of service or tenure. As employees continue to serve the company for a set period, they become eligible for receiving company stock, subject to vesting requirements. The San Antonio Texas Restricted Stock Plan of RPM, Inc. offers various benefits to employees. Firstly, it provides an opportunity to share in the company's success and growth directly. This can create a sense of ownership and motivate employees to work harder towards achieving organizational goals. Secondly, since the RSS are typically granted at discounted prices or have favorable vesting schedules, employees can potentially benefit from stock appreciation, resulting in financial gains over time. Employees who participate in the San Antonio Texas Restricted Stock Plan must adhere to specific rules and regulations set forth by RPM, Inc. and the relevant governing bodies. These rules typically outline the vesting schedule, transferability restrictions, and conditions under which the RSS may be forfeited or terminated. Overall, the San Antonio Texas Restricted Stock Plan of RPM, Inc. is a valuable employee benefit program that fosters employee engagement, loyalty, and aligns employee interests with the long-term success of the company. With its different types of plans, RPM, Inc. ensures it caters to the diverse needs of its employees, whether it be based on performance or tenure.

The San Antonio Texas Restricted Stock Plan of RPM, Inc. is a comprehensive employee benefit program that provides eligible employees with an opportunity to acquire company stocks at a discounted price or through specific vesting schedules. This plan is specifically designed to incentivize and reward employees for their dedication and contribution to the growth and success of RPM, Inc. Under the San Antonio Texas Restricted Stock Plan, employees are granted a certain number of restricted stock units (RSS) based on predetermined criteria, such as job performance, tenure, or position within the company. This RSS represents ownership in the company and entitle the employees to receive full company stock after meeting certain requirements, typically over a vesting period. One type of San Antonio Texas Restricted Stock Plan offered by RPM, Inc. is the Performance-Based Restricted Stock Units Plan. This plan aims to align employee performance with company objectives and growth, as the RSS are granted based on achieving specific performance targets or milestones. Employees who successfully meet these targets are then rewarded with company stock at the end of the determined vesting period. Another type of San Antonio Texas Restricted Stock Plan offered by RPM, Inc. is the Tenure-Based Restricted Stock Units Plan. This plan acknowledges employees' loyalty and commitment to the company by granting RSS based on their length of service or tenure. As employees continue to serve the company for a set period, they become eligible for receiving company stock, subject to vesting requirements. The San Antonio Texas Restricted Stock Plan of RPM, Inc. offers various benefits to employees. Firstly, it provides an opportunity to share in the company's success and growth directly. This can create a sense of ownership and motivate employees to work harder towards achieving organizational goals. Secondly, since the RSS are typically granted at discounted prices or have favorable vesting schedules, employees can potentially benefit from stock appreciation, resulting in financial gains over time. Employees who participate in the San Antonio Texas Restricted Stock Plan must adhere to specific rules and regulations set forth by RPM, Inc. and the relevant governing bodies. These rules typically outline the vesting schedule, transferability restrictions, and conditions under which the RSS may be forfeited or terminated. Overall, the San Antonio Texas Restricted Stock Plan of RPM, Inc. is a valuable employee benefit program that fosters employee engagement, loyalty, and aligns employee interests with the long-term success of the company. With its different types of plans, RPM, Inc. ensures it caters to the diverse needs of its employees, whether it be based on performance or tenure.